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Stock Market #313174

CBS Evening News for Friday, Oct 23, 1987
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(Studio: Dan Rather) Report introduced.

(NYC: Ray Brady) US, British and Japanese market drops resulting from President Reagan's news conference reported [Broker Robert KLEIBER - says there is a lot of skepticism regarding President Reagan's and Congress's willingness to deal with the deficit.] [Trader David GEFFNER - says he was surprised Reagan did not say anything stronger to give the market more confidence.] New York Stk. Exchange's closing early to allow employees to catch up on work mentioned. [MAN - says the pressure from this week has been hell.] Losses from this wk. mentioned. [MAN - says he has lost all of his hard-earned money and will never invest in the stock market again.] [Broker Jack McSWEENEY - says he gets a lot of calls from people in the business who are scared and he tells them not to enter market unless they are using money they can afford to lose.] Reagan's repeated statement that economy sound quoted. [REAGAN - says the future for the economy is bright with low inflation and high employment.][Econ. Don. STRASZHEIM - says the economy cannot be described as fundamentally sound until there is progress made on the budget.] Fear that plunge will repeat noted.

Brady, Ray;
Rather, Dan

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