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Economy: Dollar / Stock Market #553382

NBC Evening News for Thursday, Oct 29, 1987
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(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.

Brokaw, Tom;
Hager, Robert;
Jensen, Mike

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