Search the Archive

Economy / Market / Phase I and II #13300

ABC Evening News for Friday, Nov 12, 1971
View other clips in this broadcast →

Material supplied by VTNA may be used for educational analysis or research only. Any editing, reproduction, publication, rebroadcast, public showing or public display may be prohibited by copyright laws.

(Studio) Report on reaction to phase I.
REPORTER: Harry Reasoner

(NYC) Wage-price freeze helped stock market Chart of improvement shown. Mkt. immune by September [Mkt. Analyst Monte GORDON - describes sobering 2nd thoughts of market with regard to phase I and uncertainty with regard to government ability to run such program.] Mkt. reaction to phase II poor. Confidence needed.
REPORTER: David Snell

(Detroit, Michigan) 1/4 of every United States dollar goes to auto and related services. One million autos sold in October Car buying high; freeze stimulated car sales. [Vice President Ford Sales Matt McLAUGHLIN - says always cautious; notes enough inventory to take care of future sales increases] Wage increases for auto workers as car prices will rise.

Gale, Kenneth.;
Reasoner, Harry;
Snell, David

Note to sponsor members: The Vanderbilt Television News Archive video player requires a modern operating system and browser to work properly. If you are experiencing playback problems, check the minimum requirements and adjust your setup accordingly. After adjustments, if you continue to experience problems, please contact us.

Welcome! Above is the abstract of the item that you're interested in viewing from the Vanderbilt Television News Archive's collection. You have three options if you'd like to view this item:

  • You may request a loan of this video by registering on our website and placing an order.
  • You may visit the Television News Archive on the Vanderbilt campus to view on-site from the Archive's collection.
  • If you are associated with a college or university, you may ask your library if they would like to become a sponsor, which would give students and faculty at your institution the ability to view items from our collection.

If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.