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Published: Mon, 23 Mar 2009
Description: The Dow Jones industrials soared nearly 500 points on news of the Treasury's bank plans. FOX25's Ted Daniel has all of the details.
Full Article: http://www.myfoxboston.com/dpp/news/national/032309_Dow_up_500_on_news_of_Treasurys_plan
Automatically Generated Transcript (may not be 100% accurate)
" to be extradited to -- to nearly 500 home sales up what is the worst yet to come more as some kind of glimmer of hope. The fact today -- joins us now with today's development said. Mark the Dow had a bad day in November it kept climbing and climbing in the gains were pretty much across the board. In that are -- new details about how the government plans help troubled bank and a jump in home they'll. Certainly didn't hurt. You won't hear clapping at the close -- out but today there was actually a good reason for. And urge to skyrocketed. Nearly a bumper. -- they finance adviser -- aren't as many clients were calling wondering at a time to get back in the kind of -- usual for the first time any -- on the market was up a lot and that is the day in positive territory. The buying and triggered when the Obama. And announce the long anticipated. Public plan or the health that the banking actor there's no greater facility. In the financial. But we think that we are moving. It's the right direction the Clinton would have the government and private investors teaming up -- and profit. Congressman Barney Frank and -- the house banking committee the goal is to get banks aren't lending again."
" Trying to -- the -- trying to help investment houses. We credit the American economy can't function of people. To fight card and money to him."
" Not all available today from an unexpected jump to the housing market. Rock bottom price February home rise 5%. A very positive indicator the fact that people -- out there buying homes in January and February. Usually too much of her off. With unemployment and no guarantees all the money the Obama administration's man in black -- work. No celebrating yet it is however my -- it. The big question now is what will happen tomorrow on Wall Street -- the market hasn't been able to hold on to any -- our economy in general most experts are predicting a real turn around. Until -- later in the year I'm Ted Daniel fox."
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