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Economy: Stock Market #313238

CBS Evening News for Wednesday, Oct 28, 1987
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(Studio: Dan Rather) Layoffs by L.F. Rothschild and Salomon Brothers announced. Report introduced.

(NYC: Ray Brady) Loss of jobs on Wall Street featured. [Broker Tom MORRIS - says it has been such a good thing for the past few years and now the good thing is coming to an end.] Massive layoffs by corps. mentioned. [Investment analyst Brenda McCOY - says the gravy days in this industry might be over.] Young college graduates making millions on Wall Street noted. [Executive recruiter Dave HART - says he has calls from young stockbrokers who are worried about their jobs.] Half of Wall Street employees being under age 35 noted. [Broker John WELDON - says maybe the laid-off workers will drive taxis.] [MORRIS - asks where do you go from large salary to being on the street]

Brady, Ray;
Rather, Dan

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