Kudlow & Cramer (CNBC) - 2002-09-01
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Read a transcript preview of “Kudlow & Cramer (CNBC) - 2002-09-01” from malgent, uploaded on 2026-01-24.
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Language: English (original, YouTube automatic captions)
[0:02] Wait. Call 1800772-6226.
[0:16] Say goodbye to machines taking up
[0:18] valuable office space and tap into the
[0:20] Kinko's network.
[0:21] >> Good evening. I'm Jim Kramer. Larry was
[0:23] on vacation this week and my co-hosts
[0:25] such as Liz Clayman and I spoke with
[0:27] guests ranging from Colonel Oliver North
[0:29] to Dr. Joyce Brothers.
[0:30] >> We looked at the Worldcom Solomon Smith
[0:32] Barney IPO controversy. We talked about
[0:34] air travel, the oil crisis, of course,
[0:36] and we heard from ABC's John Miller
[0:38] about how much the FBI and CIA really
[0:41] knew before 9/11.
[0:42] >> All right, so now here are some of the
[0:44] recent highlights from Cuddlo and
[0:45] Kramer.
[0:47] [music] From CNBC headquarters,
[0:52] this is CNBC's Cuddlo [music] and
[0:54] Kramer. From Washington to Wall Street,
[0:57] how the big stories affect you.
[0:59] >> Okay. Tonight, world class bad news for
[1:02] Worldcom. First of, you know, this is,
[1:04] by the way, a continuing sag on our
[1:06] show. Scott Sullivan, the former chief
[1:08] financial officer of the bankrupt
[1:09] long-distance company, has been indicted
[1:11] on securities fraud and other charges.
[1:14] Three other accounting executives are
[1:15] named as unindicted co-conspirators.
[1:18] The indictment expands upon the criminal
[1:20] complaint filed against Sullivan on
[1:22] August 1st. It accuses the Florida
[1:24] resident of helping to hide billions of
[1:27] dollars in company finances which
[1:29] effectively made WorldCom's financial
[1:30] position look a lot better than it
[1:32] really was.
[1:33] >> As if that weren't enough, Jim.
[1:35] Meanwhile, it's been revealed that
[1:36] Sullivan and other former WorldCom
[1:38] executives, namely chairman Bernard
[1:40] Ebers rec