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October 13th, 2008
09:12 PM ET
Finally...Good News on the Economy
Market losses have become so commonplace recently that it's actually a major headline when things go up. Believe me, it's a refreshing change on Tuesday's show to be telling you about good news for the U.S. economy.
Of course, that doesn't mean it's going to last. Wednesday, I may be bringing you more gloomy news from Wall Street. But the silver lining is this: If the market hasn't bottomed out yet, as some think it has, it will eventually. And after that happens, you'll slowly but surely see a turnaround in reports about stocks, credit, home sales, and businesses from the streets of New York to the streets of your neighborhood.
Carl Azuz, Anchor
That is really good news for Wall Street but this is not over yet there still maybe points dropping.
As Nancy Pelosi suggest a second financial suport plan of +/- $1 trillion USD is not out of the question, we need to stand behind our American investors, banks and finacial institutions if we (Americans) are to continue being the number one economic global leader, timing is everything during this financial crises.
Maybe we can afford to go to college now.
ps. get new puns................. Carl rules!
The country has too much in the stock market they need to have a plan so if the stock market crashes the country won’t go under maybe the new president will realize this and fix it
When it comes to the economy I’m a conservative, but when the election comes around and our president starts to act on the economy that’s when I will worry. I’m just a 14 year old kid, there is not much I can do about this so I will let the men on Wall Street do their thing and help fix this mess.
Finally! Good news about economy! It's about time!
It is good to know that the economy is getting better. It would be great if the economy was fixed very quickly. It will take a while, but the sooner the better. Hopefully we all vote on a president that will help in this crisis.
I thought this was a really cool blog!!!The last sentence caught my eye.Knowing that businesses are going to have a big turnaround really does surprise me. Wow our world has changed so much and it is still changing!!!
I haven't watched anything about stocks and that stuff lately, but I have seen the impact it's having on gas prices. About a week ago gas had to be at least $3.80, now it's actually under $3! That's amazing, the lowest I've seen it so far has been $2.97.
The economy went up big on tuesday but we won't know if it will last. I think it is just the bailout money getting in. After it is gone it will all go back to how it was just weeks a go, or at least hope so.
People shouldn't get to excited because it's probably just another dead cat bounce
This is important because if the economy was to go down more it would be like in 1929.If that happened we would go hungy. That would be bad for us.
The economy hasn't effect me in anyway so... yeah-
It's good that stocks are now increasing and it is surprising that Dow has had the largest increase ever. It is amazing that in one day, it increased by so much money. I was worried that there might be another Great Depression. I hope stocks keep increasing as time goes on.
If I could interview someone about this topic I would pose this question: Did she stay on the team??
I think that it is good that our stocks ou rgoing back up because ot os making gas prices gp down so i can now afford to fill up my tank.
I'm fairly pessimistic about this whole thing. Just because the economy has gone up in one day doesn't necessarily mean things are going to get better. For all we know, the stock market could've just been experiencing a massive dead cat bounce. I hope it gets better instead of worse, but I don't have much faith that it will.
im glad that the economy is finally getting a little better from the past eight days. i hope it helps out the prices with costs of gas and food so i can live cheaper and start saving more money.
I hope the economy is getting better. The situatuion is just getting worse and worse, and if something doesn't happen soon, we may go into another Great Depresssion.
Its great that the economy went up recently, but i dont think anyone should get to excited. Its been so low for so long. I just dont see this large raise lasting for long.
Even though the Economy issue never really affected my family it was still on everyone’s shoulders to save because you never knew what could happen. The economy going up yesterday may not last very long but were out of the rut we were in and it’s nice to hear for once. Hopefully we’ll keep it up because it put a lot of stress on people, and in some way had affected everyone. I just hope the cat bounce just doesn’t happen tremendously this time.
I think that we as women can do anything a man can do we are not small, wimpy,prissy,or,dumb we are just as good as the boys.
It's good that stock market is increasing but the up coming presidency is coming up and they keep talking about how they're going to help the economy but there is still two more years before there plans are going to be in full swing.
Now that it is going up mabey it will stay up and we will have better lives. the goverment were carefull this would never happen, and whatent happen again.
