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(New York City: Peter Jennings) (Report in progress.) Record Dow Jones loss today noted.
(New York City: Sander Vanocur) Mkt.'s response to dollar's continued decline and United States-Japan trade conflict examined; details graphed on screen. [Analyst Robert PRECHTER - interprets market's decline.] Commerce Secretary Malcolm Baldrige's announcement recently of trade sanctions against Japan recalled. [Mkt. strategist Michael METZ - cites fear of trade war and weakened bond market] Stk. Mkt. Report
(Studio: Peter Jennings) Report introduced.
(Tokyo, Japan: Jim Laurie) Dollar's continued decline against yen examined; details given, scenes shown. Role of United States sanctions against Japan's electronic industry considered. [Vice minister of international trade Makoto KURODA - claims market's improving.] Status of United States-Japan trade negotiations mentioned.
(Studio: Peter Jennings) Dow Jones' drop explained.
- Jennings, Peter;
- Laurie, Jim;
- Vanocur, Sander
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