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Stock Market Losers #313121

CBS Evening News for Tuesday, Oct 20, 1987
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(Studio: Dan Rather) Report introduced.

(NYC: Bob Schieffer) Stockbroker Kevin Burns' day featured. [BURNS - says everyone is blaming secretary treasurer and chairperson of Federal Reserve Bd.] [BURNS - says after the casualties, there are incredible opportunities.] [Florida INVESTOR - says he was glad to pick up hundreds of shares of Ford.] [Malcolm FORBES - says he is worth less than he was before the market plunge.] [MAN - says he lost several thousand dollars and that was a lot for him.] California employees pension fund and Florida pension fund losses reported [Florida SPOKESPERSON - says Florida employees need not be alarmed.] College endowments' losses mentioned. Loss of confidence by consumers said to be biggest danger. [Econ. Lawrence KUDLOW - says he thinks the plunge will depress consumer spending and business activity and trigger a recession.] Mkt.'s rising toward day's end noted.

Reporter(s):
Rather, Dan;
Schieffer, Bob
Duration:
00:02:30

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