I think that the girls playing football are cool
but not safe because they can get hurt
I agree with teto i am glad that they are giving women a chance to play boy sports it is so cool!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 🙂
Yeah it's good to see stocks raise but that is just for now. For all we know we could be heading into another great depression and it all started when Bush was elected. That was the biggest mistake we could of made even if he is finally trying to do the right thing. I believe that if Obama is elected we will turn our economy around and go back to living our lives
it's only a start for wall street, maybe just maybe this will make people start buying more instead of just putting it in the bank.
I hope that the stocks keep increasing because i don't want their to be another great depression. If the DJI keeps increasing everyday like it did we won't have to worry about anything.
thank god we needed that boost
I think it is cool that the wall street got money back,but that is not going to solve everything.The econamy isn't getting any better and we need to work together and try to help are econamy.On that female players,I think it is good to let girls play a guy sport sometimes.That pizza eating contest was funny I'm sure that guy vomited after that.
This news of the economy making a strong recovery, is great news. This may help some people to keep believeing in the stock market, or to become a believer again. This also could get us out of the hole that we are already in economically. This is great news.
The likelyhood of the stock market staying this high is very low. This is a chance for people who have invested in the stock market to get out, so we can avoid another, even greater economic depression.
Im glad that is happening in the economy. Maybe we can start spending more money
I hope that this boost to the economy lasts. I think that the government rushed into the new bill too fast.
I think it is great that the economy is going back up. the higher it goes up the better the spending cost will be.
I think the economy will get better sooner then we think. I think that most of it will depend on who is elected president and what kind of job they do. If they mess up then we may be in trouble, but I'm not really going to worry about it until then.
The economy will not recover, the world banks are pushing for a global economy (like the North American Union). Because that would make the super rich bankers even richer and give them even more power... Obama or McCaine, things will still be bad... Invest it tangible things, like gold and silver... Not stocks.
A female football player is super duper cool, because it shows that girls could do guy things just as good.
This is an awesome development, but what happens if it doesn't last?
Even though I don't understand,it's good it's going up.There could be a few more drops(Hope they're small)Then hope it goes up!
The economy is something we should all worry about. It will effect us all sometime.
P.S. Carl you need new jokes. But you are still awesome!!!
Im glad that the economy went up, but we shouldn't excited just yet, i have a very bad feeling that the economy will go back down.( like gas prices,im pretty sure that it will go back to $4.45)
i think that mr. bush is losthing money because they older the navy to go and faith whit other contrey
i think the economy will get better over time
it is good that the economy is raising. but lets just hope it keeps this this could just turn into a down spiral and we could just end deeper in the hole then when we started.
Girls playing football is a great way to prove that girls are just as good as guys.
this economy really has affected my family so it is really good news that it is going up. plz carl dont have any more bad news!!! ps. the grils paying football was pretty cool and i think they sould have a chance at it. but grils stay away from the line backers!!! i like the puns carl LOL.
Well for now this is very good but i would not get my hopes up too high because points could be dropped as quickly as they rose. I have a feeling that this will continue to happen for a while so get ready for anything because this "battle" is not over yet.
I think its good for Wall Street that everything they lost is coming back! But there are people like my grandpa who lost some stuff in Wall Street!
Its funny how a saying that parents use all the time "everything must get worse to get better" is used in economy. Also another saying "everything must get ugly to become pretty" is also applied. I think its crazy how this has been crazy terrible then all of a sudden a small increase and everyone goes crazy but soon it will go down once again.
Geez it's about time! We need some good news. But we shouldn't celebrate yet... we still have a long way to go.
I'm taking this special class on the economics and my teacher described what happened and basically the banks made loans that they new that the people couldn't afford, so when the person didn't pay it off they lost their house but the banks might not sell the foreclosed house so then they just lost a lot of money. So, when the next person went to take a loan they didn't have enough money so then they couldn't give out loans so then people couldn't buy new houses or new cars and all that other stuff. So the main thing is that it is a vicious circle and a chain reaction that starts with banks not lending money to people. There I said it without writing a novel!
This is really good news. I'm happy, believe me 🙂
But this might not last for long, so I hope people won't just toss their money everywhere, because the stock market will plummet....again.
I'm glad the stock market has SOME good news; It's been so gloomy up until now. I could tell it had my parents really stressed.
