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Money Matters: Stock Market #112247

ABC Evening News for Friday, Jan 08, 1988
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(Studio: Peter Jennings) Report introduced.

(NYC: Stephen Aug) Large drop in stock market reported Stk. Mkt. Report Monthly unempl. figs. given. Rel. of possible inflation and rising interest rates noted. [Paine Webber analyst Mary FARRELL - discusses factors leading to market drop.] Negative earnings forecast for Tandem Computers reported causing high tech stocks to plunge.

(Studio: Peter Jennings) Report introduced.

(DC: Sheilah Kast) Recommendations of President Reagan's task force established to study October stock market collapse reported [Commission head Nicholas BRADY - wants to improve stock market system.] Commission suggestions outlined on screen; role of Federal Reserve Bd. noted. [BRADY - explains reasons for precipitous declines.] [Twenty-First Secs. spokesperson Robert GORDON - opposes price limits on stocks.] Comments by President Reagan with regard to commission report mentioned.

(Studio: Peter Jennings) Report introduced.

(NYC: Betsy Aaron) Layoffs among Wall Street workers featured; statistics outlined on screen. [PEOPLE - explain layoffs.] [Outplacement Agency spokesperson William MORIN - predicts number jobs to be eliminated in financial community.] [Outplacement Agency spokesperson Ronald BRALEY - comments.] Approaches to getting new job detailed. [PEOPLE - make telephone calls.] [BRALEY - (ed: different man) discusses feelings of rejection suffered by those fired.] [Laid-off EMPLOYEES - comment.] [BRALEY - explains workers' loss of identification]

Reporter(s):
Aaron, Betsy;
Aug, Stephen;
Jennings, Peter;
Kast, Sheilah
Duration:
00:06:20

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