October 13th, 2008
09:34 PM ET

Live Blog from the Anchor Desk 10/13/08

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Don’t forget to watch Erica Hill’s webcast during the commercials. LINK TO WEBCAST

And take a look at Anderson and Erica on our live web camera from the 360° studio. We’ll turn the camera on at 945p ET and turn it off at 11p ET. LINK TO THE BLOG CAMERA

Wondering why some comments are posted while others aren’t? Here’s a post that may help: LINK TO COMMENTS POST

We’ll start posting comments at 10p ET and stop at 11p ET.

Filed under: Live Blog
soundoff (187 Responses)
  1. Bradley S (Knoxville, TN)

    Barack is putting forward economic soluions and McCain is not. This says how they would be as president one would solve the problem and one will avoid the problem.
    Go Obama/Biden 08

    October 13, 2008 at 10:18 pm |
  2. Qudus - Houston, TX

    The stocks are up today, but it's only one day and not a trend yet,the banks are closed today so i'm still not excited, if i see this trend go for five days straight, then maybe i'll begin to gain some confidence.

    October 13, 2008 at 10:18 pm |
  3. Mike- Houston, TX

    AC, 2 things

    1. Should i call it Wall Street's worst nightmare?

    October 13, 2008 at 10:18 pm |
  4. lynn

    I think "redistribution" of wealth is the wrong term. For too long the wealth has gone to the top without enough credit and financial gain for the workers who create the wealth. Ceos and managers got huge salaries which kept growing. I look at it at a fairer sharing/distribution of wealth.

    October 13, 2008 at 10:18 pm |
  5. Richard

    Happy Monday Erica!

    Is anyone else suspicious about this rebound on the market? How long do you think it will gain?

    There has to be some tapering somewhere.

    October 13, 2008 at 10:18 pm |
  6. Virgil Stay

    It is encouraging that the markets rebounded; however, people need to realize that we are not out of the woods yet. A coordinated long term solution still needs to be formulated and implemented. And we need to hope that Washington politics does not keep good people from doing good things.

    October 13, 2008 at 10:16 pm |
  7. Megan Dresslar (Shoreline, Wa)

    Mike in NY
    Thank you.... you're right.... Please don't panic about stock!!!!!

    October 13, 2008 at 10:16 pm |
  8. Ann- WI

    Good evening Anderson, Erica and fellow bloggers-

    It was tough to stay in the market last week but sure glad I did.
    The news from the Obama campaign is sooo good. It is great to have someone actually thinking about programs which might help ease the pain for those who are hurt the most by the current economic down turn.

    October 13, 2008 at 10:16 pm |
  9. Marcus, California

    Americans have gotten too greedy, everyone is living beyond their means!

    October 13, 2008 at 10:15 pm |
  10. Jorge Gonzalez

    Casey: Good call on that market move.

    October 13, 2008 at 10:15 pm |
  11. Jon Tucci

    Where is all this money coming from. Either our Federal Gov't is printing it or we have been overtaxed. And, I'm a Democrat supporting OBAMA!!!

    October 13, 2008 at 10:14 pm |
  12. Brandi-bottom of the boot

    @ sergio,

    I think we should not hold our breath for any legal ramifications for the Bailout 'Culprits'.

    October 13, 2008 at 10:14 pm |
  13. Prof. Mary Lyons-Barrett (Mary) Omaha

    To get this economy really going again we need to consider using some of this bailout money to create some new TVA (Tennessee Valley Authority) projects using NASA and other high-tech energy innovators. In 1933 FDR and Congress in a bipartisan effort created the TVA which still produces low cost energy, agricultural assistance, and jobs.

    October 13, 2008 at 10:14 pm |
  14. William Schwartz

    It looks like the Asian markets are continuing on the up side this evening.
    What is the anticipated impact regarding this for the US market?

    October 13, 2008 at 10:14 pm |
  15. Jo Ann, North Royalton, Ohio

    Some of these things that Obama is talking about sound like common sense. They should have been part of the bailout in the first place.

    October 13, 2008 at 10:14 pm |
  16. Chris

    Obama just keeps on getting better and better everyday. I am actually starting to think that there is a politician that is actually thinking about real working Americans. McCain and Palin just keep on fighting the culture and association war, while Obama runs away with a win in the election by focusing on the economy and proposing good plans. Go Obama

    AC you are awesome!!!

    – Say hi to Erica for me.

    October 13, 2008 at 10:13 pm |
  17. CaseyJ - Palm Springs, CA

    MIke is right, the market is simply running on a mob mentality and people are making lots of decisions based on emotion, like a crap shoot. I am holding my breath for a notable drop tomorrow as people who bought today, sell to make a a fast buck tomorrow.

    October 13, 2008 at 10:13 pm |
  18. Frank

    Happy Monday Erica

    October 13, 2008 at 10:13 pm |
  19. Tracey - Boston

    Until we consistent numbers from the Dow... I'd prefered to see small ups than huge downs, we will probably watch the Dow everyday for a while. Probably until the election.

    October 13, 2008 at 10:13 pm |
  20. ericacnn

    Happy Monday, Bloggers

    October 13, 2008 at 10:13 pm |
  21. David, Indiana

    Hi Anderson, Erica, everybody, great news on the stock market feels great, a deep relief rally, I can tell you. No, Ali, the dow wasn't going to drop not today but still a lot of making up to do...a short squeeze up fueled by powerful inspiration

    October 13, 2008 at 10:12 pm |
  22. Eva


    I am trying to research the topic of the FDIC insuring our monies in the bank. If worst case scenario played itself out, how soon does the FDIC guaranteed the money back to you?? What is the timeframe because I think this is a crucial detail that not many of us are asking.