I think this is great, but as young people we need to pay way more attention to what is happening because this is what we are going to be dealing with and paying for.
The recent climb on Wall Street is no doubt a good thing, but it will inevitably fall again if we don't come up with a better or more plans to solve this economic crisis.
American economy and the world economy, have been benefited by the measures taken in Europe.
eh, im not crazy about this crisis. if we keep our cool then we'll be just fine, an economic crisis is always going to happen. we just have to be prepared for it and when the time comes, we will know how to handle the situation.
I think this is kool!!!!!!
I'm glad to hear the DOW has gone up. I can tell a difference lately with prices on common items. Hopefully the market can be restored back to the way it was.
I watched the Stocks for 2 years and it's not good.
936 pt is good, but not a whole lot.
all we can do is pray GOD about this.
Go Mr.Hood's class!!!
I think it's a good thing the they're headlining good progress about the stock markets. Maybe people will get a real reality check and know what to expect next investment!
Its great to hear that our econmy is getting better. I know that it will take a while to grow, but it will be even better when we have a good president that can help out this crisis.
i really dony understand any of this but all i no is that God has a plan so y shoud we worry?
we should just watch where our money is heading and hope that it goes well
i think it is great that the economy went back up but i believe that it is not going to be stable i think it is going to be waivering up and down and i think that no one is really sure how the stock market is going to be doing the rest of the year.
It's a good thing for everyone, but we can't relax yet. Hopefully, it would keep getting better, but I think we should still be watching out because you never know when it's going to go down again!
Most people think that the economy is in a recession because that is what the media and everybody else is TELLING them. It is not because the U.S. is actually in one....yet.
While the economy will recover, as it always does, I can't help but question the belief that we can really raise or expedite the bottom of the market simply by throwing money at the problem. I'm beginning to subscribe to those on wall street who say that we really need a purge to clear out the marketplace and restore confidence.
This is good news but that doesnt mean that it will continue to stay like that, we cant assume that things will get better right away and continue to spend like we do now, we have to change our spending habbits in the chance that something will happen.
I know that America is under a crizes right now, but I am a kid so I don't know how painful it is to loose money in buisnesses. The questian that I have is "Where does the money go", If America is spending so much money that we are in dept, where does all the spended money go?
CNN STUDENT NEWS IS THE BEST NEWS I HAVE EVER SEEN IT HAS ALOT OF COOL THINGS.
MOST PEOPLE THINK THAT THE NEWS ARE BORING BUT THIS NEWS ARE INTRESTING AND FUN .
I think our economy is doing poorly and it also depends on our future president. Most of the people aren'thelping either.
Just because the stockmarket is looking up for us right now doesn't mean that it won't fall again soon or in the distant future. So i think we still need to be prepared for the worst just in case.
The Dow may be down again, but at least gas will be cheap for a while...
I hope that people realize that a lot of this upturn happened because of European nations flooding money into liquidity for their banks, something that the Henry Paulson did not want to do at first but has started to consider it now. But now, the stock market has fallen again, like many analysts predicted, and we are almost back to square one.
I think that the bailout plan was just a quick fix to a long term problem. This week alone we have seen an increase in the stock market along with second biggest drop in history, averaging 733.08 points !!!! It will take a great deal to get our nation's economy back in shape and I believe that it will take a lot of people to work this mess out. This will undoubtedly be a challenge for next president.
The Economy isnt doing good. but its getting there. and i think who we decied fr president will really help us in a big wayy. I think im a little scared for who the adults decied....
and why can't kids have a say?
What happen i mean the bailout plan was agree to happen and the next day all that money just went away like nothing happen
I think it will be hard to get out of this hole we dug. Our feeble attemps to climb out of the hole isn't working. Everyone is just faling back down. We not only have to get a ladder to get out of this hole, we also have to fill the hole in so it dosn't happen again. Americans shouldn't get their hopes up too much. Who knows. We could fall even deeper.
I think it's a good thing we have good news. But, it's good to be skeptical about its fall. Just so we're prepared.
I think that we just have to keep our heads up about the economy because if we get really depressed and scared about it, it could lead the nation into a scary depression as well.
