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Economy: Stock Market / Consumer Spending #943636

ABC Evening News for Monday, Aug 17, 2009
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(Studio: Charles Gibson) The drop in the stock market in response to consumer spending concerns cited.

(Studio: David Muir) The reality of this rocky economic recovery examined; a drop in Lowe's earning & school supplies sales noted. [UBS Financial Services floor operations director Art CASHIIN†- says hopes got ahead of reality in the market; states the economy depends on the consumer.] [Trader Psyches founder Denise SHULL†- says profits had come from cost-cutting, not sales.] [Mesirow Financial economist Diane SWONK†- talks about consumer spending.] The drop in world markets discussed.

Gibson, Charles;
Muir, David

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