CNN - Moneyline News Hour and Crossfire - 2000-07-26
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Read a transcript preview of “CNN - Moneyline News Hour and Crossfire - 2000-07-26” from malgent, uploaded on 2025-12-28.
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Language: English (original, YouTube automatic captions)
[0:00] A lift roller coaster ride. [music]
[0:02] >> America's coffee giant out with more
[0:04] dismal news on profits. Can Xerox get
[0:07] itself out of a serious [music] jam.
[0:10] >> Late breaking results from Amazon. How
[0:12] much did it lose? How much longer will
[0:14] it bleed red ink? We'll go to Seattle to
[0:16] hear from Jeff Bezos.
[0:18] >> And hearings [music] to decide whether
[0:20] to pull the plug on Napster. The very
[0:22] latest on today's showdown in a San
[0:24] Francisco courtroom. [music]
[0:30] >> [bell]
[0:31] >> This is the Money Line NewsHour live
[0:34] from [music] New York and Los Angeles.
[0:37] >> Good evening everyone. I'm Willow Bay
[0:38] >> and I'm Stuart [music] Vanney. Good
[0:40] evening and welcome to Money Line. Our
[0:41] top story tonight, it was a Wednesday
[0:43] wash out on Wall Street. Stocks took a
[0:46] turn for the worse with blue chips
[0:47] leading the way lower. The Dow
[0:49] industrials posting the worst one-day
[0:51] decline in more than 5 weeks. Behind the
[0:53] turbulence, a sharp sell-off in chip
[0:56] stocks. Susan Lovich has more on a
[0:58] dismal day when not even a hero could
[1:00] help.
[1:02] >> Two-time tour to France winner and
[1:04] cancer survivor Lance Armstrong rang the
[1:06] closing bell, but inspiration from the
[1:08] champ might have been more helpful at
[1:10] the start of the session. The Dow Jones
[1:12] Industrial Average plunged 183 points or
[1:15] nearly 1 and 3/4% to finish at 10,516.
[1:19] The Nasdaq paired more than half of its
[1:21] loss, but still gave up 41 points and
[1:24] remained below 4,000 at 39.87.
[1:27] A major trigger for the sell-off,
[1:29] corporate profits coming up short of
[1:31] lofty expectations. LSI Logic matched
[1:34] Wall Street's estima