I believe the economy is in worse shape than we know. And those who think that it has bottomed out are confusing wishful thinking with the facts. the economy wont get better until the people gain back the trust they had in it. What i mean by this is that the economy isn't going to go up until people start spending again. because it is people spending and investing money that makes our markets go up. But if we are going to fix this GLOBAL problem, we need a GLOBAL effort. And i am afraid that if this effort doesn't start very soon it will be my generation and my kids generation that will be the victims.
it is nice to hear good news about the market i tell you what. but i think some plans they have right now just arent working and i think they need to come up with an amazing plan and put it into action i dont know what that plan will be but when they know tell me 🙂
My parents have been buying stocks since the economy has dropped, and me and my older brother thought they were crazy at first, but they just said, "What goes down must come back up."
It's good to see that the economy seems to be improving, but i think that there will be a lot more hardships before we can completely consider ourselves out of trouble...
you rock. your shows are so cool for kids to watch . i think this is the best way for kids to know what's going on
love your show i'm in 7th grade. i think it's cool to learn what's going on in the u.s. my techer let's us watch it every friday.
love ,
abby
this is good! now i wont have to feel bad about asking my parents for money in the middle of and economic crisis!
I'm glad that there is good news about the economy. I worry about the depression, what with humans struggling to pay their taxes and having to feast down on innocent animals and people. Yet this good news won't last long.
This is just like The Great Depression all over again. One minute the economey is on the top of the world and the next it's in the Underworld. You people shouldn't be getting your hopes up about it going up because it's just going to fall again.
I think that people need to shape up and act like the economic suffering isn't just effecting the rest of the world or is just a rumor. They need to understand that it may and probably will somehow effect them, and they need to be prepared for it. They could lose their jobs, have to pay more than expected for everyday needs, or other simple day-to-day items. People need to pay attention and prepare themselves for the near future.
I have to sya that I agree; if the economy hasn't fallen through yet, it will VERY soon. I predict that the economy will fall apart by the end of the year or the begining of the next year. This next year or two is going to be very rough. In my opinion we might be looking at the next depression. But then again, that's just my opinion. Don't get affended anyone, and if you agree thank-you and thats great.
help i know you have been doing segments on the economy but i still dont under stand what is going on can you help clear a couple things for me?
finally the economy goes up this means a better christmas then what we thought hope is on the way
🙂 I am so glad the economy is going back up (especially before christmas:))now i might get an ipod nano:)
The economy is up? really? 😛 all good things dont last that long..
if women want to play football...........they need to form a women's football league. i played football and i can tell you that they can't do the thing's on a football feild that a man can do. if they can............well.......maybe they're not............well you fill in the blank.
I think that we should have seniter MaCane for a prezident because Obama will just feart are cuntry. That video about the rap song for the politices was encredible!! I LOVED IT!!
As the economy collapses, you have to wonder how it happened. First the housing market sank, then people defaulted on their home loans, then the banks reaped the downfall and they were then stuck with the houses as they stopped loaning money. Without the loans from the bank, small businesses closes down and huge businesses had to ask for the government’s aid. Car dealerships are closing because they couldn’t sell cars. Companies downsized as they started firing workers, now one in ten people are out of work and jobs. This is all a strain on the government to provide for them with unemployment, food stamps, and welfare; so then, that all equals into less tax dollars. And the states are going to be billions of dollars in debt.
Congress passed a bill that allowed $700 billion dollars to be given to companies such as the Insurance AIG companies, banking, car makers, mortgage which made up to $335 billion from the $700 billion money from the bill. And I have to ask you, what truly started everything? It was President Clinton’s fault that all this started, I understand him wanting to help poor people get loans to buy houses but he should have known why it was so hard to get a loan in the first place, seeing as he was the president and all.
Now, how can we resolve this? I think that if you give money to the people then it would help spending and would get everything started again. And the banks should start loaning money again, this would all help the economy start up again as well. But instead, the government chooses not to. Why? Because the government does not want to give people the money, but whatever happened to “the government is the people”? You might say to my writings that you do get money, which are stimulus packages, but that isn’t a lot of money at all and it is not enough to get the economy going. We have as much right as the other companies to receive money like they do if we think if would help the economy or if we really need it. What did our ancestors fight for if the government refuses to see that the people is the government and have rights as much as anyone else?