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Economy: Stock Market #999145

ABC Evening News for Thursday, Aug 04, 2011
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(Studio: David Muir) The dizzying drop in the stock market reviewed; statistics cited.

(New York: Bianna Goldryga) The fear on Wall Street due to indications the economy is weakening featured; investor wealth statistics cited; details given about the economic slowdown in growth in 2011. [Hugh Johnson Advisors chairman Hugh JOHNSON†- says the economy is losing momentum and there could be a recession.] [NYSE trader Doreen MOGAVERO†- comments.] The coming job and unemployment numbers previewed.

(Studio: David Muir) Live discussion held with PIMCO CEO Mohamed el-Erian about the economy. [EL-ERIAN - says the economy is weakening and Europe is having a debt crisis; states unemployment could go higher.]

Muir, David;
Goldryga, Bianna

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