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Econ: Poll / Retail Sales #106124

ABC Evening News for Tuesday, Oct 27, 1987
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(Studio: Peter Jennings) Report introduced.

(NYC: Dan Cordtz) Results of ABC News poll on economy reported; details given. [Brookings Institution Barry BOSWORTH - says economy is threatened by excessive growth, inflation and interest rates, not recession.] Employment layoffs by Chrysler Corporation announced. [Chrysler chairperson Lee IACOCCA - says he thinks leaders in Washington, DC will now be shocked into action.] Poll results on cutting budget deficit noted.

(Studio: Peter Jennings) Report introduced.

(Chicago, Illinois: Chris Bury) Impact of events in stock market on retail level reported [WOMEN - says wont buy big now, but will still spend.] Retailers' fear that consumers may cut back on spending noted. [WOMAN - notes we spend beyond our means.] [MAN - comments on Christmas sales' expectations.] [Jaguar SALESMAN - talks about customer who cancelled order due to stock market] Medium-sized car sales noted about same as before stock market scare. [MAN - says he can afford new car.] Realtors noted expecting lowered interest rate to help housing sales. [MAN - predicts consumer spending if market bounces back.] Unpredictability of consumer spending cited.

Reporter(s):
Bury, Chris;
Cordtz, Dan;
Jennings, Peter
Duration:
00:04:00

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