World News Tonight (ABC) - 1998-09-08

Channel: malgent

Transcript

Language: English (original, YouTube automatic captions)

[0:02] On World News Tonight this Tuesday,

[0:04] another record day on Wall Street. This

[0:06] time the market was going up. The

[0:09] hottest political potato in Washington.

[0:11] Kenneth Stars report to Congress on the

[0:13] president and Monica Lewinsky. Not very

[0:16] long now. And why America is so stuck in

[0:20] traffic. We'll take a closer look.

[0:30] From ABC News World Headquarters in New

[0:32] York, this is World News Tonight with

[0:36] Peter Jennings.

[0:37] >> Good evening. It's only been a week.

[0:38] Last week at this time, we were trying

[0:40] to explain why the stock market had

[0:42] suffered through its second greatest

[0:44] point loss ever. And today, when the

[0:46] market went up 380 points, it set a

[0:49] record in the other direction. Just take

[0:51] a look at the graphic. That's what the

[0:52] market did last week, losing 5.1%

[0:56] of its value from Monday to Friday.

[1:00] And there is today. When the market

[1:03] closed up this afternoon, it was

[1:04] slightly above where it was at the very

[1:07] beginning of this year. And the NASDAQ

[1:09] was up today, up more than 94 points,

[1:11] which is also a record. There are

[1:13] several clues to what's been happening,

[1:15] but first, the action. And here's ABC's

[1:17] Betsy Stark.

[1:20] It was a spectacular rally that kept on

[1:22] gaining through the final hour. The Dow

[1:25] industrials wiped out last week's

[1:27] devastating losses completely. It was a

[1:29] worldwide buying spree of stocks that

[1:32] began in Asia and continued in Europe

[1:34] before heading here.

[1:37] Though many major stocks are still well

[1:39] off their highs of just 6 weeks ago,

[1:41] they made up significant ground today.

[1:44] Last week, McDonald's stood at 55 a.5.

[1:47] Today it closed at nearly 64 and a half.

[1:50] City Corp is up more than nine from a

[1:52] week ago. Amazon.com more than 27. There

[1:56] was little doubt what drove the rally.

[1:58] Most investors interpreted remarks made

[2:01] last Friday by Federal Reserve Chairman

[2:03] Alan Greenspan as a hint the Fed might

[2:06] lower interest rates in an effort to

[2:08] keep the US economy growing. It is just

[2:10] not credible that the United States can

[2:13] remain an oasis of prosperity

[2:16] unaffected by a world that is

[2:19] experiencing greatly increased stress.

[2:23] >> The market had excessively corrected on

[2:26] the downside and was looking for a

[2:27] reason to rally on the upside. I think

[2:29] Greenspan provided it.

[2:31] >> Market optimists believe the worst may

[2:33] now be over, but others remain

[2:35] suspicious of today's about face. Asia

[2:38] and Russia remain mired in crisis. Japan

[2:41] remains reluctant to help itself or the

[2:44] rest of Asia, and trouble still looms in

[2:46] our own backyard in Latin America. Aside

[2:49] from that one hint of an interest rate

[2:51] cut, the world looks a lot like it did

[2:53] last week, which means more

[2:55] gut-wrenching rides in the stock market

[2:57] are probably ahead. Betsy Stark, ABC

[3:00] News, New York.

[3:02] >> First, what else might have happened

[3:03] today? We are joined this evening by

[3:04] Steve Schwarz, the editor-in chief of

[3:06] Smart Money Magazine. We heard all those

[3:08] hints about interest rates. Anything

[3:09] else going on?

[3:10] >> Well, the the world economy is still

[3:12] quite troubled and what the markets will

[3:14] be looking for in the weeks to come are

[3:17] Japan to take some concrete steps to

[3:19] stimulate its economy. Uh Latin American

[3:22] countries to shore up its economy. So,

[3:24] Greenspan's comment about interest rates

[3:27] took some pressure off the world

[3:28] situation, but it's just a good first

[3:30] step.

