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Economy: Dollar / Reagan #553576

NBC Evening News for Tuesday, Nov 10, 1987
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(Studio: Tom Brokaw) Report introduced.

(NYC: Mike Jensen) President Reagan's reaction to falling United States dollar reported [President REAGAN - comments.] "New York Times" assertion that President Reagan had wished for dollar to fall noted. Scenes of Tokyo, Japan, market shown. Devaluation of United States dollar and its impact upon international market discussed. Reduction of trade deficit resulting from falling United States dollar also noted. Effects upon stks. and bonds in United States mentioned. [The Blackstone Group Roger ALTMAN - comments.] For. investment procedures graphically illustrated. Impact of plunging dollar upon those types of investments detailed. [Merrill Lynch Tokyo William STERLING - remarks.] For. investors ceasing to do business in US, thus causing int. rates to climb, noted. Fears of recession discussed.

Reporter(s):
Brokaw, Tom;
Jensen, Mike
Duration:
00:03:10

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