CBS Evening News for Friday, Mar 01, 1985
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(Studio) "STK. MKT. RET".
(DC) Stk market's record closing average today and January index of leading economy indicators noted; strength of economy in general and specifically resurgence of US auto industry said leading to President Reagan's decision not to seek extension of Japan's vol. auto export quota to US. [Commerce Secretary Malcolm BALDRIGE - defs. decision.] Anticipated effect on American consumer and auto industry discussed. [Senator Don. RIEGLE - fears incrd. unemployment.] [UAW president Gwen BIEBER - attacks President's decision.] [Toyota spokesperson Robert McCURRY - praises move.] [Paine Webber spokesperson Ann KNIGHT - doesn't believe Japanese mfrs. will flood United States mkts.; explains.] President Reagan's statement quoted on screen; possibility of protectionist legislature if Japan doesn't reciprocate considered.
REPORTER: Lesley Stahl
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