[3:31] >> And what about what Betsy had to say

[3:32] about gut-wrenching rise? Is this what

[3:34] the investor has to look forward to in

[3:35] the weeks and months ahead? We think

[3:36] there's going to be a lot more

[3:38] volatility until the uncertainty ends,

[3:41] until there's some solution worldwide to

[3:43] the crisis afflicting us. So for

[3:45] investors, uh this is not a great time

[3:48] to commit more money to the market. It's

[3:50] also not a great time to sell.

[3:51] >> And as traditional advice therefore

[3:53] holds, protect and pay attention to your

[3:55] own portfolio.

[3:57] >> Absolutely.

[3:57] >> Great. Thank you, Steve, very much,

[3:58] Steve Schwarz, Money Magazine. In a

[4:00] moment, we'll have some of the day's

[4:01] other news. President Clinton facing the

[4:03] prospects of the independent council's

[4:05] report and facing Democrats on the edge

[4:09] and the $9 ball that could be worth who

[4:12] knows what happens to number 62.

[4:18] This is World News Tonight with Peter

[4:20] Jennings, brought to you by Pillsbury

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[4:26] What's the difference between Pillsbury

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[4:56] >> Three things I always do before our big

[4:57] family picnic. Bring my spicy bean dip.

[5:00] Make sure there's enough fried chicken

[5:01] for everyone. And I always take a Pepsi

[5:04] AC.

[5:05] >> Whatever's cooking, Pepsi AC can stop

[5:06] heartburn before it starts. You can be

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[5:12] week, the Publishers Clearing House

[5:13] Prize Patrol has no van to drive and no

[5:15] checks to deliver.

[5:18] Because this week, Publishers Clearing

[5:19] House is putting thousands of real

[5:21] checks right in the mail. If you get an

[5:23] envelope with this green star, open it

[5:26] and you can find a real check for

[5:28] $100,000 that you can take right to the

[5:30] bank. So this week, the Prize Patrol

[5:32] will have to find something else to do.

[5:34] >> Yes. Nice one. Watch for a publishers

[5:37] clearing house envelope with a green

[5:38] star. There could be a real check

[5:40] inside.

[5:42] Now that Labor Day is over, Washington

[5:44] is getting back to politics in a big

[5:45] way. And politics in a big way is

[5:47] Candace Star's pending report to

[5:49] Congress in the Monica Lewinsky

[5:51] investigation. President Clinton was out

[5:53] today campaigning for education policy,

[5:55] his education policy, and today he got a

[5:58] very public taste of how he's going to

[6:00] be treated by some other Democrats.

[6:03] Here's ABC's Sam Donaldson.

[6:09] There was the president at a Silver

[6:10] Spring, Maryland school to talk about

[6:12] educational needs, and there was the

[6:14] state's lieutenant governor, Kathleen

[6:15] Kennedy Townsen, by his side. But the

[6:18] governor, Democrat Paris Glendenning,

[6:20] was absent. Up for reelection this year,

[6:23] Glenn Denning chose to campaign in the

[6:25] Baltimore suburbs.

[6:26] >> I made a commitment to be here and I'm

[6:28] pleased to be here.

[6:31] >> Leaving Mr. Clinton to shake hands with

[6:32] the school children in Silver Spring

[6:34] under the disapproving eyes of a small

[6:36] band of demonstrators just down the

[6:38] street all by himself. The message, the

[6:41] president is seen by Glendenning as a

[6:43] liability, not an asset. Other Democrats

[6:46] are stepping up to step out of the

[6:48] Clinton orbit as well. California

[6:50] Senator Barbara Boxer, also in a

[6:52] re-election battle this year, spoke

[6:54] today on the Senate floor.

[6:56] >> We certainly know about the president's

[6:58] relationship.

[6:59] >> It was wrong. It was indefensible. And

[7:02] in any case, he should have taken

[7:04] responsibility much earlier.

[7:06] >> Indeed, Senate Democratic leader Tom

[7:08] Dashel said if voters don't like what

[7:10] the president has done, they should take

[7:11] it out on him, not other Democratic

[7:14] candidates. This is a matter relating to

[7:16] one individual and they'll have to pass

[7:18] judgment on the president and uh and

[7:20] they will do so.

