CBS Evening News - 2001-07-24
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Read a transcript preview of “CBS Evening News - 2001-07-24” from malgent, uploaded on 2025-04-01.
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Language: English (YouTube automatic captions)
[0:00] the fire also tonight the president
[0:02] visits US troops in covo he's not
[0:05] bringing them home potentially deadly
[0:08] West Nile Virus spreads in the South and
[0:11] I on America what the energy companies
[0:14] and the government won't tell you about
[0:16] price gouging CBS
[0:23] will this is the CBS Evening News with
[0:27] Dan Rather reporting from CBS News
[0:30] headquarters in New York good evening
[0:33] the Financial Security of millions of
[0:34] Americans is writing in what's happening
[0:36] now on Wall Street and in Washington in
[0:39] the capital the future of Social
[0:41] Security is at stake more about that in
[0:43] a moment but first the stock market
[0:45] where American workers have millions
[0:47] invested for retirement Wall Street is
[0:49] under a cloud of Gloom about falling
[0:52] corporate profits stocks fell still
[0:54] lower today the Dow down 183 points the
[0:57] NASDAQ lost 29 CBS is Jim axar Rod has
[1:01] the latest tonight on our
[1:04] economy Lucen the nation's largest maker
[1:07] of telecommunications equipment is one
[1:09] giant stock market disconnect citing
[1:12] poor earnings Lucent will slash 20,000
[1:15] jobs its stock is down 90% in 16 months
[1:20] now worth $140 billion less than a year
[1:23] ago 140 with a B yeah this is an
[1:27] enormous story because this this
[1:28] represents the worst of of the Carnage
[1:30] in the stock market today but Lucen is
[1:32] far from the only stock to go from
[1:34] darling to disaster for the last quarter
[1:36] corporate profits across the board are
[1:39] down 18% right now we're starting to see
[1:41] the second quarter earnings reports come
[1:43] in and they're awful Colgate palive
[1:45] Texas Instruments Exxon Mobile all had
[1:48] profit s