CBS Evening News for Friday, Aug 23, 1974
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(Studio) Econ. news bad. News Secretary, Jerry Terhorst says President Ford sees problems as grievous, but will hold off major decisions until after economy summit meeting Budget Director Roy Ash says administration will cool inflation fevers even if it produces unemployment. Stk. market report given. Report on Wall Street
REPORTER: Roger Mudd
(NYC) Chart of market's slide shown. [BACHE and Company, Incorporated Lawrence WACHTEL - says tangible program needed.] [Reynolds Securities, Incorporated Robert STOVALL - says people rushing to liquidate.]
REPORTER: Mitchell Krauss
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