[7:21] >> Aids to the president say Mr. Clinton is

[7:23] angered by these Democratic defections,

[7:25] but as a seasoned politician himself, he

[7:27] understands it. Tomorrow morning, he'll

[7:29] meet with House Democratic leaders to

[7:31] discuss the effects of this scandal,

[7:32] among other things. And all week long,

[7:35] he's going to be talking to a wide range

[7:36] of people asking advice as to how he

[7:39] should react when the independent

[7:40] council's report is made public. White

[7:43] House officials say a number of ideas

[7:44] are kicking around but nothing is set.

[7:47] And the fact is, Peter, one gets the

[7:49] strong impression that as far as

[7:50] strategy goes now, they're making it up

[7:53] on a day-to-day basis. Sam Donaldson in

[7:56] Washington. Now, the Star Report itself,

[7:58] we do not know all of the details, but

[7:59] we do know it will be long and it will

[8:01] be tough and it may well be graphic.

[8:03] ABC's Jackie Jud is in Washington.

[8:07] Sources familiar with Ken Star's

[8:09] investigation of the president say an

[8:11] executive summary has been drawn up that

[8:13] will read like an indictment alleging

[8:16] perjury, witness tampering, obstruction

[8:18] of justice, and abuse of power. It will

[8:21] be followed by nearly a thousand pages

[8:23] of documentation, including Laura

[8:26] details of Mr. Clinton's encounters with

[8:28] Monica Lewinsky to demonstrate the

[8:31] president lied under oath when he denied

[8:33] having sexual relations with her.

[8:36] Sources also tell ABC News that a copy

[8:38] of Mr. Clinton's videotape testimony

[8:40] from last month also will be sent to

[8:43] Congress. Star's office is now working

[8:46] in near roundthe-clock shifts. Sources

[8:48] say all the material for the report is

[8:50] being funneled through two key

[8:52] prosecutors, Brett Kavanaaugh, a

[8:54] constitutional expert, and Steven Bates,

[8:57] an author of several books. And late

[8:59] today, Star rejected that request from

[9:02] Mr. Clinton's attorney that he get an

[9:04] advanced copy of the report, but

[9:06] advisers hope they still may have gained

[9:09] something in the process. The chance to

[9:11] argue again that Star is an unfair

[9:14] prosecutor. Jackie Jud, ABC News,

[9:17] Washington.

[9:18] >> In Washington today, for the third time

[9:19] in a month, the attorney general, Janet

[9:21] Reno, has begun a 90-day investigation

[9:24] into whether an independent council

[9:26] should be appointed to look at

[9:27] Democratic campaign fundraising. This

[9:30] one focuses on whether the Clinton

[9:31] campaign illegally used the Democratic

[9:33] Party's so-called issue ads to evade

[9:36] spending limits during the 1996

[9:39] campaign. When we come back, nuclear

[9:42] workers unpaid, upset, and letting

[9:44] everyone know about it in Russia and

[9:46] elsewhere. So why the rest of the world

[9:48] should be concerned?

[9:56] >> Barney's here. Let's see a fuel injector

[9:58] for a Ford Pro. A starter for a Saab.

[10:02] >> See you tomorrow, Marty.

[10:03] >> Now get Pens Oil motor oil. Just 89

[10:06] cents a quart.

[10:06] >> Pep Boys. Cars like us.

[10:08] >> People love us.

[10:11] >> Right. Seattle. I start my job on

[10:13] Monday. I want to do something about my

[10:15] retirement plan.

[10:16] >> Okay, no problem.

[10:18] >> Jane Andy, please.

[10:22] >> Looks like your hands are pretty full

[10:23] there. Don't worry about this. Our

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[10:28] you avoid penalties. We can also help

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[10:31] >> Thanks. You've been a really big help.

[10:34] >> Oh, good. Good luck with the move.

[10:40] >> Oh my gosh, it's late. I better make you

[10:43] some dinner. Look, Mommy.

[10:49] It's beautiful. Honey,

[10:52] you know what? I'm going to make

[10:54] something special for you, too. Tonight,

[10:56] make them something that comes from the

[10:57] heart, not the freezer. Campbell soup

[10:59] and sandwiches. Dinner with a lot of

[11:01] love. That's not a lot of time. So, what

[11:03] else are you learning in school today?

