Nightly Business Report (PBS) - 2005-09-16

Name: Nightly Business Report (PBS) - 2005-09-16
Uploaded: 2026-01-07
Duration: 1663 s
Channel: malgent
Description: Read a transcript preview of “Nightly Business Report (PBS) - 2005-09-16” from malgent, uploaded on 2026-01-07.

Channel: malgent

Uploaded: 2026-01-07

Duration: PT1663S

Read a transcript preview of “Nightly Business Report (PBS) - 2005-09-16” from malgent, uploaded on 2026-01-07.

Transcript preview

Language: English (original, YouTube automatic captions)

[0:00] management.

[0:04] >> Wall Street closes out the week on a

[0:06] solid note with a day of good gains all

[0:08] around. Investors [music] accentuate the

[0:10] positive, another drop in oil prices,

[0:12] and eliminate the negative, a huge

[0:14] [music] slump in consumer confidence.

[0:16] The Dow closes up 83 points. The Nasdaq

[0:18] gains 14. President Bush says he's

[0:20] confident [music] the country can pay

[0:22] for the reconstruction of the Gulf

[0:24] Course after Katrina, and he won't raise

[0:26] [music] taxes to do it. The rebuilding

[0:28] effort could put the federal government

[0:30] deeper into debt by $200 billion or

[0:33] more.

[0:34] >> US Airways clears a major hurdle in its

[0:36] flight out of bankruptcy court. And it's

[0:39] not the only airline making progress

[0:40] today to close the book on Chapter 11.

[0:43] >> Tonight's [music] market monitor guest

[0:44] says stocks are facing post Katrina

[0:47] headwinds. So don't expect the market to

[0:49] make much progress in [music] the next

[0:50] few months. He's John Dorfman, president

[0:53] of Dorfman Investments.

[0:55] >> I'm Paul Kangas. and I'm Susie [music]

[0:57] Garup. This is Nightly Business Report

[0:59] for Friday, September 16th.

[1:02] >> Nightly Business Report [music] is made

[1:04] possible by

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[1:15] can help. AG Edwards for 118 years.

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[1:37] This program