CBS Evening News - 2002-07-30
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Read a transcript preview of “CBS Evening News - 2002-07-30” from malgent, uploaded on 2025-12-28.
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Language: English (original, YouTube automatic captions)
[0:00] First round. Something doesn't change.
[0:03] It could happen again. Big city murders
[0:06] on the rise. She saw her father
[0:08] murdered. Then a year later, her mother.
[0:11] And they're back. Just a day after those
[0:14] beached whales were helped back to sea.
[0:16] They returned to Cape Cod.
[0:22] [music]
[0:26] This is the CBS Evening News with Dan
[0:30] Rather. [music]
[0:31] Good evening. Dan is off tonight. I'm
[0:32] John Roberts. President Bush today
[0:34] signed corporate reform legislation into
[0:37] law. It's designed to crack down on
[0:39] executives and accountants who cook the
[0:41] books and to try to restore the
[0:42] confidence of investors in the stock
[0:44] market. And not a moment too soon. And
[0:47] the survey out today finds corporate
[0:49] corruption and falling stock prices send
[0:51] consumer confidence in the economy
[0:53] sharply lower this month. That could
[0:55] cause consumers to cut spending,
[0:57] jeopardizing the economic recovery.
[0:59] After yesterday's big stock market
[1:01] rally, investors took profits today and
[1:03] the Dow resumed its slide. It's down
[1:05] more than 13% for the year. An election
[1:09] year, all the more reason for a
[1:11] high-profile signing ceremony today. As
[1:13] Bob Schaefer reports,
[1:15] >> clearly hoping to boost investor
[1:17] confidence, the White House pulled out
[1:19] all the stops. Everyone who's anyone in
[1:21] official Washington was invited in as
[1:23] the president signed the reform
[1:25] legislation, which he believes is just
[1:28] the strong medicine needed.
[1:30] >> This law says to every dishonest
[1:32] corporate leader,
[1:34] you will be exposed and punished.
[1:36] >> For sure, it is a tough one. And
[1:38] accountants who audit public companies