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(Studio: Katie Couric) The latest interest rate cut by the Federal Reserve Board noted.
(Studio: Anthony Mason) The dramatic slowdown in the economy examined; details given about the drop in mortgage rates. [President BUSH – says there are signs our economy is slowing.] [Mortgage Capital Associates Jay STEREN- notes the pickup in his business.] [Barclays Capital economist Julia CORONADO- comments on uncertainty in the housing market.] [Eastern Floral and Gifts owner Bing GOEI- notes the drop in sales.] The announcement from Standard and Poor’s that it may cut ratings on subprime mortgage securities noted.
- Couric, Katie;
- Mason, Anthony
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