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Transcripts For KGO ABC World News With Diane Sawyer 20110810

the surprising science about what works and what doesn t. good evening. diane is on assignment tonight. and if there ever was a day that highlighted the gulf between wall street and main street, this was it. the dow came roaring back from yesterday s 600-point plunge picking up more than 400 points. after the federal reserve did something it s never done before, promising to keep interest rates at rock-bottom for two more years. what the fed sees in their data is what so many of us feel in our bones america s economy is weak. good jobs are scarce. this chart tells the story. in other recent recessions back in 1981, the reagan years, and 20 years later, after 9/9/, you saw some job loss, but then it came back. look at what s happening this time. many more jobs lost much more quickly and they re not coming back with the same kind of speed and force. abc s bianna golodryga starts us off tonight. reporter: wall street s wild ride continued today. skyrocketing higher. after

Transcripts For WJLA ABC World News Now 20110810

consumer spending is slowing, and the housing market is dragging. still, that doesn t mean this is another recession. everybody s scared. the market is up and down. known knows what s going to happen. the only thing that s doing well this year was the market. if this goes, then the rest of the economy will probably falter as well. reporter: but the fed s decision to hold interest rates where they are is a bit of a double-edged sword. while the move is meant to calm investors it also reminds everyone this economic recovery is taking much longer than expected. rob and tanya? a lot longer for sure, thanks, scott. wisconsin voters are deciding a high-profile political battle in recall races. democrats have picked up two seats in the senate, while four republicans have managed to hold off attempts to recall them from office. this election was called after the republican governor helped push through a law stripping public union employees of the right to strike. and poly

Transcripts For WJLA ABC World News With Diane Sawyer 20110809

sexist. and hot flash. important news tonight for women fighting the symptoms of menopause. the surprising steigns about wh works and what doesn t. good evening. diane is on assignment tonight. if there ever was a day that highlighted the gulf between wall street and main street, this was it. the dow came roaring back from yesterday s plunge knowledge, picking up more than 400 points. after the federal reserve did something it s neverone before. promising to keep interest rates at rock-bottom for two more years. what the fed sees in their data is what so many of us feel in our bones. america s economy is weak. the jobs are scarce. this chart tells the story. in other recent recessions back in 1981, the recent year, and 20 years later, after 9/1111 you sw some job loss, but then it came back. lack at what s happening this time. many more jobs lost much more quickly and they re not coming back with the same kind of speed and force. abc s bianna golodryga starts us off tonig

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