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Economy / Steel Price Hike / Indicators #498136

NBC Evening News for Thursday, Mar 30, 1978
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(Studio) Admin. reaction to steel price hike noted. United States Steel's announcement on Wednesday and National Steel's today reported Statements by both President Carter and Vice President Walter Mondale cited; Carter's was made during press conference in Brazil. Film shown. [CARTER - calls United States Steel hike excessive and unwarranted by recent coal settlement. Will receive report from Wage and Price Council today.]
REPORTER: John Chancellor

(Studio) United States Steel's reply to Carter's comments reported.
REPORTER: David Brinkley

(Chicago, Illinois) United States Steel's reasons for price hike listed. [US Steel president David RODERICK - calls coal settlement inflationary and says any price incr. will be so. Company didn't make price increase for it to be rolled back.] Effects of steel rate hike noted.
REPORTER: Al Johnson

(Studio) Harris poll results with regard to Carter's handling of economy reported.
REPORTER: John Chancellor

(DC) Admin. options for dealing with steel rate hike listed. Vice President Mondale's discussion of wage and price controls noted. [MONDALE - states admin. opposition to wage and price controls.] Problems involved in easing restrictions on imports of steel from Japan and elsewhere examined. President Kennedy's jawboning with industry after 1962 Price increase noted; film shown. [KENNEDY - comments on industry rate hike.] Kennedy's order to FBI agents to go to reporters' homes to get any information they might have mentioned. Film shown. [CARTER - cites views of Present increase] [KENNEDY - cites views of 1962 increase] Steel industry reverse in hike in 1962 noted.
REPORTER: Tom Pettit

(Studio) Unchanged nature of February economy indicators from those of January reported Effects of winter weather and coal strike noted.
REPORTER: David Brinkley

Brinkley, David;
Chancellor, John;
Johnson, Al;
Pettit, Tom

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