NBC Evening News for Thursday, Oct 29, 1987
View other clips in this broadcast →
Material supplied by VTNA may be used for educational analysis or research only. Any editing, reproduction, publication, rebroadcast, public showing or public display may be prohibited by copyright laws. For any such use, please visit NBC NEWS Archives XPRESS.
(Studio: Tom Brokaw) Report introduced.
(NYC: Mike Jensen) Huge rally in point gains reported Decline in US dollar announced; details given, scenes shown. [Chase Manhattan Jack KESSLER - expects dollar to continue to weaken.] Dollar weakening said making foreign goods sold in United States more expensive. [Audio dealer Ron MILLS - says price increase shouldn't be seen until first of new year or spring.] Dow Jones Industrial Average rising more than 90 points reported Importance of situation discussed.
(NYC: Robert Hager) Anxiety of Wall Street workers featured. Traders' comments quoted. [Trader Marvin KORNFELD - says he knows people who have lost a million dollars in a couple of days.] [CORNFELD - says of last week's plunge that he was devastated.] [Trader Glen FULLER - says he told his wife they would have to cut back because it was going to be tight.] Losses and layoffs discussed. [Trader Tom COLLINS - says everyone is afraid they will be laid off.] [Psychiatrist Jay RILEY - says he has seen people who blame themselves in a very vicious way for the money they have lost.] [Broker Martin RIZZOTTI - says that after twenty years you do get burned out.] Wall Street being in for difficult times noted.
Note to sponsor members: The Vanderbilt Television News Archive video player requires a modern operating system and browser to work properly. If you are experiencing playback problems, check the minimum requirements and adjust your setup accordingly. After adjustments, if you continue to experience problems, please contact us.
Welcome! Above is the abstract of the item that you're interested in viewing from the Vanderbilt Television News Archive's collection. You have three options if you'd like to view this item:
If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.