CBS Evening News - 2000-01-04
Channel: malgent
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Duration: PT1296S
Read a transcript preview of “CBS Evening News - 2000-01-04” from malgent, uploaded on 2023-08-08.
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Language: English (original, YouTube automatic captions)
[0:01] running for the exits investors worried
[0:05] about higher interest rates dump stocks
[0:07] and send prices plummeted the man with
[0:10] his hand on the interest rate button is
[0:12] reappointed ahead of the Fed the
[0:15] widening anti-us bomb plot the latest on
[0:18] who may be involved and a possible
[0:20] motive plus health food stores rebel
[0:23] against genetically altered products
[0:27] this is the CBS Evening News
[0:32] with Dan Rather reporting from CBS News
[0:35] headquarters in New York
[0:38] good evening there was a huge sell-off
[0:40] on Wall Street today investors spooked
[0:42] again about the possibility of higher
[0:44] interest rates decided it was time to
[0:46] cash out and take some of the profits
[0:48] they made in 1999 that sent prices into
[0:51] a nosedive today the Dow plunged 359
[0:55] points falling below 11 000. the NASDAQ
[0:58] lost a record 229 points CBS News
[1:01] business correspondent Anthony Mason is
[1:03] on the market watch
[1:05] the bad news hit the NASDAQ shiny New
[1:07] Times Square headquarters hard the worst
[1:10] single session Point drop in history a
[1:12] five and a half percent plunge the Dow
[1:15] joined hands for the Swan Dive it's now
[1:17] lost nearly 500 points in the New Year
[1:19] first of all as they say in the old
[1:22] neighborhood we were cruising for a
[1:23] bruising we were vulnerable after the
[1:26] nasdaq's incredible 84 percent rise last
[1:29] year led by smoking technology stocks
[1:31] Traders say it was time to take profits
[1:34] there was no Panic on the floor but
[1:36] oddly the sell-off came the same day
[1:38] President Clinton nominated Alan
[1:41] Greenspan for a fourth term as Federal
[1:43] Reserve chairman he has created a
[1:46] tremendous confid