This program is 28 minutes long
(New York Stock Exchange: Anthony Mason) The emergency rate cut examined; details given about panicked stock selling overseas and the impact of the housing crisis on the economy and banks; Dow and NASDAQ figures cited. [Standard and Poor’s economist David WYSS, Mogavero Lee and Co. Doreen MOGAVERO- react to the Fed’s move.] [Economist Robert HANES- comments on problems for investment insurers like Ambac and MBIA.] The impact of the Fed’s move on the average person discussed.
(Studio: Katie Couric) Report introduced.
(White House: Bill Plante) The government’s proposed economic stimulus package outlined. [President BUSH – comments on finding common ground to boost the economy.] [Speaker of the House Nancy PELOSI – says we will have a bipartisan agreement.] [CBO Peter ORSZAG- comments on the challenge to issue tax rebate checks.]
(Los Angeles: Sandra Hughes) The challenge for Americans to protect their retirement nest eggs in these hard economic times featured. [Semi-retired Carlos and wife Margaret SOSA- comment.] [Financial planner Louis BARAJAS- says right now losses are paper losses.]
(Lexington, South Carolina: Dean Reynolds) The increasingly bitter battle between Democratic presidential candidates Senators Hillary Clinton and Barack Obama featured; scenes shown of them arguing during last night’s debate in South Carolina and Clinton campaigning in Salinas, California, today. [CLINTON - says Obama came looking for a fight.] [OBAMA – says this is the kind of politics we cannot afford.] NOTE: Technical difficulty during this report.
(Studio: Katie Couric) Fred Thompson's withdrawal from the race noted.
(Miami: Nancy Cordes) Thompson’s low-key pullout and the impact on the Republican race featured; his brief statement quoted.
(New York: Kelly Wallace) The death of actor Heath Ledger and his career reviewed; excerpts shown from "Brokeback Mountain" and the upcoming Batman film, “The Dark Knight.”
(Studio: Jon LaPook) The decline in heart deaths examined; statistics cited; details given about the reduction in risk factors and improved procedures. [Heart Center of Niagara patient Carrie MITCHELL- comments.] [Stony Brook University Hospital Dr. Todd ROSENGART- cites advances in technology and treatment.] [New York-Presbyterian Hospital Dr. Lori MOSCA- notes the impact of increased diabetes and obesity in youth on the future trend.] Disparities in heart health discussed.
(Los Angeles: Ben Tracy) The growing movement against plastic shopping bags because of their impact on the environment featured; details given of bans by Whole Foods grocery stores and the cities of San Francisco and Oakland, California; statistics cited. [Shoppers Sue CHOR†, WOMAN - comment.] [Whole Foods Market Marci FRUMKIN†- cites the amount of plastic bags discarded yearly.] [Progressive Bag Affiliates Keith CHRISTMAN†- comments on recycling bags.]
(New York: Richard Schlesinger) The uncertainty over whether there will be a televised Oscar ceremony due to the writers strike featured. [“Village Voice” columnist Michael MUSTO, “Us Weekly Magazine” senior editor Albert LEE- comment on the potential impact.]