CBS Evening News - 2008-10-06
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Read a transcript preview of “CBS Evening News - 2008-10-06” from malgent, uploaded on 2025-09-14.
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Language: English (original, YouTube automatic captions)
[0:02] Meltdown Monday. Tonight, stock prices
[0:04] plunge all over the world. The Dow
[0:06] closes below 10,000 for the first time
[0:09] in four years. I'm Katie Kurrick. Also
[0:12] tonight, getting to the bottom of the
[0:14] financial crisis.
[0:16] >> If you haven't discovered your role,
[0:17] you're the villain today.
[0:19] >> The disgraced head of Lehman Brothers in
[0:21] the hot seat on Capitol Hill. As the
[0:24] polls tighten, the presidential
[0:26] candidates go negative, stepping up
[0:28] their personal attacks. And a soldier's
[0:31] best friend. How a dog named Yankee is
[0:34] helping a veteran cope with the
[0:35] lingering demons of war.
[0:42] >> This is the CBS Evening News with Katie
[0:45] Kurig.
[0:48] >> Good evening everyone. And another week
[0:50] is starting out very badly on the
[0:52] financial markets. Not just here, but
[0:54] all over the world. We begin though on
[0:56] Wall Street because for a time today, it
[0:58] looked like the Dow was headed for its
[1:00] worst point loss ever. It was down 800.
[1:03] But by the end of the day, the Dow had
[1:05] recovered about half of that and
[1:07] investors breathed a sigh of relief.
[1:09] Since President Bush signed the bailout
[1:11] into law last Friday, the Dow has lost
[1:13] more than 500 points. Anthony Mason is
[1:16] on Wall Street tonight. And Anthony,
[1:18] it's amazing what passes for good news
[1:20] down there these days, isn't it?
[1:22] >> It sure is, Katie. It was a frantic day
[1:24] down here. And while the markets did
[1:26] manage to rally back, the Dow still
[1:29] closed below 10,000 for the first time
[1:32] in 4 years.
[1:36] What started as a global sell-off
[1:38] quickly spread to Wall Street.
[1:39] >> People are just spooked. They're scared.
[1:41] They'