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CNN Live At Daybreak
Wal-Mart's New Policy
Aired July 02, 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. Wal-Mart is making changes to its anti-discrimination policy.
Let's get all the details from Carrie Lee at the Nasdaq market site.
Good morning -- Carrie.
CARRIE LEE, CNN FINANCIAL NEWS CORRESPONDENT: Good morning, Carol.
That's right, Wal-Mart now moving to protect its gay employees. According to the "New York Times," the giant retailer has expanded its anti-discrimination policy to include gay and lesbian employees. Now this news was first disclosed by a Seattle gay rights foundation that it had invested in Wal-Mart and has lobbied the company for two years to change its policy. So now Wal-Mart has. Wal-Mart, by the way, is the nation's largest private employer.
A company spokesperson told the "New York Times" that this decision was -- quote -- "the right thing to do" -- end quote. Gay rights groups obviously welcome this news. Sort of a sign, Carol, as how far corporate America has come in accepting gay employees, so good news for them today regarding Wal-Mart.
COSTELLO: All right, a look at the futures before you go.
LEE: Yes, things look pretty strong this morning. We did see the markets in fact end higher yesterday after trolling a little bit lower during the session. One thing that helped the markets yesterday, a judge threw out two class action lawsuits against Merrill Lynch involving Internet stocks that had burst during the stock market bubble. This morning, things look pretty strong for both technology issues and stocks across the board. So we'll see how the market opens, Carol, at 9:30.
COSTELLO: All right. Many thanks, Carrie Lee, live from the Nasdaq site in New York.
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 July 2, 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. Wal-Mart is making changes to its anti-discrimination policy.
Let's get all the details from Carrie Lee at the Nasdaq market site.
Good morning -- Carrie.
CARRIE LEE, CNN FINANCIAL NEWS CORRESPONDENT: Good morning, Carol.
That's right, Wal-Mart now moving to protect its gay employees. According to the "New York Times," the giant retailer has expanded its anti-discrimination policy to include gay and lesbian employees. Now this news was first disclosed by a Seattle gay rights foundation that it had invested in Wal-Mart and has lobbied the company for two years to change its policy. So now Wal-Mart has. Wal-Mart, by the way, is the nation's largest private employer.
A company spokesperson told the "New York Times" that this decision was -- quote -- "the right thing to do" -- end quote. Gay rights groups obviously welcome this news. Sort of a sign, Carol, as how far corporate America has come in accepting gay employees, so good news for them today regarding Wal-Mart.
COSTELLO: All right, a look at the futures before you go.
LEE: Yes, things look pretty strong this morning. We did see the markets in fact end higher yesterday after trolling a little bit lower during the session. One thing that helped the markets yesterday, a judge threw out two class action lawsuits against Merrill Lynch involving Internet stocks that had burst during the stock market bubble. This morning, things look pretty strong for both technology issues and stocks across the board. So we'll see how the market opens, Carol, at 9:30.
COSTELLO: All right. Many thanks, Carrie Lee, live from the Nasdaq site in New York.
TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
