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Economy: Stock Market / Banks #928665

CBS Evening News for Thursday, Apr 09, 2009
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(Studio: Katie Couric) An earnings report from Wells Fargo & Stock Market Report cited.

(Studio: Anthony Mason) The igniting of the market rally by investments in bank stocks following the Wells Fargo report & the status of the beleaguered banks featured; economic statistics cited; details given about a bailout funds proposal allowing the public to buy up bad loans. [Seaport Securities president Ted WEISBERG†- assesses the stock trend.] [Egan-Jones Rating Co. Sean EGAN†- talks about bank capital; states there are difficulties in loan categories.] [PIMCO's Bill GROSS‡- says Main Street can profit.] These first encouraging signs about the economy discussed.

Reporter(s):
Couric, Katie;
Mason, Anthony
Duration:
00:02:40

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