This program is 28 minutes long
(Studio: Peter Jennings) Report introduced.
(Studio: Stephen Aug) Decision by New York Stk. Exchange to cut back number of trading hrs. for next 3 days reported [New York Stk. Exchange spokesperson Richard TORRENZANO - says time needed to process huge order flow.] Chaos resulting from large number of orders this week discussed. [Associate director Bears Stearns Peter CANELO - says we can't read too much into fluctuations of market because market process has been strained.] Role of "market makers" in stock market and how they have been overwhelmed this week detailed. [Broker Fidelity Trading Debbie PETRASEK - notes problems in executing orders.] [MEN - favor cutback in hrs.] Stk. Mkt. Report Response of stock market to comments of forecaster Robert Prechter and to activities in Persian Gulf noted. Mkt. noted to be still unsettled, but not chaotic.
(Studio: Peter Jennings) Role of computers in handling stock trading reported Report introduced.
(NYC: Dan Cordtz) How stock trading actually transacted featured; details given, scenes shown. Historical film of stock market shown. Steps in computerized transactions detailed. Taxing of the capacity of this computerized system noted.
(Studio: Peter Jennings) Anchor's discussion of cutback in market hrs. with vice-chairperson New York Stk. Exchange William Schreyer. [SCHREYER - says decision to cutback hrs. is common sense; says investors must stay calm and wait for market to recorrect itself; calls for straight talk from President Reagan about deficit and trade.]
(Studio: Peter Jennings) Upcoming press conference with President Reagan announced. Report introduced.
(DC: Sam Donaldson) Reagan's conciliatory statement on deficit and budget reported Congress Democrats' demands for face to face meeting with Reagan about budget compromise noted; Reagan's response outlined on screen. White House chief of staff Howard Baker noted admitting Reagan may have to accept higher taxes. [Senator Robert DOLE, Representative William GRAY - note Reagan's willingness to negotiate.] [Senator Pete DOMENICI - says there is room for added revenues.] Last Reagan press conference noted occurred on Mar. 19. Topics of press conference predicted.
(Studio: Peter Jennings , Sam Donaldson) Issue of President's likely handling of press conference discussed. Necessity of Reagan's clear explanations on economy and his willingness to negotiate economy issues, include taxes, noted.
(Studio: Peter Jennings) Live coverage of press conference announced.
(Studio: Peter Jennings) Report introduced.
(Persian Gulf: Steve Shepard) Iranian missile attack on Kuwait oil loading platform in Persian Gulf reported; details given, scenes shown courtesy Kuwait TV. Last Friday's attack on Kuwait tanker recalled. Dependence of Kuwait's oil-based economy on this platform noted; map shown. Navy convoy of 2 US-flagged Kuwaiti tankers shown. Possibility of installation by Kuwait of Hawk missiles on Faylakah Island in Gulf between Kuwait and Fao Island, on which Iran silkworm missiles are based, reported Iranian willingness to attack any enemy in Gulf reiterated.
(Studio: Peter Jennings) United States response to attack noted; military response said unlikely.
(Studio: Peter Jennings) Letter said received from Islamic Jihad containing new pictures of hostages Terry Anderson and Jean-Paul Kauffman and declaring readiness to attack United States &European naval forces in Persian Gulf.
(Studio: Peter Jennings) President Reagan said not likely to mention summit with USSR leader Mikhail Gorbachev in his upcoming press conference Report introduced.
(Moscow, USSR : John McWethy) Mtg. of Secretary of State George Shultz and for. minister Eduard Shevardnadze to discuss date for summit reported [SHULTZ - says we're here to solve problems.] [SHEVARDNADZE - (thru translator) discusses negotiations with Shultz.] Train ride from Finland to Moscow for Shultz and delegation, include NSC's Frank Carlucci, due to snowstorm closing airport detailed; scenes shown. Issues dealt with in Moscow talks, include human rights and Persian Gulf, noted. Joint response by representatives in press conf. noted. [State Department spokesperson Charles REDMAN - calls mtgs. constructive.] Short working visit to United States by Gorbachev noted a probability, but trip to Reagan ranch doubtful.
(Studio: Peter Jennings) Theft of computer software relevant to SDI/Star Wars research reported by ABC's Dennis Troute.
(Studio: Peter Jennings) USSR exile Joseph Brodsky noted awarded Nobel prize for literature. Previous Soviet authors awarded prize noted. include Boris Pasternak and Aleksandr Solzhenitsyn.
(Studio: Peter Jennings) Nancy Reagan's recent mastectomy for breast cancer recalled; her return home noted. Report introduced.
(DC: George Strait) Impact of Nancy Reagan's surgery on breast cancer in American reported [Beth Israel Hospital spokesperson Dr. Susan LOVE - says women should demand mammograms.] Surgical options for cancers similar to Reagan's detailed: lumpectomy, lumpectomy plus radiation or modified radical mastectomy. Criticism of Nancy Reagan's choice of option noted. [Cancer advisory center Rose KUSHNER - fears older women, fearing mastectomy, will not have mammogram.] [Georgetown Univ. Hospital Dr. William FELLER - says mastectomy generally prevents return of cancer.] Nancy's decision re: options discussed. [LOVE - says Reagan decision was too quick.] Issues of early detection and surgical options reviewed.
(Studio: Peter Jennings) Collapse of apt.house under construction in Bridgeport, Connecticut, last year recalled; scenes shown. Government report on incident outlined on screen; companies involved noted fined.
(Studio: Peter Jennings) Andy Warhol quoted with regard to being famous briefly. Report introduced.
(Middletown, New Jersey: Ned Potter) Replacement players used during NFL football strike featured; details given, scenes shown. [Replacement player David AUPIU - says we all play football.] [Replacement player Todd BLACK - says playing fulfilled his dream.] Game film shown. Regular players' resentment of "scabs" noted. [Dallas Cowboys player John DUTTON - says they are marked people.] [Replacement player Harry FLAHERTY - says he did play football; notes he did what he thought was right.] [Replacement player Robert "Buzz" SAWYER - says would do it again.] These players' 3 wks. of glory noted.