Nightly Business Report - 1999-12-21

Name: Nightly Business Report - 1999-12-21
Uploaded: 2025-09-29
Duration: 1728 s
Channel: malgent
Description: Read a transcript preview of “Nightly Business Report - 1999-12-21” from malgent, uploaded on 2025-09-29.

Channel: malgent

Uploaded: 2025-09-29

Duration: PT1728S

Read a transcript preview of “Nightly Business Report - 1999-12-21” from malgent, uploaded on 2025-09-29.

Transcript preview

Language: English (YouTube automatic captions)

[0:01] [Music]

[0:09] Y2K saves the day. The Fed smooths the

[0:13] way to 2000 by leaving interest rates

[0:15] unchanged and Wall Street celebrates the

[0:17] news. The Dow rallies 56 points and the

[0:20] Nasdaq blasts off to a new record

[0:22] skyrocketing 127 points. Good evening.

[0:26] I'm Paul Kangas in Miami

[0:28] >> and I'm Susie Garb in New York City.

[0:30] What are the experts saying about the

[0:31] Fed decision today? I talked with the

[0:33] top economist at AG Edwards. Also,

[0:36] internet retailers are dreaming of a

[0:38] green Christmas. We'll tell you why this

[0:40] is a makeorb breakak holiday season for

[0:42] eailers.

[0:44] >> Nightly Business Report is brought to

[0:46] you by Compact, makers of Compact

[0:50] Non-stop EBUS solutions, for companies

[0:52] who know that the online world never

[0:55] stops. So their information systems

[0:57] can't stop either.

[1:00] Franklin Templeton serving investors for

[1:02] over 50 years. Franklin Templeton and

[1:06] Mutual Series. Investment products

[1:09] distributed by investment professionals.

[1:12] The financial consultants of AG Edwards.

[1:16] Committed to making investors

[1:17] comfortable with their investments, with

[1:20] their futures. AG Edwards. Be

[1:23] comfortable.

[1:25] and is produced in association with

[1:27] Bridge, the global financial information

[1:30] company, providing real time and

[1:33] historical market data, analysis, and

[1:36] news.

[1:38] >> Good evening everyone. Alan Greenspan

[1:40] gave investors the Christmas present

[1:42] they were hoping for. No change in

[1:44] interest rates. The news from the

[1:45] chairman of the Federal Reserve today

[1:47] resulted in an explosive rally on Wall

[1:49] Street. A tripledigit gain on the NASDAQ

[1:52] pushing it to another r