[11:06] >> Chilling.

[11:07] >> Campbell. Good for the body, good for

[11:09] the soul.

[11:11] When I've only got an hour a night to be

[11:13] a good dad.

[11:14] >> Dad, let's move.

[11:16] >> I wolf down dinner. No wonder I end up

[11:18] with after dinner heartburn.

[11:21] >> I'll be back, guys.

[11:23] Good thing Mockox goes to work fast.

[11:25] >> 1 minute. Cooling quickly. Mocks goes to

[11:28] work on stomach acid in 1 minute. Epsid

[11:30] AC could take over 45 minutes to affect

[11:33] acid.

[11:33] >> I can beat after-dinner heartburn, but

[11:36] not the nights of

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[11:42] If you can do this, you can make wood

[11:44] beautiful with Minwax. And if you can do

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[11:52] beautiful home is as easy as turning to

[11:54] Minwax.

[11:56] >> In Nova Scotia today, several more

[11:58] clues, but no absolute answers in the

[12:00] crash of Swiss Air Flight 111.

[12:02] Investigators revealed today they have

[12:03] found signs of what they call heat

[12:06] stress on small pieces of the plane's

[12:09] cockpit. They also say the flight data

[12:11] recorder showed many irregularities well

[12:13] before the crash. Focus of the

[12:15] investigation now is on possible

[12:17] electrical problems. A charter jet

[12:20] belonging to a Swiss Air subsidiary had

[12:22] to return to Halifax airport last night

[12:24] because of smoke on board. The Balair

[12:26] flight was on the second leg of a trip

[12:28] from Zurich to Vancouver with a stop in

[12:30] Halifax. No one was injured. The company

[12:32] said a short circuit caused the smoke.

[12:35] In Russia today, no resolution to the

[12:38] political crisis, no money to pay the

[12:41] workers, and a very clear reminder to

[12:43] the rest of the world of how dangerous

[12:45] all this is. ABC's Jim Mutton's in

[12:47] Moscow.

[12:49] This is not just another protest by

[12:52] unpaid Russian workers. These

[12:54] demonstrators make and maintain Russia's

[12:57] 17,000 nuclear weapons and run its

[13:00] dozens of nuclear power plants, a

[13:03] million strong. They're very unhappy and

[13:05] threatening to strike. Some already

[13:08] have, and if they all do, leaving

[13:10] Russia's aging nuclear apparatus

[13:12] untended, it could be a calamity waiting

[13:15] to happen. Another Chernobyl warns one

[13:18] of the leaders of their union.

[13:20] >> Ivan Gordadov says the current state of

[13:23] affairs could easily lead to an

[13:25] accident.

[13:28] Even if they are working, says Alexander

[13:30] Timoff, who dismantles nuclear weapons,

[13:33] a hungry person's mind is not on his

[13:36] work, and that could cause a tragic

[13:38] mistake.

[13:41] That may be an exaggeration, but

[13:43] thousands of these workers, once among

[13:45] the best paid in the old Soviet Union,

[13:48] haven't been paid in months. The

[13:50] government has run out of money, and

[13:51] that makes international experts

[13:53] nervous. Mr. Graditov says he's nervous,

[13:57] even about himself, what he and others

[14:00] might do on the job.

[14:03] >> If I'm angry, I could do anything. He

[14:05] says, not only by mistake, but even

[14:08] intentionally.

[14:10] There are real concerns here. Just

[14:12] yesterday, two smugglers from former

[14:14] Soviet republics were arrested in Turkey

[14:16] trying to sell stolen uranium and

[14:18] plutonium. And with a million nuclear

[14:21] technicians in Russia now, all of them

[14:23] unpaid, no one is suggesting that cannot

[14:26] happen again. Jim Wooten, ABC News,

[14:29] Moscow. Still overseas, how bad is the

[14:32] flooding in Bangladesh this year? The

[14:35] entire capital city of Dhaka is on the

[14:37] verge of going under after 2 months of

[14:39] monsoon rain. There is so much fear of

[14:41] disease the government is handing out

[14:43] clean water to residents standing in

[14:46] flood water up to their waist. Nearly

[14:48] 800 people have died and the waters may

[14:51] not even begin to go down until next

[14:53] week. A horrifying accident reported

[14:56] today in Brazil. 50 people on the way

[14:57] home from a religious festival were

[15:00] killed when a tanker truck carrying

[15:02] diesel fuel flipped over, rammed by two

[15:05] tour buses on a highway north of S.

