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Economy / Stock Market Report / Nixon Administration #10440

ABC Evening News for Thursday, May 21, 1970
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(Studio) MIT, Massachusetts Institute of Technology, Economist Paul Samuelson said stock market tail can't wag dog. STK. MKT. REPORT Nixon and New York Stk. Exchange president meet, discuss economic problems.
REPORTER: Howard K. Smith

(DC) Stk. exchange head concerned; Nixon confident of market rise this yr.; Cabinet officials and labor groups feel wage and price controls may be needed. Demo Party Chairperson Larry O'Brien coins new word for Press economic policies.
REPORTER: Tom Jarriel

(No location given) [O'BRIEN - cites Nixonomics as cause of American crises.]
REPORTER: No reporter given

(DC) President to make economy speech; no date set.
REPORTER: Tom Jarriel

(Studio) House Banking Committee Chairperson invites Nixon to explain just what his economic policies are.
REPORTER: Howard K. Smith

(Studio) Stk. market analysis follows.
REPORTER: Frank Reynolds

(NYC) Stk. market predicted 11 of last 4 recessions; not sure indicator; present state not rush to sell, but reluctance to buy; confidence must be restored.
REPORTER: Louis Rukeyser

Reporter(s):
Jarriel, Tom;
Reynolds, Frank;
Rukeyser, Louis;
Smith, Howard K.
Duration:
00:04:10

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