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CNN Live At Daybreak

Bono and Paul O'Neill Partners Against Poverty

Aired May 23, 2002 - 05:46   ET

THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.

THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
CAROL COSTELLO, CNN ANCHOR: All this week we've been taking you along on the road to Africa with rock star Bono and Treasury Secretary Paul O'Neill. This time the unlikely partners went shopping at an unlikely place.

Our Daryn Kagan is with them on the fact-finding mission against poverty.

(BEGIN VIDEOTAPE)

BONO: One pop star going cheap.

(LAUGHTER)

DARYN KAGAN, CNN CORRESPONDENT: Welcome to the McCulla Marketplace (ph). This is the market in the middle of a croghana (ph) where people come to buy their daily needs and sell their wares. We're going to go shopping with Bono and Treasury Secretary Paul O'Neill. They want to show us how they think aid could help the people who live here in Western Africa.

So, Mr. Secretary, when you see a marketplace like this, does this look like opportunity to you?

PAUL O'NEILL, TREASURY SECRETARY: It looks like very basic market economics and -- but there's a sense of energy in the place that's really quite amazing.

UNIDENTIFIED FEMALE: We need investors. We have more lands to make manufacturing so (UNINTELLIGIBLE) to come help us.

BONO, U2 SINGER/ACTIVIST: For 7 cents out of $10 you can change millions of lives. That's what it would take a year to transform the world that we live in, 7 cents of $10. Americans are generous people. When you put it to them like that, they'll buy it.

(UNINTELLIGIBLE) not expensive enough.

(CROSSTALK)

BONO: This is a -- this is a burgeoning middle class. This is what we need, but there is -- there is a -- there's the underside and the underside needs to sort of get jump started into this. O'NEILL: It's a really tough way to make a living, really hard. When you look into their stories and how much profitability they have as a prospect of selling peppers all day and maybe making $3 all day.

BONO: What would you like? You want a little ring or...

UNIDENTIFIED FEMALE: Maybe a little small.

BONO: ... a little -- you know a little chain, something like that? A little chain.

O'NEILL: Bono, no, no, here I got it. I go halves on this trip.

BONO: Oh OK. Here.

That means a lot. It was a good trip. (UNINTELLIGIBLE).

(END VIDEOTAPE)

COSTELLO: If you're wondering why their hair was all slicked back, they just experienced a monsoon in Africa and that's why their hair was wet and not looking too good. Bono and Secretary O'Neill's trip will also take them to South Africa, Uganda and Ethiopia and of course, Daryn Kagan will be there with them.

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