CBS Evening News - 2008-12-16
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Read a transcript preview of “CBS Evening News - 2008-12-16” from malgent, uploaded on 2025-01-29.
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Language: English (original, YouTube automatic captions)
[0:02] for more news you can go to cbs4.com or
[0:04] listen to our radio partner wiod see you
[0:07] at 11 tonight the FED slashes interest
[0:10] rates to the lowest level ever as it
[0:12] vows to do everything it can to fix the
[0:14] economy W Street responds with a big
[0:17] triple digigit rally I'm Katie kurick
[0:20] also tonight the case John Walsh Most
[0:22] Wanted solved finally is the murder of
[0:26] his six-year-old son Adam 27 years ago
[0:30] the not knowing has been a
[0:32] torture but
[0:34] uh that Journey's over and it's one of
[0:37] the most dangerous places on Earth and
[0:39] it's right next door my husband was
[0:43] killed um his body hasn't been recovered
[0:47] the drug war in Mexico now crossing the
[0:55] border this is the CBS Evening News with
[0:58] Katy kurk
[1:00] [Music]
[1:02] good evening everyone the Federal
[1:04] Reserve says the economy bad as it is is
[1:07] getting worse and it's ready to use
[1:08] every weapon in its Arsenal to turn it
[1:11] around beginning with this free money
[1:13] the FED cut a key interest rate today to
[1:16] as low as 0% that's the rate Banks
[1:18] charge each other for overnight loans
[1:20] and it's the lowest rate ever Wall
[1:23] Street responded with a big three-digit
[1:25] thank you the Dow soared nearly 360
[1:28] points Anthony Mason has has more about
[1:30] the interest rate cut and what else the
[1:32] FED is ready to
[1:34] do with no Silver Bullet for the economy
[1:37] the FED fired a shotgun blast in
[1:40] slashing its Benchmark interest rate to
[1:42] the lowest level ever the FED said rates
[1:44] were likely to remain at exceptionally
[1:46] low levels for some time Bernan and
[1:49] Company also promised to use all
[1:51] available tools to turn the economy
[1:53] around tran