This program is 29 minutes long
(Studio: Trish Regan) The meltdown on the stock market due to investor fear examined; statistics on the Dow and S&P, unemployment, consumer prices and oil and gas prices cited; details given of concern about deflation. [UBS Art CASHIN- says investors got swept up in the tsunami of selling.] [White House press secretary Dana PERINO – states the financial and credit crisis is having an impact on job creation.] [Former FDIC chairman Bill SEIDMAN- explains why cheaper prices are not good for the economy.] [Deutsche Bank chief economist Joe LaVORGNA- describes how deflation hurts the economy.] The loss for Citigroup noted.
(Capitol: Phil LeBeau) The uncertainty over the fate of the Big Three automakers and their plea for a bailout examined; details given about the demand from Congress that they come back with plans on how they will use the money; statement from Ford quoted. [Senator Harry REID, Speaker of the House Nancy PELOSI – comment.] [Representative Gary ACKERMAN- criticizes the CEOs for flying private jets to Washington, DC.] [GM CEO Rick WAGONER- says we get the chance to tell the story once again.]
(Studio: Brian Williams) Report introduced.
(Montgomery, Alabama: Ron Mott) The expansion of foreign auto companies in the Southeast featured; scenes shown from the Hyundai plant in Montgomery, Alabama; map shown of foreign car maker sites; details given about the advantages of foreign companies over American companies. [Alabama Development Office Neil WADE- comments on the growth of the industry.] [Hyundai worker Pat BEAN- comments.] [Hyundai vice president of production John KALSON- comments on taking care of the workers.]
(Washington: Chuck Todd) The status of President-elect Barack Obama’s cabinet appointments reviewed; details given about possible candidates and the drama surrounding Senator Hillary Clinton, a likely choice for Secretary of State.
(Korengal, Afghanistan: Richard Engel) The story of the soldiers of Viper Company in Afghanistan’s Korengal valley reviewed; scenes shown of the soldiers under attack at their Restrepo†† outpost.
(Studio: Brian Williams, Richard Engel) The shortage of resources at Restrepo and the challenges of fighting in Afghanistan compared to Iraq discussed.
(Detroit: Mara Schiavocampo) The impact of the downturn in the auto industry on small businesses in Detroit featured. [Marko’s Grecian Palace manager Anton LULGJURAJ, barber shop owner Debbie LIGHT, plaque maker Steve ZREMSKI- describe how their businesses are affected.]
(Mt. Kilimanjaro: Ann Curry) The reporter’s expedition on Mt. Kilimanjaro updated; details given of the decision to stop the climb because of altitude sickness and the cold; scenes shown.