General discomfort
Posted: Wednesday, July 02, 2008 4:44 PM by Barbara Raab
Filed Under:
Brian Williams
By Brian Williams, Anchor and managing editor
I just watched General Motors stock close below $10 a share for the first time in decades. I remember how my grandfather left a few shares of GM to a member of my family when I was young -- those stock certificates were tantamount to owning a small piece of the United States. Insofar as there's a bellwether of the U.S. economy (at least a far-reaching segment) or an iconic brand instantly associated with American industrial might throughout the world, it's always been the companies like GM and GE and Ford. Sooner or later these economic figures are going to cause a more wide-ranging and palpable fallout. For now, we cover them as separate events.
We're also mindful that for many Americans, the Independence Day holiday weekend has started. We're driving less this year as a nation (first time in a decade) because of the price of gas, we're thinking of our troops on the ground in this nation's dual wars, and as I watch the fireworks with my Dad this year, we'll be thinking of all of it while we celebrate the meaning of the holiday.
I hope you all have a safe holiday, and I hope you can join us for tonight's broadcast.