This program is 11 minutes long
#130578
[PROGRAM NOTE: BROADCAST JOINED IN PROGRESS]
(Washington: Forrest Sawyer; London: Barrie Dunsmore) Discussion held of impact of Iraq's invasion of Kuwait on world economy and oil prices.
(Studio: Forrest Sawyer) Report introduced.
(New York: Sander Vanocur) Impact on American consumers featured; details given of announcement of fuel surcharge by Northwest Airlines and of rise in gasoline prices. [Auto analyst David HEALY - predicts a modest price increase.] [Bear Stearns chief economist Lawrence KUDLOW - comments on economy.] Unemployment inflation figures for July cited. [First Boston chief economist Allen SINAI - talks about recession.] Impact of events on budget-cutting process noted.
#130579
(Studio: Forrest Sawyer) Threat from anti-government rebel leader Prince Johnson against American and other civilians in Monrovia, Liberia, reported. Possibility that United States Marines could evacuate remaining Americans noted.
#130581
(Studio: Forrest Sawyer) Report introduced.
(Capitol Hill: Jim Wooten) Rare Saturday meeting of Senate to draw up a defense budget featured; details given of cuts of SDI/Star Wars budget as pushed by Senators Jeff Bingaman and Richard Shelby. [Senator John McCAIN - opposes cuts.] Iraq and President Saddam Hussein mentioned.
#130582
(Studio: Forrest Sawyer) Report introduced.
(Capitol: Sheilah Kast) Wrapping up by House of Representatives of its legislative agenda featured; scenes shown; details given of late legislation in various areas. [Representative David BONIOR - talks about oil spill legislation.]
#130584
(Studio: Forrest Sawyer) Report introduced.
(Studio: Ray Gandolf) Criminal Type shown winning horse race at Saratoga and Harmonious shown winning Hambletonian harness race at Meadowlands. Pro football's Hall of Fame exhibition game at Canton, Ohio, between Chicago Bears and Cleveland Browns reported; touchdown and induction of Tom Landry into Hall of Fame shown.
#130586
(Studio: Forrest Sawyer) Installation of new government in Kuwait by Iraqi President Saddam Hussein and movement of Iraqi troops into Neutral Zone between Saudi Arabia and Kuwait reviewed; details given of economic sanctions against Iraq by Western Europe and Japan. Eleven Americans who were reported missing during fighting in Kuwait said showing up in Baghdad, Iraq.
#683627