News stories from Tuesday June 3, 1980
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Ramsey Clark urged Iranian officials to free the 53 American hostages and volunteered to take the place of any of them to help end the crisis. The former Attorney General, who is leading an American delegation to a Teheran conference in defiance of a Washington-imposed travel ban, said he was making the appeal to aid the Iranian revolution, the rights of the captives and world peace. [New York Times]
- President Carter won enough delegates in the final eight state primaries to secure the majority needed for renomination at the Democratic National Convention in August. Senator Edward Kennedy won the New Jersey and Rhode Island primaries, but Mr. Carter was victorious in Ohio and was easily assured of a majority of the 3,331 convention delegates.
President Carter reflected confidence that the final primaries had insured his renomination. He made it clear that he considered the Democratic presidential contest over and he said that he would call Senator Kennedy soon to "congratulate him on a great campaign."
[New York Times] - Fraud charges in the Abscam inquiry were handed up by a federal grand jury. It indicted a man and his wife on 15 counts stemming from their alleged use of inside information from the F.B.I.'s investigation of political corruption to swindle West Coast businessmen. The couple, Joseph and Hilda Meltzer, allegedly bilked their victims of more than $140,000.
A convicted Representative resigned from the House, ending a 25-year congressional career. The unexpected resignation of Charles Diggs, Democrat of Michigan, occurred one day after the Supreme Court refused to review the case in which he was found guilty in late 1978 of mail fraud and falsifying payrolls. He was the senior black member of Congress.
[New York Times] - The legal status of the Cubans who have come to the United States in the last six weeks is to be discussed tomorrow by administration officials and 30 to 40 members of Congress. The conference is to focus on legal issues and the social service benefits that the more than 100,000 Cubans should get. [New York Times]
- An executive-legislative budget fight intensified as President Carter accused Congress of reneging on "commitments" made last March to protect some domestic programs and to impose a controversial fee on imported oil designed to raise gasoline prices by 10 cents a gallon. Both the House and the Senate are expected to vote Thursday to repeal the import fee in the face of a presidential veto. [New York Times]
- Oversight of all intelligence agencies by Congress was overwhelmingly approved by the Senate in a bill that would require, except in rare circumstances, that Congress must be notified before any covert espionage operations could begin. [New York Times]
- Palestinians staged a general strike in the West Bank and East Jerusalem, and the mayor and city council of Bethlehem resigned in protest over Monday's bombing attacks in which two Palestinian mayors were severely injured. Arabs hurled stones in scattered incidents, but no major clashes were reported. [New York Times]
- A decision to send nuclear fuel to India, announced last month by the United States, is being reconsidered because of congressional opposition, White House and State Department aides said. An official said that action would be deferred until after closed hearings on the issue had been held on Capitol Hill. [New York Times]
- West German concern about the U.S. and its leadership is growing and reflects a basic, negative change among many Germans, according to increasingly large numbers of people in both countries. They express concern that an erosion in confidence in the United States has become widespread and deep-rooted. [New York Times]
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Stock Market Report
Dow Jones Industrial Average: 843.77 (-3.58, -0.42%)
Arms Index is the ratio of volume per declining issue to volume per advancing issue; a figure below 1.0 is bullish. | |||||||||||||||
| Market Index Trends | |||
|---|---|---|---|
| Date | DJIA | S&P | Volume* |
| June 2, 1980 | 847.35 | 110.76 | 32.71 |
| May 30, 1980 | 850.85 | 111.24 | 34.81 |
| May 29, 1980 | 846.25 | 110.27 | 42.00 |
| May 28, 1980 | 860.32 | 112.06 | 38.57 |
| May 27, 1980 | 857.76 | 111.40 | 40.80 |
| May 23, 1980 | 854.10 | 110.62 | 45.79 |
| May 22, 1980 | 842.92 | 109.01 | 41.02 |
| May 21, 1980 | 831.06 | 107.72 | 34.83 |
| May 20, 1980 | 832.51 | 107.62 | 31.80 |
| May 19, 1980 | 830.89 | 107.67 | 30.97 |