CBS MarketWatch Weekend - 2002-01-05
Channel: malgent
Uploaded:
Duration: PT1795S
Read a transcript preview of “CBS MarketWatch Weekend - 2002-01-05” from malgent, uploaded on 2026-01-19.
Transcript preview
Language: English (original, YouTube automatic captions)
[0:08] Watch Ken Bobby and Karen Adams on Coin
[0:10] 6 News. [music]
[0:13] CBS Market Watch Weekend is brought to
[0:14] you by crucial.com, the memory experts.
[0:17] Coming up on CBS Market Watch Weekend, a
[0:20] number of brandame drugs are about to
[0:22] lose their patents. We'll tell you how
[0:23] the companies behind them are fighting
[0:25] to keep generics [music] out of the
[0:27] market. Plus, the Porsche Boxster, Honda
[0:29] Accord, and the BMW 5 Series. What do
[0:32] these cars have in common? Well, they're
[0:33] among the top 10 hottest cars for 2002.
[0:36] We'll show you which [music] others are
[0:38] revving up the new year. Plus, the other
[0:40] way to fly. Why charter travel is taking
[0:42] off. All that and more on CBS Market
[0:44] Watch [music] weekend.
[0:57] Hello and welcome to CBS [music] Market
[0:59] Watch weekend. I'm Susan McGinness. More
[1:01] Americans lost their jobs in December,
[1:03] but the losses are easing a bit, and
[1:05] that's giving some hope that the
[1:07] recession may be easing as well. The
[1:09] jobless rate rose to 5.8%, its highest
[1:12] level since mid 1995. Companies reported
[1:15] they laid off 124,000 people during the
[1:17] month. All told, the number of jobless
[1:20] Americans rose by 2.6 million in 2001 to
[1:23] 8.3 million people. Among them, nearly
[1:26] 318,000 jobs were lost at telecom
[1:29] companies. Computer companies announced
[1:30] more than 168,000 people shuttered, and
[1:33] the auto sector lost more than 133,000.
[1:36] This past week, Wall Street took the
[1:38] smaller drop in payrolls as a hopeful
[1:40] sign, and bid stocks higher again early
[1:42] Friday. The New Year's rally has some
[1:44] wondering if investors are setting
[1:46] themselves up for a fa