× The Vanderbilt Television News Archive is currently closed to in-person research, but is still fulfilling loan requests. For the latest information about COVID-19 (coronavirus disease), visit vu.edu/coronavirus.
Search the Archive

Economy / Minimum Wage Hike / Bus. Confidence #248952

CBS Evening News for Friday, Oct 14, 1977
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) Congress conference committee agrees on details of minister wage hikes, to begin in 1978. Details noted. Mbrs. of Bus. Council predict economy will grow only enough next year to keep unemployment from getting worse; is because, they say, President Carter hasn't given busmen. confidence by not citing consistent economy plan.
REPORTER: Walter Cronkite

(New York City) Report on effect of pessimism in business world on stock market Dow-Jones Ind. Av. drop this year noted. Many in stock market say it's because economy policies of Carter and advisers have turned off everyone. [Drexel, Burnham and Lambert, Incorporated spokesperson I.W. BURNHAM, II - says administration policies haven't pleased minorities or labor and are confusing to business] Bus. also fears government will, in efforts to cut inflation, cut money supply too sharply, slowing business down sharply. What happens on stock exchange affects entire country

Brady, Ray;
Cronkite, Walter

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.