Shopping Cart
Your Shopping Cart is empty
Visit Store
White House Diaries
October
20
1987
October 20, 1987
Tuesday, October 20, 1987
First meeting discussed mkt. Howard said we’d meet with Alan Greenspan, Jim Baker & Beryl Sprinkel later in day. The Fed announced they would add a little liquidity to the money supply & 2 major banks reduced their interest rates. Chmn. of Stock Exchange is acting very upset. Sale of Long Range Bonds is up. Mkt. in Hong Kong shut down for a week. (At 2:35 in the afternoon 490 mil. shares had been traded & the Dow was up 59.83 points).
We also learned a list of possibles for Sup. Ct. will be along shortly. Incidentally 3 ladies are possibles for Sec. of Labor—Mrs. McLaughlin, Carla Hills & Connie Horner. Then a briefing for the upcoming meeting with P.M. Gandhi of India. And the meeting—I’ve gotten us on a 1st name basis. It was a good session including the working lunch. I believe we have a good personal relationship that carries over to our 2 nations. After his departure I met 6 incoming Ambassadors & their familys. Then went up to the W.H. & had the meeting I mentioned.
It was a good one—we are going to meet with the Dem. & Repub. leaders of Cong. to work out a process to balance the budget among other things. At 4 P.M. the mkt. closed at 108.27 up & 640,000,000 shares traded.
Out to the hospital—Dick arrived also & we had dinner together. Nancy is fine.
