CBS Evening News - 1998-10-01
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Duration: PT1730S
Read a transcript preview of “CBS Evening News - 1998-10-01” from malgent, uploaded on 2025-03-14.
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Language: English (original, YouTube automatic captions)
[0:00] Hood
[0:01] does down they go again stock prices
[0:04] plunge on Wall Street amid a world of
[0:07] worries including the stability of hedge
[0:10] funds cat and mouse in Kosovo the US
[0:13] warned Serbia to call off its Crackdown
[0:15] or face the bombs of NATO two brothers
[0:19] who pushed police to solve the murder of
[0:21] their parents have now been charged with
[0:23] the crime and ey on America schools
[0:26] where just talking about violence can
[0:29] get even a young young child
[0:33] expelled this is the CBS Evening
[0:37] News with Dan Rather reporting from CBS
[0:40] News headquarters in New York good
[0:42] evening Wall Street took another big hit
[0:45] today part of a worldwide stock sell-off
[0:47] the Dow Jones Industrial Average went
[0:49] down 210 points and is now 18% below the
[0:52] record high set just 11 weeks ago some
[0:56] investors are dumping stocks concerned
[0:58] about the impact of the World Financial
[1:00] turmoil and the stability or instability
[1:03] of so-called hedge funds CBS News
[1:06] business correspondent Anthony Mason has
[1:08] our report including why these big money
[1:11] outfits these hedge funds are so
[1:15] important stocks were battered badly for
[1:18] the second straight day the Dow has lost
[1:20] 450 points in 48 hours the NASDAQ lost
[1:24] 5% today alone like the proverbial straw
[1:28] on the cattle's back uh small crisis
[1:30] after small crisis and some not so small
[1:33] crisis have kind of burdened the marget
[1:35] down the latest crisis to worry Wall
[1:37] Street the near collapse of John
[1:39] merryweather's long-term capital hedge
[1:42] fund which had a trillion dollars
[1:44] invested most of it with borrowed money
[1:46] fed chairman Alan Greenspan was on
[1:48] Cap