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CNN Live At Daybreak

Eye on the Market: Day on Wall Street

Aired May 20, 2003 - 06:46   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: Time for a little business buzz right now. Alan Greenspan wants you to learn about personal finance.
Let's to back live to New York and Susan Lisovicz.

Well, I was going to ask why, but it's obvious, isn't it?

SUSAN LISOVICZ, CNN FINANCIAL NEWS: Oh, it's grim. I'll give you two stats that will make it perfectly clear, Carol. Personal bankruptcies are at a record high, and home loan foreclosures hit a record high last year.

So, the Federal Reserve chairman, Alan Greenspan, is taking to the airwaves for the first time to educate the public about being cautious with their finances. The Fed is coming out with a new PSA coming out later this month, called "There's a lot to learn about money."

And, Carol, you know, Alan Greenspan is known for his idiosyncratic use of language. A lot of times you don't understand what he's saying. His message very clear this time. No matter who you are, making informed decisions about what to do with your money will help build a more stable financial future for you and your family.

COSTELLO: Good advice always.

A quick look at the futures before you have to go.

LISOVICZ: Higher, and partly because the dollar is coming back a little bit. Of course, we're coming back also from a big loss yesterday. The Dow falling 2.1 percent, the Nasdaq tumbling 3 percent.

The drug sector the big weight yesterday on the markets after a Supreme Court ruling allowed a program in Maine to go into effect lowering prescription drug prices.

Today, we have two Dow components reporting: Home Depot before the opening bell; Hewlett-Packard after the closing bell -- Carol.

COSTELLO: Thanks a lot. Susan Lisovicz, we'll check back with you tomorrow.

TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com.






Aired May 20, 2003 - 06:46   ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
CAROL COSTELLO, CNN ANCHOR: Time for a little business buzz right now. Alan Greenspan wants you to learn about personal finance.
Let's to back live to New York and Susan Lisovicz.

Well, I was going to ask why, but it's obvious, isn't it?

SUSAN LISOVICZ, CNN FINANCIAL NEWS: Oh, it's grim. I'll give you two stats that will make it perfectly clear, Carol. Personal bankruptcies are at a record high, and home loan foreclosures hit a record high last year.

So, the Federal Reserve chairman, Alan Greenspan, is taking to the airwaves for the first time to educate the public about being cautious with their finances. The Fed is coming out with a new PSA coming out later this month, called "There's a lot to learn about money."

And, Carol, you know, Alan Greenspan is known for his idiosyncratic use of language. A lot of times you don't understand what he's saying. His message very clear this time. No matter who you are, making informed decisions about what to do with your money will help build a more stable financial future for you and your family.

COSTELLO: Good advice always.

A quick look at the futures before you have to go.

LISOVICZ: Higher, and partly because the dollar is coming back a little bit. Of course, we're coming back also from a big loss yesterday. The Dow falling 2.1 percent, the Nasdaq tumbling 3 percent.

The drug sector the big weight yesterday on the markets after a Supreme Court ruling allowed a program in Maine to go into effect lowering prescription drug prices.

Today, we have two Dow components reporting: Home Depot before the opening bell; Hewlett-Packard after the closing bell -- Carol.

COSTELLO: Thanks a lot. Susan Lisovicz, we'll check back with you tomorrow.

TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com.