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Economy: Auto Industry / Luxury Retail #923234

NBC Evening News for Thursday, Nov 06, 2008
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(Studio: Brian Williams) Report introduced.

(Detroit: Phil LeBeau) The push from the big 3 US auto makers for more money from the government featured; scenes shown of the CEOs from Ford, GM and Chrysler with Congressional leaders. [Speaker of the House Nancy PELOSI – comments.] [CSM Worldwide auto analyst Michael ROBINET†- says they do need some intervention.] The expectation that Ford and GM will report losses noted.

(Studio: Brian Williams) Report introduced.

(Los Angeles: Chris Jansing) The drop in retail sales examined; statistics cited; details given about the downturn for luxury retailers. [CNBC’s Margaret BRENNAN†- states expected weak numbers ended up being abysmal.] [Los Angeles developer Rick CARUSO††- explains the impact on everyday workers when the rich don’t shop.] [Calitalia waiter Francisco MORAN‡, Melisse chef Josiah CITRIN††- comment on the slowdown for upscale restaurants.] [Luxury Link president Diane McDAVITT†- notes the increase in discount travel deals.]

Reporter(s):
Williams, Brian;
LeBeau, Phil;
Jansing, Chris
Duration:
00:04:30

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