NBC Evening News for Wednesday, Oct 21, 1987
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(Studio: Tom Brokaw) Report introduced.
(NYC: Irving R. Levine) Effects of stock market spiralling upon consumer confidence and spending discussed. [WOMAN - says she had been thinking about buying a new car but will wait a while now.] Int. rates lowering mentioned. [REAGAN - says he is pleased that 2 banks lowered their prime rates and there is room in the market for further decline.] Assurances from Federal Reserve Bd. that interest rates will come down further noted. [US Chamber of Commerce Richard LESHER - says a drop in interest rates will spur the economy in the two major areas of home and car purchases.] Consumer debt graphically shown. Consumer holiday shopping discussed. [FAO Schwarz Peter HARRIS - says he is concerned and as scared as everyone else.] Probability of interest not staying down for long said great. Recession said feared by government