CBS Evening News for Monday, Apr 11, 1977
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(Studio) Several mos. ago, experts predicted stockmarket would smash old records to new highs in spring, but hasn't been so.
REPORTER: Walter Cronkite
(NYC) Indications of investment slowdown on New York Stk. Exchange and in Dow-Jones industry average Busmen. say Wall Street problems come from government [Broker Townsend BROWN - says many wonder if Carter can combat inflation and stimulate economy at same time.] Busmen. say Carter programs could bring more inflation. They expect stimulus program to be weak and fear tax rebate will cause more spending, making prices go higher. [BROWN - says rebate like getting something for nothing and may drive prices up.] Reasons for corps.' non-investment policies noted. [Bank economist George McKINNEY - says nation's rate of growth depends on business investments.] Busmen. also fear Carter energy package
REPORTER: Ray Brady
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