Economy: Foreign Trade / Stock Market / Budget / Caterpillar

Economy: Foreign Trade / Stock Market / Budget / Caterpillar #106377

ABC Evening News for Thursday, Nov 12, 1987
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(Studio: Peter Jennings) Report introduced.

(NYC: Stephen Aug) For. trade figures for September released; details given, scenes shown. Bal. of payment figures quoted on screen. [National Association of Mfrs. spokesperson Jerry JASINOWSKI - says export figures show big improvement.] Stk. Mkt. Report Relations between stock market rise and trade deficit figures cited. [Paine Webber Maury HARRIS - says market responded to trend in trade deficits.] Budget summit conference results so far discussed. Position of conference chairperson Representative Thomas Foley on when agreement on budget deficit may be reached noted. Decline in dollar valuation cited.

(Studio: Peter Jennings) Impact of dollar decline reported Report introduced.

(No location given: Dan Cordtz) Caterpillar Tractor Company in Peoria, Illinois, featured; details given, scenes shown. [Assembly worker Dale HARRIS - says more people are coming back to work.] Boom of export in United States manufactured products due to dollar's decline stated. [Caterpillar president Peter DONIS - discusses overseas shipping.] Overseas prices for Caterpillar prods. compared on screen for 1984 and 1987. [DONIS - says change in currency alignment helped company] [Economics Editor YARDENI - predicts increase role for US econ. power linked to exports.]

Reporter(s):: Aug, Stephen;; Cordtz, Dan;; Jennings, Peter
Duration:: 00:04:20

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