CBS Evening News - 2007-11-28
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Read a transcript preview of “CBS Evening News - 2007-11-28” from malgent, uploaded on 2026-01-15.
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Language: English (original, YouTube automatic captions)
[0:00] Tonight,
[0:03] home prices plummet, but the stock
[0:05] market soarses after an encouraging
[0:07] signal from an official of the Fed. I'm
[0:10] Katie Kurrick. Also tonight, a potential
[0:12] political embarrassment for Rudy
[0:14] Giuliani.
[0:16] >> Questions about how he build New York
[0:17] City taxpayers for his security? Was he
[0:20] trying to hide something? It's a
[0:23] potential killer. Too much salt in our
[0:25] diets. Now, the government may be ready
[0:27] to take action.
[0:29] More and more young adults getting
[0:31] hooked on prescription drugs. It's a
[0:33] long hard road back for them
[0:35] >> and the wisdom to know the difference
[0:37] >> and their parents.
[0:38] >> I wanted to murder him.
[0:44] >> This is the CBS Evening News with Katie
[0:48] Kurrick.
[0:51] Good evening everyone. Tuesday,
[0:52] Wednesday, happy days on Wall Street. At
[0:54] least it just had its best two days in
[0:57] five years. The Dow shot up 331 points
[1:00] today on top of yesterday's gain. That's
[1:03] a two-day total of 546 points or 4.3%.
[1:08] And it came despite more bad news about
[1:10] the housing market. Used home sales down
[1:12] for the eighth straight month as prices
[1:15] took their biggest drop on record, down
[1:17] more than 5%. The median sale price less
[1:20] than $28,000.
[1:22] So Anthony Mason, what was Wall Street
[1:25] so happy about? Katie, the Dow had its
[1:27] second biggest point rally of the year
[1:29] because a key Federal Reserve official
[1:31] hinted the Fed will cut interest rates
[1:34] again next month. Why? Well, he may have
[1:36] been looking at those latest housing
[1:37] numbers, which just keep getting worse.
[1:41] Bonnie Smith's Florida home has been on
[1:44] the market for more than a year.
[1:46] >> I just d