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Animal talk on Wall Street

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AP 24 Hour News
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KCBS 24 Hour News
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AP 24 Hour News
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GM

Automatic TRANSCRIPT

On Wall Street at lightning speed just a couple of weeks after the S. and P. five hundred fell into a bear market at the fastest rate ever now it's seeing its quickest three day advance of almost eighteen percent since nineteen thirty three chasing a bull market the Dow was already entered a fresh bull market of more than twenty percent from its recent lows today both averages gained more than six percent the nasdaq almost that much with the Dow up thirteen hundred fifty two points the nasdaq four hundred thirteen the S. and P. one hundred fifty five there was more talk about the nineteen thirties too in terms of the numbers of first time jobless claims filed last week three and a quarter million that was a record GM is making drastic moves to cut costs it's asking salaried workers to defer twenty percent of their pay until the last quarter of this year or first quarter of next year it'll furlough seventy five hundred salaried workers