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CNN Live At Daybreak
Hillary Clinton's Book Made Back the $8M Advance
Aired June 16, 2003 - 06:44 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. Hillary Clinton's book had a successful debut a week ago, but how is it doing now?
To find out, we go to our Carrie Lee in for Susan Lisovicz. Carrie is at the Nasdaq market site. And my apologies to Susan, she is on assignment. She is not on vacation, she is out there working hard somewhere.
CARRIE LEE, CNN FINANCIAL NEWS CORRESPONDENT: Thank you, Carol, maybe it's a working vacation.
Talking about Hillary Clinton's book, very successful. In fact, Simon & Schuster has already made back the $8 million advance that it's paid to the former first lady. Now the book has sold about 600,000 copies and that's about 60 percent of the one million copies that Simon & Schuster originally printed. In fact, now the publisher is going to print another half a million copies. This all according to "The Wall Street Journal."
In case you were wondering, Hillary Clinton will not get any additional payment until she sells about 1.2 million copies of the book. Interesting, a lot of people simply want to hear about her life story, others are looking for maybe some inside political information. And it's been very successful so far, Carol. We'll see how it continues.
Back to you.
COSTELLO: I was just thinking, maybe Chelsea Clinton should write a book as well.
LEE: Well she's off to a positive start I think as well in her career.
Quick look on the markets, if we can get to that. It looks like we're going to open lower. That's what the early indications are pointing to. Of course the Dow and Nasdaq sold off a bit last week. The Nasdaq ended flat. The Dow still ended just slightly in positive territory. You can see right here the Dow up about 54 points.
One stock in focus this morning, Dow component Boeing. You've heard about the Paris Air Show from Richard Quest a few moments ago, perhaps some news will come out of that. Also, Boeing's chief said that global airline traffic is likely to pick up this year following the sharp decline that we saw in the September 2001 attack. So that will certainly be one of the Dow 30 we'll be keeping an eye on today -- Carol.
COSTELLO: Will do. Carrie Lee, many thanks, live from New York this morning.
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 June 16, 2003 - 06:44 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. Hillary Clinton's book had a successful debut a week ago, but how is it doing now?
To find out, we go to our Carrie Lee in for Susan Lisovicz. Carrie is at the Nasdaq market site. And my apologies to Susan, she is on assignment. She is not on vacation, she is out there working hard somewhere.
CARRIE LEE, CNN FINANCIAL NEWS CORRESPONDENT: Thank you, Carol, maybe it's a working vacation.
Talking about Hillary Clinton's book, very successful. In fact, Simon & Schuster has already made back the $8 million advance that it's paid to the former first lady. Now the book has sold about 600,000 copies and that's about 60 percent of the one million copies that Simon & Schuster originally printed. In fact, now the publisher is going to print another half a million copies. This all according to "The Wall Street Journal."
In case you were wondering, Hillary Clinton will not get any additional payment until she sells about 1.2 million copies of the book. Interesting, a lot of people simply want to hear about her life story, others are looking for maybe some inside political information. And it's been very successful so far, Carol. We'll see how it continues.
Back to you.
COSTELLO: I was just thinking, maybe Chelsea Clinton should write a book as well.
LEE: Well she's off to a positive start I think as well in her career.
Quick look on the markets, if we can get to that. It looks like we're going to open lower. That's what the early indications are pointing to. Of course the Dow and Nasdaq sold off a bit last week. The Nasdaq ended flat. The Dow still ended just slightly in positive territory. You can see right here the Dow up about 54 points.
One stock in focus this morning, Dow component Boeing. You've heard about the Paris Air Show from Richard Quest a few moments ago, perhaps some news will come out of that. Also, Boeing's chief said that global airline traffic is likely to pick up this year following the sharp decline that we saw in the September 2001 attack. So that will certainly be one of the Dow 30 we'll be keeping an eye on today -- Carol.
COSTELLO: Will do. Carrie Lee, many thanks, live from New York this morning.
TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
