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Economy #260978

CBS Evening News for Tuesday, Oct 09, 1979
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(Studio) President Carter's declaration of war on inflation and stock market's reaction to recent economy events reported.
REPORTER: Walter Cronkite

(DC) Carter reported standing on economic policy despite possible political damage to him in primaries; details given. [CARTER - discusses inflation, economic policy.] Carter quoted with regard to United States dollar and gold market
REPORTER: Robert Pierpoint

(Studio) Major banks reported announcing unprecedented jump in prime lending rate; details given. STK. MKT. REPORT
REPORTER: Walter Cronkite

(NYC) Implications for consumer of market activity examined; prime rate increases since last quarter 1978 outlined on screen. [Car dealer Larry SANDERS - discusses impact on auto business] Higher food costs cited. [Sloan's supermarket chairperson Jules ROSE - comments.] Implications for home buyers examined; increased interest rate for late income tax mentioned.

Brady, Ray;
Cronkite, Walter;
Pierpoint, Robert

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