CBS Evening News - 1997-10-28
Channel: malgent
Uploaded:
Duration: PT1738S
Read a transcript preview of “CBS Evening News - 1997-10-28” from malgent, uploaded on 2025-11-10.
Transcript preview
Language: English (original, YouTube automatic captions)
[0:02] Wall Street rallies back.
[0:06] A standing ovation as stock prices make
[0:08] a remarkable recovery with a record gain
[0:11] on the first ever billion share trading
[0:14] day. In Massachusetts, the case of the
[0:16] English nanny accused of killing the
[0:19] child in her care [music] is now in the
[0:21] hands of the jury and inside the
[0:24] underworld. Tonight, the party's over.
[0:26] How [music] the mob was kicked out of
[0:28] its flagship business. It's like taking
[0:30] the World Series away from baseball.
[0:34] This is the CBS Evening News [music]
[0:38] with Dan Rather reporting from CBS News
[0:41] headquarters in New York. [music] Good
[0:43] evening and perhaps congratulations
[0:45] because if you're one of the tens of
[0:47] millions of Americans now invested in
[0:50] the stock market, you made at least some
[0:52] of your money back today. After
[0:53] yesterday's record 554 point drop, the
[0:57] bellweather Dow bounced back today with
[1:00] a record 337 point gain. And trading
[1:04] volume topped 1 billion shares for the
[1:07] first time ever. Record volume also on
[1:10] the NASDAQ exchange where stocks also
[1:13] were up. CBS's Ray Brady reports now on
[1:16] the dramatic turnaround on a day that
[1:18] strained everyone's ticker. Ray Dan, in
[1:21] all my years of covering Wall Street,
[1:23] I've never seen a stock market like this
[1:25] one going from Black Monday to record
[1:28] Tuesday.
[1:29] Listen to the roar of the crowd.
[1:34] The New York Stock Exchange traded a
[1:36] billion shares today, a record. Then
[1:39] more than 1.1 billion shares, and
[1:41] records too for both the Dow Jones
[1:43] Industrial Average and the NASDAQ. All
[1:46] this even though stocks plunged more
[1:48] than 13% in Hong Kong,