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Stock Market Report (S: Dan Rather) #313146

CBS Evening News for Thursday, Oct 22, 1987
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(Studio: Dan Rather) Report introduced.

(NYC: Ray Brady) Trading hrs. for next three days being shortened reported [New York Stk. Exchange Richard TORRENZANO - says he is shortening hrs. on Monday, Tues and Wednesday] Need to catch up on paperwork noted. [Stk. analyst Michael METZ - says he expects a slight recession to begin within the next few mos.] Former President Herbert Hoover's optimistic statement made after Black Monday being compared to Reagan's discussed. [REAGAN - says all business is up and there is nothing wrong with the economy] [Econ. Pierre RINFRET - says his colleagues are calling the President "Herbert" Reagan.] Investors purchasing bonds mentioned. [RINFRET - says we are in serious economy and financial trouble.] Wall Street speculation that no relief in sight noted.

Brady, Ray;
Rather, Dan

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