CBS Evening News - 2002-07-23
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Read a transcript preview of “CBS Evening News - 2002-07-23” from malgent, uploaded on 2025-12-23.
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Language: English (original, YouTube automatic captions)
[0:00] dead. Oh, what a
[0:02] >> as new questions are raised about the
[0:04] role of two major banks in the Enron
[0:08] shady accounting scandal. A double hit
[0:11] for seniors. Promises of Medicare
[0:14] prescription drug coverage are
[0:16] evaporating as rapidly as retirement
[0:19] savings.
[0:21] A newborn found dead. Planned Parenthood
[0:25] resists police efforts to find out who
[0:27] the mother might have been. And a symbol
[0:30] of America has a new home in a most
[0:34] unlikely place.
[0:41] This is the CBS Evening News with Dan
[0:45] Rather reporting from CBS News
[0:47] headquarters in New York.
[0:49] >> Good evening. Wall Street's summer
[0:51] markdown sale was extended another day,
[0:54] but investors still are not ready to
[0:56] buy, especially after more new corporate
[0:59] accounting questions arise. After an
[1:02] antsy up and down session during the
[1:03] day, the Dow finished with a loss of 82
[1:06] points. If there's any good news, it was
[1:08] the smallest loss for the blue chips in
[1:10] a week, double digits today instead of
[1:13] triple. As CBS's Anthony Mason reports,
[1:16] the market decline this day was led by
[1:18] two major financial institutions
[1:21] suddenly accused in the notorious Enron
[1:24] accounting scandal.
[1:26] The gravity of pessimism pulled the
[1:28] markets down again today.
[1:30] >> We're still in a in a self-feeding
[1:32] frenzy. I think
[1:33] >> the country's two biggest banks accused
[1:35] of aiding Enron's accounting fraud led
[1:38] the decline. Cityroup fell 15%. JP
[1:41] Morgan Chase lost 18%. Together they
[1:44] accounted for twothirds of the Dow's 80
[1:47] point plunge.
[1:48] >> Psychology is very tender at this
[1:50] juncture and investors are selling first
[1:52] and asking questions la