World News (ABC) - 2008-09-15
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Read a transcript preview of “World News (ABC) - 2008-09-15” from malgent, uploaded on 2025-09-13.
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Language: English (original, YouTube automatic captions)
[0:06] Welcome to World News. Tonight, stocks
[0:09] plummet. The worst day on Wall Street in
[0:12] 6 years as one of Wall Street's largest
[0:14] investment firms goes bankrupt and
[0:16] another is bought out. And yet, it could
[0:19] have been worse.
[0:21] Ike's aftermath, a first look at areas
[0:23] ravaged by the hurricane shows many
[0:25] homes were simply washed away. Millions
[0:28] are still without power and supplies are
[0:31] scarce.
[0:32] Train wreck, more than two dozen died in
[0:35] the LA rail disaster. Technology exists
[0:38] to prevent such accidents. Why wasn't it
[0:40] in place?
[0:42] And say a prayer. One woman's remarkable
[0:45] recovery has mystified doctors. Was it
[0:48] luck or was it the power of prayer?
[0:56] >> From ABC News headquarters, this is
[1:00] World News with Charles Gibson.
[1:02] >> Good evening. It doesn't take a
[1:04] financial expert to appreciate how rough
[1:07] and tumble this day was on Wall Street.
[1:09] The market held together for much of the
[1:11] day with only a 2 to 300 point loss. And
[1:14] then at the end of the trading day, the
[1:15] bottom fell out and in the final
[1:17] moments, the Dow dropped to a 504 point
[1:20] loss. Financial institutions are in
[1:23] trouble. 158-year-old Lehman Brothers
[1:26] filed for bankruptcy. Stock giant
[1:28] Merrill Lynch was sold after just 2 days
[1:31] of discussions. It is all a bit
[1:33] dizzying.
[1:34] Betsy Stark is here with more.
[1:36] >> Charlie, this was the day we were afraid
[1:38] to wake up to, the bankruptcy of one
[1:41] major Wall Street investment bank, the
[1:43] shotgun wedding of another. Some called
[1:45] it the end of an era, others a day of
[1:47] reckoning. But that 500 point drop in
[1:50] the Dow is telling us investors are