ABC Evening News for Monday, Aug 07, 1972
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(Studio) Stk. market responds to McGovern.
REPORTER: Harry Reasoner
(NYC) Many brokerage house president opposed McGovern's views on economy With his nomination, many are no longer available for comment. Chairperson of Merrill, Lynch has said he doesn't understand McGovern's economic policy. Now his public relations man refuses comment. Paine, Webber has also softened opposition. [Econ. Pierre RINFRET - says McGovern's economy program would produce stagnation or recession.] [Paine, Webber, Jackson, and Curtis Vice President Bob JOHNSON - says people in stock market exaggerate. McGovern's policies wouldn't do that much damage.] [Shearson, Hammill, and Company, Incorporated Vice President Bob ALLEN - doesn't fear McGovern presidency.]
REPORTER: Lem Tucker
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