CBS Evening News for Tuesday, Oct 27, 1987
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(Studio: Dan Rather) Report introduced.
(NYC: Ray Brady) Rising Dow Jones Ind. Avs. graphically shown. Stk. Mkt. Report Better day for Wall Street noted. [MAN - says it is better up than down.] [MAN - says it will be even better tomorrow.] Huge losses for long-time winners discussed. [Brokerage analyst Perrin LONG - says firms will have to have layoffs because in certain sectors of their business they are not making any profits.] Investor Vernon Lamberg of Appleton, WI, said to have committed suicide after losing a lot of money. Virginia brokerage house having to close mentioned. [Owner Carole HAYNES - says she will lose the assets to this business and her home.] Consumer spending said expected to decrease and slow the economy [WOMAN - says when she buys a house , depends on the state of the market] Chrysler layoffs not related to the crash rptd; details given, scenes shown. [Lee IACOCCA - says if house and car buying slow down then church is out.]
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