CNN Student News Transcript: October 14, 2008

(CNN Student News) -- October 14, 2008

Quick Guide

Hope on the Horizon? - Examine some of the factors behind Monday's big rebound for the Dow Jones.

Food & Games - Learn how financial fumbles are affecting some football fans' game plan.

What's at Stake? - Hear some students' opinions on what's at stake in the upcoming election.

Transcript

THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.

CARL AZUZ, CNN STUDENT NEWS ANCHOR: From our newsroom to your classroom, this is CNN Student News! Thanks for spending part of your Tuesday with us. I'm Carl Azuz.

First Up: Hope on the Horizon?

AZUZ: First up, finally some good news for Wall Street, as the Dow Jones Average rebounds in a big way. Don't call it a comeback, not just yet, but the Dow Jones did break its eight-day losing streak yesterday with its largest one-day point gain ever, and made up a lot of ground in the process. Last week, the stock market lost $2.4 trillion. We told you about that on our show. Yesterday, it recovered half of that. Susan Lisovicz looks at some of the factors behind the Dow's rally.

(BEGIN VIDEO CLIP)

SUSAN LISOVICZ, CNN REPORTER: One trader called it the buying opportunity of a lifetime, and investors apparently agreed. The Dow Jones Industrial Average posted its biggest point gain ever, an astonishingly up 936 points in the first trading session after its worst week ever. Investors were encouraged by a coordinated effort over the weekend among central banks and overseas governments to prop up the fragile financial system. There was also relief that one of Japan's banks sealed the deal with Morgan Stanley to inject $9 billion in that troubled firm. Morgan Stanley shares shot up 87 percent on the day.

The Dow's triple-digit gains came within seconds of the opening bell and exploded in another raucous final hour of final trading. But analysts are divided as to whether the big rally signifies a bottom or just a head fake in a bear market. Banks were closed for Columbus Day, and so the volume was considerably lighter than some of the sell-offs of the past week. And investors will be deluged with reports this week on everything from inflation to retail sales and housing starts, as well as many corporate earnings reports. Some of them may not be well received. Susan Lisovicz, CNN, New York.

(END VIDEO CLIP)

Food & Games

AZUZ: Sports can often provide a distraction from things like financial struggles. After all, when your football team takes the field, you're more likely to be focused on the action than the economy. We don't blame you. But when Naamua Delaney talked to some tailgaters before a football game in Atlanta last weekend, she discovered how the financial fumbles are factoring into some fans' game plans.

(BEGIN VIDEO CLIP)

NAAMUA DELANEY, CNN REPORTER: It's all fun and games before the Atlanta Falcons-Chicago Bears face-off, until you realize football's not all that's on fan's minds.

CYNTHIA AND CHANDRA, 5-YEAR TAILGATERS: The gas cost coming down here, and the changing with the prices of parking and the prices of the tickets.

TRAVIS, 12 YEAR-TAILGATOR: Everybody is turning an eye to the economy, what's going on with the Dow Jones and watching the markets.

LISA STROCH, ATLANTA TEACHER: I'm a teacher, and so, we've been talking about at work the last couple of weeks just as far as teacher retirements and, you know, where's our money going.

DELANEY: Gas for the trucks, ribs for the grill all add up; never mind the tickets! So fans are trying to figure out how to party down without going belly up.

STROCH: Some people with money may buy steaks; we have Slim Jims!

GUYS FROM CHICAGO: This whole trip, being everybody carpooling, you know, five people, that kind of cuts the cost down a lot 'cause we split everything five ways, trying to keep everything down.

JAQUE MURAD, FOOTBALL FAN: So you go out, you have fun, but you spend wisely. Bargain shopping for the tickets, staying with my family cut down the expense of a hotel.

DELANEY: Jaque flew down from New York. Leo flew from Chicago.

LEO STROCH, FOOTBALL FAN: I got a round trip with Airtran down here with the taxes and the fees for $130.

DELANEY: And these guys drove from the Windy City!

CHICAGO FOOTBALL FANS: Just put it on credit and hope it doesn't break our banks!

DELANEY: The Wood family and their friends have been coming and tailgaiting for 25 years, and they're not going to let the tough economic times get in the way of their food, their drinks, their friends and their enjoyment of a good game, at least for today. Reading between the hot dogs and hash browns, the message seems to be spend less, but don't stop living.

DELANEY: I love the fact that you're still out here even though it's tough.

CYNTHIA AND CHANDRA: We still can come and cut back where we need to to be able to afford to go to the games, cause we really love the Falcons. Go Falcons!