[15:06] Paulo. The spill fuel caused the truck

[15:09] and the buses to explode and dozens of

[15:12] people in the buses burned to death.

[15:15] We'll be back in a moment and take a

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[17:37] even friends can't tell.

[17:43] We're going to take a closer look at

[17:44] commuting tonight. Though it might seem

[17:46] a cruel thing to do now that summer is

[17:48] officially over. But there's nothing

[17:50] like the day after Labor Day to remind

[17:52] us that life returns to normal. There's

[17:55] normal Los Angeles this morning. And

[17:57] increasingly it is the same situation in

[17:59] any number of American cities. The

[18:01] average American commutes about 5800 m a

[18:05] year now. ABC's Barry Sarifan reports

[18:08] tonight on the pain

[18:12] southbound avoided like a bad rap.

[18:15] >> No mercy for folks making their way

[18:16] through county on.

[18:18] >> If you live and work in an urban area,

[18:21] you probably know how Atlanta

[18:22] commodities broker Jim Miller feels in

[18:25] the morning. But I just cannot stand the

[18:26] traffic that you have to go through to

[18:27] get uh from one place to another in the

[18:29] city.

[18:29] >> And how advertising coordinator Andrea

[18:32] Latimore feels on her way home.

[18:34] >> This is awful. You know, you're tired

[18:37] from your day, especially if you've had

[18:38] a hard day. This is what causes road

[18:40] rage.

[18:41] >> Ironically, economic prosperity is

[18:43] partly to blame. Few cities have grown

[18:46] as fast as Atlanta in recent years, and

[18:49] traffic has grown along with it. The

[18:51] average motorist here drives 36 1/2 m a

[18:54] day. the longest commute in America.

[18:57] >> If you add the 3 million people in

[18:59] Atlanta together, we all drive over 100

[19:02] million miles a day. And that's like

[19:04] driving from here to the sun.

[19:06] >> Atlanta's rapidly expanding metro area

[19:08] is now 100 miles across. That kind of

[19:12] growth has produced a dramatic change in

[19:14] commuting patterns, but the system of

[19:17] roads and rails originally designed for

[19:20] commuters remains largely unchanged. And

[19:23] that has made traveling to and from work

[19:26] even tougher. Highways in Atlanta, like

[19:29] most other cities, were meant to carry

[19:30] commuters from the suburbs to downtown

[19:32] and back. They built a perimeter highway

[19:35] to help get people around the city. But

[19:37] it is now choked with traffic going from

[19:40] suburb to suburb. That is just what's

[19:42] happening around the nation. 36 million

[19:45] commuters now drive from one suburb to

[19:47] another, more than double the number

[19:50] traveling to center cities. Atlanta

[19:52] struggles to deal with its commuter

[19:54] problems with the help of 500 roadside

[19:57] cameras that feed images into a

[19:59] sophisticated traffic center, but they

[20:01] do not solve the problem.

[20:03] >> Yeah, there's another accident back

[20:04] there.

[20:04] >> It's a dark color

[20:06] >> because the system mainly monitors

[20:08] downtown arteries, not congested

[20:10] suburban highways. Rail service 2

[20:13] primarily serves downtown commuters.

[20:15] Some companies such as Georgia Pacific

[20:17] are trying to encourage van pools. I

[20:20] save approximately 18,000 miles per year

[20:24] on my car,

[20:25] >> but there are few takers. One reason is

[20:28] what traffic experts call trip chaining.

[20:31] Many motorists make stops during their

[20:33] daily commute to take care of personal

[20:35] errands. Urban planners say more mass

[20:38] transit is needed and smarter growth,

[20:40] bringing homes and jobs closer together.

