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Economy: Citi / Employment / Sports #925057

NBC Evening News for Monday, Nov 24, 2008
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(Studio: Brian Williams) Report introduced.

(Studio: Erin Burnett) The government’s bailout plan for Citigroup examined; details given about the fall and rise of stock shares. [President BUSH – says the first step to recovery is to safeguard our financial system.] [Harvard University Kenneth ROGOFF†- says Citi is on life support.] [Citigroup CFO Gary CRITTENDEN†- says we’ve increased confidence.] [Investor Saudi Prince ALWALEED††- says we will continue with Citigroup.] [Sandler and O’Neil chief strategist Robert ALBERTSON†- states the financial industry is more important than any other industry.]

(Studio: Brian Williams) Report introduced.

(Riverside, California: George Lewis) The staggering rate of unemployment in California featured; figures cited; details given about the real estate bust. [Riverside Mayor Ron LOVERIDGE††- supports President-elect Barack Obama’s plan to invest in infrastructure.] [Unemployed MAN, Raffaal NOWDEN†- comment.]

(Studio: Brian Williams) Report introduced.

(New York: Mike Taibbi) The impact of the economy on corporate sponsorships of sports teams featured; details given of GM’s decision to end its endorsement deal with golfer Tiger Woods and to cut back on other deals, while beleaguered Citigroup and AIG will continue with their sponsorships. [CNBC sports business reporter Darren ROVELL†- comments on the situation for sports that depend on sponsorship from banks and financial institutions.]

Reporter(s):
Williams, Brian;
Burnett, Erin;
Lewis, George;
Taibbi, Mike
Duration:
00:07:00

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