ABC Evening News for Friday, Oct 16, 1987
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(Studio: Peter Jennings) Report introduced.
(NYC: Sander Vanocur) Record drop on Wall Street reported; details given, scenes shown. Stk. Mkt. Report Stk. market since high point in August and week's losses graphed on screen. [Kidder Peabody and Company spokesperson William GILLARD - cites market risk.] Wholesale prices given. Stmt. by Treasury Secretary James Baker that dollar value could fall noted. Raising of prime rate by Marine Midland Banks noted. [BAKER - says drop no reason to panic.] Brokers' response cited.
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