[20:43] But the sprawling Atlanta area is

[20:46] blocked from pursuing the most obvious

[20:48] answer. Because of the air pollution

[20:50] already produced by all of the traffic

[20:52] here, the metro region is prohibited

[20:55] from using federal highway funds to

[20:57] build any more roads. Barry Sorrow from

[21:00] ABC News Atlanta. Well, take heart. At

[21:03] least hang on. There is help out there.

[21:06] Mind you, it's expensive, too. But in

[21:08] the absence of more roads, there are

[21:10] some interesting experiments.

[21:12] Information is the key.

[21:15] >> Welcome to Smart Travelers.

[21:17] >> 40,000 Boston commuters with car phones

[21:20] have subscribed to a service that gives

[21:22] them up totheminute road conditions.

[21:24] >> Big problems if you're traveling on the

[21:25] mass like east.

[21:26] >> Trouble spots on the major roads into

[21:28] Boston are monitored by television

[21:30] cameras. When drivers call in, they hear

[21:32] which roads are overcrowded.

[21:34] >> Here is the travel report.

[21:36] 20,000 commuters say their driving time

[21:39] has been cut considerably. In Seattle,

[21:42] you can buy a wristwatch pager for $80.

[21:45] And a main computer with your driving

[21:47] route on record will beep you if there's

[21:49] a problem on your route.

[21:52] And here's a glimpse of the future. an

[21:55] experimental stretch of highway near San

[21:57] Diego where vehicles with onboard

[21:59] computers receive signals from magnets

[22:02] placed along the roadway that keeps all

[22:05] the cars going at the same speed at the

[22:08] same distance from one another. Someday

[22:11] the engineers envision a whole stream of

[22:12] cars going 90 mph only inches apart and

[22:16] safely. That's the kind of

[22:18] bumperto-bumper traffic anyone can

[22:20] appreciate. What you didn't know was

[22:22] animation, right? sometime in the

[22:24] future. In a moment, what happens to

[22:25] number 62 after it leaves the park?

[22:35] We know all about it. Some people throw

[22:37] away the Publishers's Clearing House

[22:38] sweep stakes without even opening it up.

[22:40] Well, this week that could be a costly

[22:42] mistake because this week if you throw

[22:45] away a Publishers's Clearing House

[22:46] envelope with this green star, you could

[22:48] be throwing away a real check for

[22:50] $100,000. There are thousands of real

[22:53] checks right inside selected envelopes

[22:54] marked with a green star. Checks you can

[22:56] take right to the bag. So watch for a

[22:59] publishers clearing house envelope with

[23:01] a green star. There could be a real

[23:03] check inside.

[23:04] >> An Klein Eyewear by LXica. What do you

[23:07] want people to see? I want you to see

[23:09] fearlessness, the unexpected.

[23:12] I want you to see you don't need words

[23:15] to make a statement. Let them see you in

[23:17] an Klein eyeear by Luxotica.

[23:20] While paramedic Dave Mloud checked the

[23:22] equipment before the day's first call,

[23:24] someone else was on realtor.com helping

[23:27] Dave's family search for their first

[23:29] home. Later, as he was racing to his

[23:31] sixth call, someone else was at the bank

[23:34] reviewing Dave's mortgage. And while

[23:36] Dave was helping deliver a healthy set

[23:38] of twins who couldn't wait for the

[23:40] hospital, someone else was delivering

[23:42] his cashier's check to the title

[23:44] company. You've got a life. We let you

[23:46] live it. We're realtors. Real estate is

[23:49] our life. You can get your dentures

[23:51] fresh or extra fresh.

[23:55] Only effort and plus has Listerine

[23:57] ingredients to get them extra fresh.

[24:02] Effort and Plus. The plus is extra

[24:04] freshness. What happens when the best

[24:06] journalists in television come together.

[24:08] Stories that touch your life. The new

[24:11] 2020. See it Sunday, Wednesday, and

[24:14] Friday. The New 2020. three nights a

[24:17] week beginning Wednesday, September

[24:19] 16th.

[24:21] >> Just a brief review of the main story.

[24:23] The Dow Jones Industrials rose 380

[24:25] points today. That's the biggest point

[24:26] gain there's ever been in a single day.

