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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.
REPORTER: Ray Brady

(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

Reporter(s):
Brady, Ray;
Cronkite, Walter
Duration:
00:02:10

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