CBS Evening News - 2007-11-07
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Read a transcript preview of “CBS Evening News - 2007-11-07” from malgent, uploaded on 2026-01-15.
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Language: English (YouTube automatic captions)
[0:02] Tonight, Wall Street breaks out in a
[0:04] sweat again over everything from the
[0:06] credit crisis [music] to oil prices.
[0:09] Another 300 plus loss for the Dow. I'm
[0:12] Katie Kurrick. Also [music] tonight, a
[0:14] new FEMA outrage. Thousands of Katrina
[0:17] victims are still living in toxic
[0:19] trailers. FEMA tells its own staff to
[0:22] stay out of them. They're too dangerous.
[0:25] Stopping a killer. A simple test [music]
[0:27] could detect the superbug. So, why won't
[0:30] the government order hospitals to test
[0:32] [music] their patients? And hold the
[0:34] pickles, hold the lettuce. Why one
[0:37] California community wants to put a hold
[0:39] on fast food.
[0:45] This is the [music] CBS Evening News
[0:48] with Katie Kurrick.
[0:51] >> Good evening everyone. Investors were
[0:53] [music] carrying a world of worries on
[0:55] their shoulders today. the falling
[0:57] dollar, record high oil prices, the
[0:59] mortgage mess, the housing slump, and a
[1:02] possible economic slowdown. And they
[1:04] responded by dumping stocks that sent
[1:07] the Dow plummeting more than 300 points
[1:09] for the second time in a week. Anthony
[1:11] Mason is on Wall Street tonight.
[1:13] Anthony, another tough day, but not the
[1:15] toughest in recent weeks.
[1:16] >> No, hard to believe, Katie, but this was
[1:18] the Dow's fifth biggest fall of the
[1:20] year. And as you say, the market, which
[1:22] headed steadily down all day, had a lot
[1:25] on its mind.
[1:28] >> The Dow's 360 point plunge was its third
[1:32] 300 point drop in just 4 weeks. And the
[1:35] index has now fallen more than 800
[1:37] points or 6% from its all-time high less
[1:41] than a month ago. Stocks were rattled
[1:43] right out of the gate after General
[1:45] Mot