ABC anchor Charles Gibson teased World News: “Tonight, the Dow moves into uncharted territory, zooming past 13,000 for the first time. But is the economy as hot as the market?” Gibson set up his lead story by contrasting how “the rise in recent months has been steep, despite less-than-inspiring news on the economy overall.” Betsy Stark featured pleased investors before cautioning how “there were fresh signs today of trouble in the housing market” and “oil prices shot up another dollar today, which will only add to consumers' woes at the pump.” Gibson stayed on the negative, proposing to Stark: “We've had four years of a straight bull market. Doesn't just the timing of this suggest that there might be a correction?” Stark agreed: “By historical standards, Charlie, we're actually overdue for a correction.”
"Well you know I wish I had better news, but the numbers this week were just horrific," said CNN correspondent Gerri Willis.
The numbers she referred to were home prices and new-home sales, which were down. After briefly mentioning the increase in existing-home sales (which make up a larger share of the housing market), Willis dismissed it.
With the help of CNN's Allen Wastler, the duo played up fears of recession on the March 3 program.