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Iraq Invasion of Kuwait / Oil #130578

ABC Evening News for Saturday, Aug 04, 1990
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[PROGRAM NOTE: BROADCAST JOINED IN PROGRESS]

(Washington: Forrest Sawyer; London: Barrie Dunsmore) Discussion held of impact of Iraq's invasion of Kuwait on world economy and oil prices.

(Studio: Forrest Sawyer) Report introduced.

(New York: Sander Vanocur) Impact on American consumers featured; details given of announcement of fuel surcharge by Northwest Airlines and of rise in gasoline prices. [Auto analyst David HEALY - predicts a modest price increase.] [Bear Stearns chief economist Lawrence KUDLOW - comments on economy.] Unemployment inflation figures for July cited. [First Boston chief economist Allen SINAI - talks about recession.] Impact of events on budget-cutting process noted.

Reporter(s):
Dunsmore, Barrie;
Sawyer, Forrest;
Vanocur, Sander
Duration:
00:03:20

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