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Stock Market / Economy #255167

CBS Evening News for Friday, Oct 20, 1978
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(Studio) Bad week for stock market reported Today's figs. given. Inflation blamed for bad performance.
REPORTER: Walter Cronkite

(NYC) Stk. exchange scenes shown. Drop in Dow-Jones average reported 1929 crash recalled. [Stk. trader Ed BRANIFF - speaks of bad experience.] New, small investors said selling. [Stk. trader Philip DUCCIO - says trading of gambling stks. credited for crash.] High interest rates and national economic effect noted.

(Studio) Economic news said not all bad. gross national product figs. shown. Economy said by government growing in 3rd quarter of year Commerce Department quoted with regard to 7% inflation during summer. No big drop in inflation said expected in 1978.
REPORTER: Walter Cronkite

Brady, Ray;
Cronkite, Walter

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