[24:29] Most investors were apparently reacting

[24:30] to remarks made last week by the Federal

[24:32] Reserve Chairman Alan Greenspan, which

[24:35] investors interpreted to mean that the

[24:37] Fed would consider lowering interest

[24:38] rates to keep the US economy growing. So

[24:42] finally from us this evening now it is

[24:44] 62 home runs that has everyone's

[24:46] attention. One more than Roger Maris's

[24:49] record that Magguire tied yesterday.

[24:50] Another game tonight between St. Louis

[24:52] and Chicago. Maguire and Sammy Sosa.

[24:55] Huge crowds for batting practice today.

[24:57] They're the easy ones of course to hit

[24:59] into the stand and they'll be great

[25:00] souvenirs someday. But nothing like the

[25:03] one that marks 62. ABC's Dean Reynolds

[25:06] tonight on Maguire Watch in St. Louis.

[25:11] Mark Magguire's home run balls begin

[25:14] life as nondescript nine buck circles of

[25:16] cowh high, but the worth of number 62

[25:19] could fly as high as the tape measure

[25:21] shots Maguire has lofted in parks all

[25:23] over the country.

[25:26] >> To say that it could fetch upwards of a

[25:28] million dollars would not be out of the

[25:29] question.

[25:30] >> Fans here were debating all day what

[25:32] they should do with 62.

[25:34] >> Money or no money, I just think it

[25:36] belongs to Mark Magguire. If you give

[25:38] the ball to Mark Magcguire, you're going

[25:40] to be a hero with a lot of your family

[25:41] and friends.

[25:41] >> Absolutely.

[25:42] >> If if you don't, if you sell it now,

[25:43] you're a greedy sob.

[25:45] >> While those retrieving earlier drives

[25:47] have been risking life and limb to get

[25:49] them, not to mention being practically

[25:51] frog marched from their seats by guards

[25:53] protecting the genuine article.

[25:55] >> Mark Maguire, baby.

[25:57] >> Most have just given the balls back.

[26:00] Pleasure. Great grab, huh? Did you grab

[26:01] it in the air? No. It rolled to me. for

[26:04] giving them back. The fans got

[26:05] autographed bats, a Meguire jersey, even

[26:08] their very own press conference, if you

[26:10] call that a thrill. But there's a huge

[26:12] gap between the runners up and the

[26:14] record breaker. This fellow said today

[26:16] he would pay a million dollars for

[26:18] number 62, so he can use it as a

[26:21] promotional tool.

[26:21] >> It's an instant recognizable

[26:24] piece to have. If you say you own this

[26:26] piece, that's good for your company

[26:28] forever. You'll always be known as the

[26:29] company that handle this piece. A

[26:31] favorite target for Mark Maguire is way

[26:33] up here in the left field bleachers at

[26:35] Bush Stadium. The fans here are always

[26:37] primed as well they should be because it

[26:40] takes about 10 seconds at the most for a

[26:43] home run ball from Meguire to reach

[26:45] their section. They have to be very

[26:47] quick and very lucky to get one. Dean

[26:50] Reynolds, ABC News, St. Louis.

[26:52] >> Just one footnote to this. You may have

[26:54] heard these reports floating around

[26:55] today that if the person who catches the

[26:57] ball gives it back to Mark Maguire,

[26:59] somehow they would be subject to gift

[27:01] taxes by the Internal Revenue Service.

[27:03] No way, says the IRS Commissioner

[27:06] Charles Rosian fairly quickly.

[27:08] Sometimes, he said, the tax code can be

[27:10] as hard to understand as the infield fly

[27:12] rule. The fan who gives back the ball

[27:15] deserves a round of applause, not a tax

[27:18] bill. When it happens, we'll be there.

[27:21] That's our report on World News Tonight.

[27:22] Don't forget Night Line. I'm Peter

[27:24] Jennings. Have a good evening. Hope

[27:25] we'll see you tomorrow. Good night.

[28:06] Tomorrow, the Clinton scandal from

[28:08] Washington to your front door. Think

[28:10] your community is not affected? Watch

[28:12] this. A closer look on ABC's World News

[28:14] Tonight with Peter Jennings. This has

[28:16] been a presentation of ABC News. More

[28:19] Americans get their news from ABC News

[28:21] than from any other source. ABC News.