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Stock Market / Economy #501392

NBC Evening News for Wednesday, Oct 10, 1979
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(Studio) Biggest trading day in history of stock market reported Dow Jones index given. Federal Reserve Bd. move against inflation by making money more expensive to borrow noted.
REPORTER: John Chancellor

(NYC) Exchange scenes shown. Day described. Fear of depression noted. [Citibank chairperson Walter WRISTON - predicts 6 mos. of bad times.] Gold price rise reported Drop of dollar noted. 1929 crash, 1930 depression said not expected; serious recession predicted.
REPORTER: Mike Jensen

(NYC) Scenes on Wall Street shown. Gloom noted. [INVESTORS - react.]
REPORTER: Lloyd Dobyns

(Studio) Extent of trading noted. Govt. reaction and public effect considered.
REPORTER: John Chancellor

Chancellor, John;
Dobyns, Lloyd;
Jensen, Mike

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