This program is 29 minutes long
(Studio: Betsy Stark) The soaring market examined; details given about unemployment, the announcement of a recession in Germany and Wal-Mart earnings. [New York Stock Exchange member Alan VALDES- talks about spending and the market rise.] Graph of the day's late surge outlined on screen. [Johnson Illington Advisors CEO Hugh JOHNSON- reacts.] Senator Chris Dodd's statement there are not enough Senate votes to pass an auto industry bailout noted.
(New York and Greenwich, Connecticut: Bill Weir) What is happening in this economy to hedge funds examined; scenes shown from a Congressional hearing with five hedge fund heads and of some of their homes in Greenwich, Connecticut; details given about the funds can invest in anything, how many billions the funds lost last month. [At hearings, Representative Elijah CUMMINGS - cites their billion dollar annual income.] [Lincolnshire Management president T.J. MALONEY- calls it a "perfect storm" for hedge funds.] ["New York Times" Andrew Ross SORKIN- says anything that trades is the business of hedge funds.]
(Studio: Kate Snow) The presence of Governor Sarah Palin at the Republican Party governors' meeting in Florida featured. [PALIN - jokes about her year; expresses disappointment at her loss; outlines the issues.] [On CNN, PALIN - speaks about the future.] [ABC News political director David CHALIAN- says a lot of hats will be thrown in the ring as the party tries to define itself.] [Governors Bobby JINDAL, Tim PAWLENTY - speak.] A statement from Republican strategist Karl Rove that Palin needs to study up on foreign policy if she wants to run for office again noted.
(Peshawar, Pakistan: Nick Schifrin) The dangerous situation in the tribal areas for US supply vehicles featured; scenes shown of stolen US military supplies for sale, stolen Humvees and Pakistanis who were targeted for helping the Americans. [Brookings Inst. Bruce RIEDEL- cites this vulnerability of NATO/American forces here.]
(Boston: John McKenzie) An experimental breast cancer vaccine featured; details given about the preliminary tests with one woman's pioneer case cited. [Cancer patient Ingrid EIKINEAS- comments on the message she was given and on her treatment.] [University of Washington Dr. Mary "Nora" DIISIS- talks about targeting cancer proteins.] [Massachusetts General Hospital Dr. Jack ERBAN- talks about vaccine therapy.]
(New York: David Muir) The life and role of Prince Charles as heir to the throne featured; details given about his various causes. [Royal historian Robert LACEY- talks about Charles and how the people view the "old boy."] [Prince CHARLES - says there is no such defined role for the position; jokes about being a meddler.]