× The Vanderbilt Television News Archive is currently closed to in-person research, but is still fulfilling loan requests. For the latest information about COVID-19 (coronavirus disease), visit vu.edu/coronavirus.
Search the Archive

Money Matters: Stock Market / Prime Rate / Reagan-Cong. #313710

CBS Evening News for Thursday, Nov 05, 1987
View other clips in this broadcast →

Material supplied by VTNA may be used for educational analysis or research only. Any editing, reproduction, publication, rebroadcast, public showing or public display may be prohibited by copyright laws.

(Studio: Dan Rather) Report introduced.

(Studio: Ray Brady) Int. rate cut reported Major banks cutting prime rate credited for aiding stock market [Mortgage Bankers Association Warren LASKO - discusses lowering of rates.] Impact of rate cut upon economy noted. [Int. rate analyst James GRANT - discusses rate cut.] Lower rate causing US dollar to be devalued mentioned. [MAN - says recession is the last thing the government wants.] [GRANT - fears inflation.] People traveling abroad not having as much spending power asserted.

(London, England: Bill McLaughlin) Effects of lowering dollar abroad cited. [For. exchange dealer Trevor CASS - discusses need to reduce US budget deficit.] President Reagan being derided by British press mentioned; scenes shown. [Econ. Michael OSBORNE - Reagan needs to act firmly on the deficit problem.] [Chancellor of the Exchequer Nigel LAWSON - blames US for international market troubles at government dinner.] United States impact on world economy noted.

Reporter(s):
Brady, Ray;
McLaughlin, Bill;
Rather, Dan
Duration:
00:04:00

Note to sponsor members: The Vanderbilt Television News Archive video player requires a modern operating system and browser to work properly. If you are experiencing playback problems, check the minimum requirements and adjust your setup accordingly. After adjustments, if you continue to experience problems, please contact us.

Welcome! Above is the abstract of the item that you're interested in viewing from the Vanderbilt Television News Archive's collection. You have three options if you'd like to view this item:

  • You may request a loan of this video by registering on our website and placing an order.
  • You may visit the Television News Archive on the Vanderbilt campus to view on-site from the Archive's collection.
  • If you are associated with a college or university, you may ask your library if they would like to become a sponsor, which would give students and faculty at your institution the ability to view items from our collection.

If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.