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(Studio) Federal Reserve Bd. chairperson Paul Volcker's claim that interest rates will drop if deficits are reduced next year outlined. Ind. production, retail sales for December reported, 1984 retail sales in general mentioned.
REPORTER: Tom Brokaw
(NYC) 1984 domestic auto industry reviewed; profits for General Motors, Ford, Chrysler listed. [Dealer Bill COOK - praises situation.] United States car sales since 1982 graphed on screen; apparent basis of growth listed. Possible impact of government's relaxation of limits on Japanese imports, prices considered. [MAN - praises United States cars.] [Ford chairperson Philip CALDWELL - claims United States auto industry is competent.]
REPORTER: Mike Jensen
- Brokaw, Tom;
- Jensen, Mike
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