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Biggest Day On Wall Street / Economy / Inflation #53429

ABC Evening News for Friday, Apr 14, 1978
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(Studio) Biggest trading day on stock market reported Film shown. Dow Jones average cited. Mar. rise of industry product noted. Employment rate expected to rise. Admin. claim with regard to sound economy recalled. Inflation now said object of fight.
REPORTER: Barbara Walters

(DC) Explanation of why Wall Street day was so big reported Film shown. Higher car sales, industry product, dollar value, slower growth of money supply noted. Federal Reserve Bd.'s actions explained. Income tax cuts said not to be as high as Carter proposal; thus holding down federal deficit. Higher Soc. Security taxes for next year thought not to take effect, thus holding down labor costs. Effect of this on inflation explained. Irony of situation with regard to stance of Carter administration, noted.
REPORTER: Dan Cordtz

(Studio) Carter meeting with Robert Strauss reported Strauss efforts against inflation noted.
REPORTER: Frank Reynolds

Cordtz, Dan;
Reynolds, Frank;
Walters, Barbara

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