× 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

Economy / Carter Monetary Policy / Dollar / Stock Market Report #496548

NBC Evening News for Wednesday, Nov 01, 1978
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. For any such use, please visit NBC NEWS Archives XPRESS.

(Studio) Admin. steps to strengthen United States dollar detailed; increase in dollar value on foreign money markets, greatest single day increase in stock market history noted.
REPORTER: David Brinkley

(DC) [President CARTER - says United States dollar decline unwarranted.] Specific monetary policy measures outlined; danger of new policy leading to recession noted.
REPORTER: Irving R. Levine

(NYC) Largest one-day stock market increase stated; effect of Federal Reserve Board announcement with regard to raising discount rate on market reported [Morgan Stanley and Company executive Robert BALDWIN - says today significant in United States financial history.] United States dollar increases against foreign currencies stated; gold price decline detailed.
REPORTER: Mike Jensen

(London, England) Incr. of United States dollar against British pound reported [National Westminster Bank executive W.F.J. BATT - says strong, stable dollar important for international trade.] Importance of reducing United States trade deficit mentioned.
REPORTER: Paul Cunningham

(Studio) Factors leading President Carter to act despite risk of recession detailed.
REPORTER: John Chancellor

(DC) Treasury Department official Anthony Solomon role in development of announced monetary policy noted; unusual nature of actions for Demo president noted; administration official's statement with regard to positive image of Carter's actions reported
REPORTER: Judy Woodruff

Reporter(s):
Brinkley, David;
Chancellor, John;
Cunningham, Paul;
Jensen, Mike;
Levine, Irving R.;
Woodruff, Judy
Duration:
00:07:00

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.