This program is 29 minutes long
(White House: Chip Reid) The Obama plan for the two auto companies examined; details given about what GM and Chrysler each has to do to get more loans, including a Chrysler-Fiat merger and about the government's backing of new car warranties. [OBAMA - says neither goes far enough for more investment money; states new vision is needed and GM can rise again; asserts the US has no interest in running GM.] [Autolinedaily.com analyst John McELROY†- says you gotta do what the government wants.] [Representative Thaddeus McCOTTER†- compares the treatment of banks and the auto industry executives.]
(Studio: Katie Couric) The naming of Frederick "Fritz" Henderson† as the new GM CEO noted.
(Studio: Anthony Mason) The impact of a change on GM examined; details given about what could happen to lenders, workers and retirees. [GM workers MAN, John ESTES†, retiree Henry MOORE; at a diner, Nicky D's employee Bessie KARNAROS†- react to what is happening to the industry.] [OBAMA - talks about the bankruptcy option.] [IHS Global Insight analyst Rebecca LINDLAND†- assesses the message of possible bankruptcy.] [Argus Research analyst Kevin TYNAN†- says the "sacred" retirement comes into question.] GM's losses over recent years cited and what a GM failure would mean for the parts divisions discussed.
(Studio: Katie Couric) Live interview held with CEO Henderson. [From Detroit, HENDERSON - says the task force found we have to move faster to get the job done in 60 days; comments on this tough message and the need for sacrifice; asserts we have to do more and take tougher measures to survive; comments on Wagoner and the government's call for a change in leadership; outlines what his job will be.]
(Fargo, North Dakota: Dean Reynolds) The situation in Fargo featured; scenes shown from the air of the dikes and the Red River, rescues, pets at an animal shelter and sandbagging operations. [Mayor Dennis WALAKER- reacts to the weather.] [Fargo vice mayor Tim MAHONEY- calls this "an epic flood."] How the blizzard may be a blessing in disguise noted.
(London: Mark Phillips) The issue of the global recession featured; details given about the common problems of falling production and rising unemployment and about what different leaders want to do in this economic house of cards. [British Prime Minister Gordon BROWN, Australia Prime Minister Kevin RUDD†, Parliament member Vince CABLE†- comment on the world economic situation.]
(Studio: Katie Couric) CBS coverage of the G-20 summit announced.
(Los Angeles: Bill Whitaker) The implications of teen depression examined; details given about task force recommendations. [Teen "CARRIE" - describe what happened to her.] [US Preventive Services task force Dr. Ned CALONGE- calls for teen screening.] [UCLA child psychiatry professor James McCRACKEN- explains the symptoms.]
(Studio: Katie Couric, Jon LaPook) Who would benefit from the polypill and the risks in taking a super pill discussed.
(Miami: Kelly Cobiella) How businesses are responding in a humane way to the economic crisis featured; details given about the event at Denny's in which two million people got a free grand slam breakfast; scenes shown of people in line at Denny's, Jon Charles salons and a Miami yoga studio. [Denny's CEO Nelson MARCHILOI- says this changed our brand and increased sales; reads an e-mail of gratitude.] [Salon owner Jon CHARLES- talks about honesty.] [At a yoga studio, unemployed Maya PARADA; teacher Judith OFFRETT- react.]