    October 13, 2008 at 10:12 pm |
  23. Jorge Gonzalez

    The redistribution of wealth is evindent in many forms today. 700 Billion of our tax money handled by the government with whatever rules are applied is also a redistribution of wealth. But of wealth that we do not have.

    October 13, 2008 at 10:11 pm |
  24. Lorie Ann, Buellton, California

    All the new jobs? What exactly will people be doing in these new jobs and would the jobs be in all the states.

    October 13, 2008 at 10:10 pm |
  25. Clade

    I hope that the american people are going to be included in an upcoming 10 Most Wanted culprits for the cause of the current financial crisis. After all its our own need to have all those things that we couldn't afford that helped to cause this mess, couple that with the corporate greed machine and we got what we asked for.

    October 13, 2008 at 10:10 pm |
  26. Megan Dresslar (Shoreline, Wa)

    Can’t wait to see who’s next on the Culprits of the Collapse
    Me too...... I can't wait either who next on the Culprits of the Collapse!

    October 13, 2008 at 10:10 pm |
  27. Jo Ann, North Royalton, Ohio

    It was just a matter of time before it came back up. I don't know why everyone panicked so quickly.

    It didn't take much time for those oil companies to start taking advantage of it!

    October 13, 2008 at 10:10 pm |
  28. Andria, Florida

    I hope things keep looking up

    October 13, 2008 at 10:09 pm |
  29. Jolene, St. Joseph, MI

    As my mother always said, if you don't have it, don't spend it! Fareed's article in Newsweek was good.

    October 13, 2008 at 10:09 pm |
  30. Chaz


    Let's talk about what the other world markets are doing! I can't believe how much other countries have promised to bailout too! Oh the credit crisis.

    October 13, 2008 at 10:09 pm |
  31. Andy - Atlanta, GA

    How do you think the two campaigns are going to try to spin the DOW rebounding today, & take credit for it? Does this really help McCain?

    October 13, 2008 at 10:08 pm |
  32. Sherwin

    Yours is an excellent programme without the hype of 'breaking news' – it seems to be a term used rather too loosely on your show. Often the news is hours old and yet at 10pm Eastern it's breaking all over again. Slightly disingenuous?

    October 13, 2008 at 10:08 pm |
  33. Sergio Hernandez


    Will there be any legal action against the Bailout Culprits?

    October 13, 2008 at 10:07 pm |
  34. Frank

    Wow the markets up, how long do ou think it will last

    October 13, 2008 at 10:07 pm |
  35. Ayana Smith Sacramento, Ca.

    I'm glad to see the market up over 900 points. I heard some of Obama's speech in Ohio this morning, and I love parts of his plan, but I'm a little curious about how he would pay for it. Isn't this really close to a redistrubition of wealth?

    October 13, 2008 at 10:07 pm |
  36. Megan Dresslar (Shoreline, Wa)

    Yes, I think so........ I am sure it will cover for us....

    October 13, 2008 at 10:07 pm |
  37. Brandi-bottom of the boot

    i want a different wake up call, this one makes me grumpy.

    October 13, 2008 at 10:06 pm |
  38. Mike, Syracuse NY

    The wild drops and rise of the stock market show that people are acting as a mob. This is the time not to panic, and sit tight.

    October 13, 2008 at 10:06 pm |
  39. Ron

    BUsh get ssome credit for working credit issue with European nation. Not to say that he is not to blame.

    October 13, 2008 at 10:06 pm |
  40. Martie

    Evening Anderson, Erica. Can't wait to see who's next on the Culprits of the Collapse

    October 13, 2008 at 10:04 pm |
  41. Megan Dresslar (Shoreline, Wa)

    Wow!!!!!!! that is so lot of money!!!!!! excellent!!!! Thanks Ali!!!!!!!

    October 13, 2008 at 10:04 pm |
  42. EJ (USA)

    Do you think it would be more effective to cover the DOW's ups & downs just once a week?

    October 13, 2008 at 10:04 pm |
  43. Jorge Gonzalez

    I have heard several times that the market was mainly affected by the housing market. What about the OPEC price hike over the last few months? Tihs has caused severe impact on all of us.

    October 13, 2008 at 10:03 pm |
  44. Chaz

    Hey Anderson/Erika

    So how are you feeling about the Dow's giant gains today? Was it just because the credit/cash markets were closed? Have we finally reached a bottom?

    Can't wait to see the rest of the show!

    October 13, 2008 at 10:03 pm |
  45. Sarah, Vegas

    Stocks are up!

    Happy Monday!

    October 13, 2008 at 10:02 pm |
  46. Gregg - Florida

    Good evening Anderson // Erica // Ali // Bloggers,,,very nice day on Wallstreet, i hope it lasts,,,,,,,,PHEW!!!

    October 13, 2008 at 10:02 pm |
  47. Megan Dresslar (Shoreline, Wa)

    I am so exciting for people that already rebound!!!!!!!

    October 13, 2008 at 10:02 pm |
  48. Jolene, St. Joseph, MI

    Hello bloggers. Now, if the market stays positive, watch how many people will pat themselves on the back for fixing it.

    October 13, 2008 at 10:02 pm |
  49. Megan Dresslar (Shoreline, Wa)

    Hellooo Anderson, Erica and best bloggers!!!!
    That is good news for bloggers and me, the stocks rebound finally!!!!! it says +936.42 Dow, Nas +936.42 and s&p +936.42 !!!!!!! Whooo Hooo!!!!

    October 13, 2008 at 10:01 pm |
  50. Tracey - Boston


    The Dow is up over 900 points today!!

    October 13, 2008 at 10:00 pm |
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