CBS Evening News - 2008-10-08

Name: CBS Evening News - 2008-10-08
Uploaded: 2025-09-14
Duration: 1248 s
Channel: malgent
Description: Read a transcript preview of “CBS Evening News - 2008-10-08” from malgent, uploaded on 2025-09-14.

Channel: malgent

Uploaded: 2025-09-14

Duration: PT1248S

Read a transcript preview of “CBS Evening News - 2008-10-08” from malgent, uploaded on 2025-09-14.

Transcript preview

Language: English (original, YouTube automatic captions)

[0:02] Tonight, a shot of adrenaline for the

[0:04] financial markets. Central banks around

[0:07] the world cut interest rates, but even

[0:09] that can't stop the slide on Wall

[0:11] Street. I'm Katie Kurrick. Also tonight,

[0:14] you heard what they said.

[0:16] >> It's my proposal. It's not Senator

[0:18] Obama's proposal.

[0:19] >> I am cutting more than I'm spending.

[0:21] >> We'll have a reality check and a

[0:24] different perspective on the candidates.

[0:27] What do you think is the best and the

[0:29] worst thing that has ever happened to

[0:31] this country?

[0:32] >> The latest installment of our special

[0:34] series, Presidential Questions.

[0:38] [Music]

[0:40] >> This is the CBS Evening News with Katie

[0:43] Kurrick.

[0:46] >> Good evening everyone. The outlook for

[0:48] the world economy is not good. Not

[0:50] according to a new report today from the

[0:52] International Monetary Fund. It's

[0:54] predicting a major slowdown. And here in

[0:57] the United States, an outright

[0:58] recession. To try to boost the economy,

[1:00] central banks around the world cut

[1:02] interest rates today, including a half

[1:04] point cut by the Fed. But it didn't

[1:06] reassure investors. The Dow lost another

[1:10] 189 points. Here's Anthony Mason.

[1:13] >> Another Wall Street rally failed and

[1:16] stocks tumbled for the sixth straight

[1:17] day despite an emergency rate cut by the

[1:20] Fed.

[1:21] >> No confidence. There's just no

[1:23] confidence out there.

[1:24] >> In an extraordinary global move, the

[1:26] Fed, the European Central Bank, and the

[1:28] central banks of England, Canada,

[1:31] Switzerland, and Sweden all slashed

[1:33] interest rates half a percent. The

[1:35] international rate cut was announced at

[1:37] 7 a.m. after overseas markets ha