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CNN Live At Daybreak
Martha Stewart Speaks: Says I'm Not a Corporate Criminal
Aired November 06, 2003 - 06:17 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.
HEIDI COLLINS, CNN ANCHOR: Time now for a little 'Business Buzz.' Martha Stewart, insisting she's not a corporate criminal, says she'd like to pick up where she left off.
Carrie Lee has the story from the Nasdaq market site in Times Square.
Good morning to you -- Carrie.
CARRIE LEE, CNN FINANCIAL NEWS CORRESPONDENT: Good morning to you, Heidi.
We have some excerpts from Martha Stewart's interview set to air this Friday on ABC's "20/20" with Barbara Walters. She said in the interview that she's innocent of wrongdoing in the insider trading case surrounding her. She says that she does not think she will go to prison but that the stock trading case has taken its toll on her.
Now she was indicted on allegations of obstruction of justice and securities fraud in June. She says the last year and a half has been the most difficult part of her life. And remember that CBS interview when she was asked about this case, she was chopping a cabbage at the time. Well, she says, to tell the truth, I have not been able to chop a cabbage since. No more coleslaw for me.
Martha Stewart's stock has taken its toll since this scandal broke. Shares are down about 50 percent since then. She is going to go to trial set for January. So that interview, once again, Heidi, rolling this Friday. A lot of people will be watching for that.
COLLINS: I bet they will.
Well, Carrie, how do the markets look for today? What are we going to see later on?
LEE: Looks like we could see a mixed open. In fact, that's what we saw yesterday. The Dow, the S&P 500 closing down just fractionally lower. The Nasdaq holding on to positive territory by just one point. That's what it's looking like this morning.
Cisco Systems had a pretty positive profit report last night. Profits and sales beat the Wall Street estimate. Profits up 76 percent, sales coming in at the highest level in three years, so that's propping up tech stocks. But overall, looks like we're going to see a weak open for the average stock at the 9:30 opening bell.
Back to you. COLLINS: Carrie Lee live from the Nasdaq market site. Thanks so much, Carrie.
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 November 6, 2003 - 06:17 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
HEIDI COLLINS, CNN ANCHOR: Time now for a little 'Business Buzz.' Martha Stewart, insisting she's not a corporate criminal, says she'd like to pick up where she left off.
Carrie Lee has the story from the Nasdaq market site in Times Square.
Good morning to you -- Carrie.
CARRIE LEE, CNN FINANCIAL NEWS CORRESPONDENT: Good morning to you, Heidi.
We have some excerpts from Martha Stewart's interview set to air this Friday on ABC's "20/20" with Barbara Walters. She said in the interview that she's innocent of wrongdoing in the insider trading case surrounding her. She says that she does not think she will go to prison but that the stock trading case has taken its toll on her.
Now she was indicted on allegations of obstruction of justice and securities fraud in June. She says the last year and a half has been the most difficult part of her life. And remember that CBS interview when she was asked about this case, she was chopping a cabbage at the time. Well, she says, to tell the truth, I have not been able to chop a cabbage since. No more coleslaw for me.
Martha Stewart's stock has taken its toll since this scandal broke. Shares are down about 50 percent since then. She is going to go to trial set for January. So that interview, once again, Heidi, rolling this Friday. A lot of people will be watching for that.
COLLINS: I bet they will.
Well, Carrie, how do the markets look for today? What are we going to see later on?
LEE: Looks like we could see a mixed open. In fact, that's what we saw yesterday. The Dow, the S&P 500 closing down just fractionally lower. The Nasdaq holding on to positive territory by just one point. That's what it's looking like this morning.
Cisco Systems had a pretty positive profit report last night. Profits and sales beat the Wall Street estimate. Profits up 76 percent, sales coming in at the highest level in three years, so that's propping up tech stocks. But overall, looks like we're going to see a weak open for the average stock at the 9:30 opening bell.
Back to you. COLLINS: Carrie Lee live from the Nasdaq market site. Thanks so much, Carrie.
TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
