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(Studio: Brian Williams) The end of the bull market with another drop in the stock market noted; figures cited. NOTE: Local news bulletin on screen.
(Studio: Trish Regan) The meltdown on the stock market due to investor fear examined; statistics on the Dow and S&P, unemployment, consumer prices and oil and gas prices cited; details given of concern about deflation. [UBS Art CASHIN- says investors got swept up in the tsunami of selling.] [White House press secretary Dana PERINO – states the financial and credit crisis is having an impact on job creation.] [Former FDIC chairman Bill SEIDMAN- explains why cheaper prices are not good for the economy.] [Deutsche Bank chief economist Joe LaVORGNA- describes how deflation hurts the economy.] The loss for Citigroup noted.
- Williams, Brian;
- Regan, Trish
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