World News Tonight (ABC) - 2001-07-27
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Read a transcript preview of “World News Tonight (ABC) - 2001-07-27” from malgent, uploaded on 2025-04-03.
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Language: English (original, YouTube automatic captions)
[0:00] M or for the forest service trying to
[0:02] turn it back in Wyoming the Pentagon
[0:05] issues a credit card and some employees
[0:08] go to town the boy who murdered his
[0:11] teacher gets 28 years in prison it could
[0:13] have been Life we'll talk to Lance
[0:15] Armstrong tonight on his way to a
[0:16] stunning third win in the world's
[0:19] greatest bicycle race and ABC's Mike Lee
[0:22] on the road to anywhere a family
[0:24] vacation that is not for the
[0:26] fainthearted
[0:31] from ABC News world headquarters in New
[0:34] York this is World News Tonight with
[0:38] Peter Jenning good evening everyone
[0:39] we're going to repeat that headline the
[0:41] economy is the weakest it has been in
[0:43] eight years the government said today
[0:45] that the broadest measure of the economy
[0:47] the gross domestic product grew by only
[0:50] 0.7% in the last quarter in the same
[0:53] quarter last year it grew
[0:56] 5.7% ABC's Bob Jameson is here tonight
[0:59] to explain what is bad about this and
[1:01] what if anything is good Robert Peter
[1:03] the economy barely had a pulse in the
[1:05] second quarter and the only reason it
[1:07] had a beat at all was because consumers
[1:09] continued to spend despite Rising
[1:11] layoffs at an uncertain stock market
[1:14] consumer spending which is 2third of the
[1:16] entire economy grew by a little more
[1:18] than 2% in the second quarter economists
[1:21] say that and a strong housing market are
[1:23] the only reasons the economy grew at all
[1:26] the resilient consumer consumer demand
[1:28] is continuing OB be at this slacker Pace
[1:31] than we've seen in Prior quarters but is
[1:34] holding up very nicely the big drag on
[1:37] the economy is still the lack of
[1:39] spending by companie