DELANEY: Naamua Delaney, CNN.

(END VIDEO CLIP)

Shoutout

MICHELLE WRIGHT, CNN STUDENT NEWS: Time for the Shoutout! Drive, tee and wedge are terms that are associated with football. In what other sport would you find these words? Is it: A) Cricket, B) Golf, C) Badminton or D) Luge Ready? GO! Golf is the game we're looking for here, and a famous golfer wraps up our coverage of Hispanic Heritage Month. That's your answer and that's your Shoutout!

Hispanic Heritage Month

NINETTE SOSA, CNN STUDENT NEWS: Born in 1957, Nancy Lopez is one of the greatest female golfers of her generation. With her father's encouragement, she won her first amateur tournament when she was just 12, and continued racking up amateur titles before going pro when she was in college. By the time she was 30, Lopez had won 35 tournaments, and in 1989, she was inducted into the World Golf Hall of Fame. Throughout her career, Lopez has broken records and inspired others. In recent years, she has been honored for her role in the sport and is the first woman to receive the Frances Ouimet Award for lifelong contributions to golf. Celebrating the life and achievements of Nancy Lopez, this Hispanic Heritage Month.

What's at Stake?

AZUZ: Election Day is just three weeks away. The presidential campaign gets a ton of attention -- you've certainly heard about it here -- but there are other races going on, too. In this iReport, Mr. MacFarlane's students at Templeton Middle School in Templeton, California share what they think is at stake in this year's election.

(BEGIN VIDEO CLIP)

STUDENT: What's at stake in this election? A lot. Decisions that will be made could change the course and directions of our country.

STUDENT: At this time, we need a leader.

STUDENT: A person with integrity who knows right from wrong.

STUDENT: A person of vision, who not only knows what is, but also what can be.

STUDENT: A person with a moral compass to help chart a course for our nation.

STUDENT: And a person who has the ability to unite and inspire us as we face challenging times.

STUDENT: What's at stake? Everything. Vote. Choose wisely. We're counting on you!

(END VIDEO CLIP)

Promo

AZUZ: What's at stake! It's our Talking Democracy topic for October, and as you just saw, it's how you can get on our show! Share your thoughts on this year's election, the issues, the different races. Learn how to submit your iReports at CNNStudentNews.com!

Blog Report

AZUZ: Our blog is another place where we love to hear from you! On our female football player story from last Friday, Matthew thinks it's kinda cool because it gives females a chance to play a boys' sport. Teto agrees, saying, "This is a great demonstration of how you can do anything if you set your mind to it." But Nathanael argues, "Sure, there will be more female kickers, but it will never be much more than that. Women just don't have the upper body strength to stand up against a skilled male linebacker." On whether the economy is causing you to cut back on spending, Kelly writes, "We have six people in our family just living with us. We might not give gifts this year because of the prices." And Dylan says, "I think we should cut back on the Christmas gifts. If we cut back a little, we can save a little bit of money that not many people have in Michigan anymore." Agree? Disagree? Tell us what's up on our blog at CNNStudentNews.com.

I.D. Me

JOHN LORINC, CNN STUDENT NEWS: See if you can I.D. Me! I'm a fat-soluble vitamin that helps protect against diseases like rickets and osteomalacia. I'm not present in very many foods, but you can find me in some fish and fish-liver oils. I am essential for helping you absorb calcium. I'm vitamin D, one of the most potent vitamins in the world.

Up Your Vitamins!

AZUZ: A new recommendation says that you guys need to double up on vitamin D! It keeps bones strong and may help reduce the risk of disease, and the American Academy of Pediatrics says teenagers should be getting four hundred units daily. What does that mean? Take milk. It may do a body good, but you'd need to drink four cups every day to meet these new requirements. If that doesn't sound too appetizing, you could take supplements or spend some time outside. Your body makes vitamin D when sunshine hits your skin.

Before We Go

AZUZ: And finally, from something healthy to something not. You're supposed to stop eating when you're full, which means these guys must be really hungry! Or taking part in a pizza-eating contest. The gastronomic gorging took just ten minutes. And when time ran out, the chow-down champ, whom you see on the left there, was Joey Chestnut, who shoveled in 45 slices! What's his winning strategy? Just fold, squeeze and swallow, and then try to hold it there.

Goodbye

AZUZ: That last slice of show leaves us stuffed. You knew there'd be a cheesy pun after pizza story. Have a great day. I'm Carl Azuz.