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Nixon / Economy / Stock Market #209450

CBS Evening News for Tuesday, Apr 28, 1970
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(Studio) Nixon to give national economy speech within 2 weeks; President confident; speech not linked to stock market decline. [STK. MKT. REPORT]
REPORTER: Walter Cronkite

(NYC) Wall Street angry at Nixon's economy restraints. [Charles ROLLO - doesn't blame Nixon administration entirely; he inherited problem.] [Monte GORDON - says 1st quarter profit reports caused recent slump.] Trading volume slack, may plunge.
REPORTER: Mike Stanley

(Studio) President reaction follows.
REPORTER: Walter Cronkite

(DC) Nixon hears campaign contributors' economy complaints; still wants inflation slowed.
REPORTER: George Herman

(Dallas, Texas) [Chairperson Council Econ. Advisers Paul McCRACKEN - reports trouble causes inflation expectations, profit margin squeeze, market money demands and readjustments.
REPORTER: Tom Wilson (KRLD-TV newsfilm)

(DC) Democrats see campaign issue.
REPORTER: George Herman

(DC) [Democratic Party Chairperson Lawrence O'BRIEN - claims situation demands President power in public interest.]
REPORTER: David Dick

(DC) Admin. claims present course right, will continue
REPORTER: George Herman

Cronkite, Walter;
Dick, David;
Herman, George;
Stanley, Mike

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