This program is 27 minutes long
(Studio: Peter Jennings) The Federal Reserve Board's lowering of the interest rate reported. Stock Market Report.
(Studio: Betsy Stark) The reaction to Federal Reserve Board chairman Alan Greenspan's surprise rate cut examined; details given from the Fed's press release about problems in the economy. [Economy.com Mark ZANDI - assesses the signal sent by the Fed.] [Diamond Casting and Machine Jerry LETENDRE - talks business.]
(Studio: Peter Jennings) Interview held with UBS PaineWebber floor manager Art Cashin about the Fed's move. [CASHIN - assesses the Fed's action; says we are leaning toward the view that the market has bottomed.]
(Studio: Peter Jennings) List of banks cutting their prime rate outlined on screen.
(Studio: Peter Jennings) The meeting of the United States and China to discuss the collision of their two planes noted.
(Beijing: Mark Litke) China's goals in talks with the United States and how the Chinese government presented the negotiations to the public reviewed.
(White House: Terry Moran) The reaction of President Bush's administration to the China meeting reviewed; details given of the issue of the return of the EP-3 surveillance plane.
(Studio: Peter Jennings) President Bush's call to Israeli Prime Minister Ariel Sharon to discuss the violence between the Israelis and the Palestinians reported; scenes shown of the fighting in Bethlehem and the Gaza Strip.
(Studio: Peter Jennings) The tension in Quebec City, Canada, over Friday's meeting of leaders of 34 countries in the hemisphere reported.
(Studio: Peter Jennings) The executions in Thailand of drug smugglers reported; photos shown.
(Studio: Peter Jennings) Further rain and flooding in the upper Midwest reported.
(Prairie du Chien, WI: Jim Williams) The flooding in Prairie du Chien, WI, featured; scenes shown of the river waters. [Residents Al REED, two MEN, radio GUY - comment on the flooding.]
(Studio: Peter Jennings) Vote in Mississippi to keep the Confederate emblem on its state flag reported.
(Studio: Peter Jennings) Report on the decline in the birth rate for teenage mothers noted.
(Studio: Peter Jennings) Report introduced.
(Saint Charles, Illinois and Washington: Michele Norris) The closing of schools due to toxic mold infestations due to poor maintenance in school buildings featured. [Allergist Dr. John SANTILLI - cites the public health problem.] [Kane County, Illinois, schools superintendent Clem MEJIA - cites budgetary concerns.] [Saint Charles High School student and mother Ashley and Marsha HARD - describe her health problems in school.] [Parent Cathy VILLWICK - says this is a national crisis.]
(Studio: Peter Jennings) San Francisco Giants baseball player Barry Bonds shown hitting his 500th homer.
(Studio: Peter Jennings) Third part in a series on rape in prison introduced; statistics cited.
(San Francisco: Judy Muller) The long-term program in San Francisco's jails to reduce prison rape featured; scenes shown to illustrate how different architecture allows greater prisoner supervision. [Inmate Kevin BURNS, San Francisco County, California, Sheriff Mike HENNESSEY - express concern about life in the prison.] [Inmate John BIRDEN - praises the jail system.] [Hudson Institution Michael HOROWITZ - says prison officials who won't make changes should be made to "walk the plank."]
(Studio: Peter Jennings) Jury selection in the trial of Thomas Blanton for the 1963 Birmingham, Alabama, church bombing that killed four black girls noted.
(Birmingham, Alabama: Connie Chung) ABCNews exclusive interview with FBI informant Mitch Burns about the Birmingham bombing presented; details given from the 1960s conversations between Blanton and Burns as recorded by the FBI. [BURNS - comments on Blanton.]