Central Bank Videos at WCBS 880 Video Archive at wcbs880.com

13 Oct 2008

Dow Surges 936 Points In Monster Rally

CNN's Stephanie Elam breaks down the historic Wall Street rally.

"… buy a stake in US banks stopped. And make loans to several central banks in Europe for any amount they need investors relish the news. Let's take a look at the final numbers the Dow Jones …" at 0:18

1 Spoken Highlight

0:50

10 Oct 2008

Bush Tries Again To Calm Financial Fears

In a Rose Garden speech, President George W. Bush said the federal government's financial rescue plan is aggressive, but will take time to work.

"… billions of dollars into the system. The Fed has joined to a central banks around the world to coordinated cut in interest rates. -- rate cut will allow banks to borrow money more affordable. And it …" at 1:47

1 Spoken Highlight

7:46

8 Oct 2008

Fed Slashes Key Interest Rate

The Federal Reserve and banks around the globe slashed interest rates Wednesday while world economic leaders said a recovery could begin next year.

"… key interest rate from 2% to one point 5% on Wednesday. Other central banks around the world also -- rates and the White House applauded the coordinated effort. I think it shows innovation and industrious -- …" at 0:09

1 Spoken Highlight

1:46

19 Sep 2008

TGIF: Recapping Wall Street's Wild Week

Wall Street ends a crazy week of ups and downs amid historic financial bailouts.

"… treasuries -- which took its largest one day jump ever. On Thursday central banks coordinated efforts to pump billions into the global financial system to get the landing gears moving again. And reports surfaced that Treasury …" at 2:31

1 Spoken Highlight

2:59

19 Sep 2008

Central Banks Fight Financial Black Hole

A whopping $180 billion is pumped into the financial markets to ease economy fears.

"… bring the whole banking system to a standstill. And that's where this central bank stepped in coordinated action across the globe from Japan. Yeah to pump billions of dollars into the financial markets. To reassure -- …" at 1:23

"… also runs a huge mistrust and therefore it is essential that the central banks do stunned that a -- to trust. Back into action are you going to take some months fiscal year. But we got …" at 1:53

2 Spoken Highlights

2:37

18 Sep 2008

Bush Pledges Help To Stabilize Markets

President George W. Bush says his administration is working to promote stability in the U.S. financial markets and the economy.

"… against illegal market manipulation. Last night. The Federal Reserve in coordination with central banks around the world. To locate substantial step to provide additional liquidity. To the US financial system. These actions are necessary. And they …" at 1:14

1 Spoken Highlight

1:59

16 Sep 2008

Anxious Day On Wall St. Ends On Up Note

The Federal Reserve Tuesday opted to leave a key interest rate unchanged. While markets rallied on the news, others warned the worst could be yet to come.

"… The Fed's decision disappointed some investors but their work well the central bank would help may nineteenth -- business with an infusion. …" at 0:32

1 Spoken Highlight

1:34

7 Sep 2008

What Does Fannie-Freddie Takeover Mean?

Treasury Secretary Henry Paulson announced plans Sunday for a government takeover of the troubled mortgage giants Fannie Mae and Freddie Mac.

"… stock of both companies continued to drop. And major investors including the central banks of Russia and China started selling Fannie and Freddie bonds fast. That made it harder and more expensive for Fannie and Freddie …" at 1:50

1 Spoken Highlight

2:07

13 Aug 2008

Ad War Expands

As the candidates use the traditional television ads, they are also increasingly using the web to reach out to new voters.

"… can be more tactical and yes even born in Washington still -- central banks -- proven has acted as he's being -- helps is it helps that the margin -- with the younger voters. …" at 1:04

1 Spoken Highlight

1:44