CBS Evening News - 2001-04-27
Channel: malgent
Uploaded:
Duration: PT1260S
Read a transcript preview of “CBS Evening News - 2001-04-27” from malgent, uploaded on 2024-08-10.
Transcript preview
Language: English (YouTube automatic captions)
[0:01] Still pretty healthy, still growing. The
[0:03] US economy shows surprising new strength
[0:06] in figures out today as consumers come
[0:08] to the rescue. A Hollywood cliffhanger,
[0:11] a possible strike with big consequences
[0:13] for the economy and your TV viewing. The
[0:16] Kerry controversy, fallout from war
[0:19] reports built on body count lies. And
[0:23] the odd couple, can the US and Russia
[0:26] share a space station without driving
[0:29] each other crazy?
[0:35] This is the CBS Evening News with Dan
[0:38] Rather reporting from CBS News
[0:41] headquarters in New York.
[0:43] Good evening. New figures out today
[0:45] dispute talk that the US economy is in
[0:48] or near a recession. There are problems,
[0:50] but today's numbers indicate the record
[0:53] 10-year old economic expansion is
[0:55] continuing. In a surprising report, the
[0:58] government said the economy was growing
[0:59] in the first quarter of this year at an
[1:01] annual rate of 2%. That's twice the rate
[1:05] of the fourth quarter of 2000 and twice
[1:07] what many experts were predicting. 2% is
[1:10] not especially strong growth, but
[1:12] remember, it wasn't long ago that Alan
[1:14] Greenspan was saying he feared the
[1:16] economy had stopped growing altogether.
[1:19] Today's numbers gave Wall Street a
[1:20] boost. The Dow closed up 117 points. The
[1:23] Nasdaq gained 40. Anthony Mason is on
[1:26] the market watch.
[1:29] The economy showed surprising strength
[1:31] in the first quarter and shoppers
[1:33] opening their wallets was the key reason
[1:35] why.
[1:36] The most positive thing that that's
[1:38] going on is the consumers are still out
[1:39] there buying. I mean, they're buying
[1:41] cars and they're buying homes.
[1:44] New home sales jumpe