News stories from Monday August 3, 1970
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- American planes directly supported Cambodians who were trying to retake Kirirom, seemingly in contradiction of President Nixon's pledge. The Pentagon didn't comment, re-issuing a previous statement denying that the U.S. is giving Cambodians tactical support.
The U.S. role on the ground is decreasing.
[CBS] - David Bruce reports that President Nixon gave him considerable latitude in leading the United States' Paris Peace Talks negotiations. [CBS]
- The United Arab Republic claims to have downed two Israeli jets over the Suez Canal; Israel admitted losing one. [CBS]
- The government of Uruguay stated that it won't deal with the leftist guerrillas who kidnapped two U.S. officials and one Brazilian official; their captors want political prisoners to be released. [CBS]
- President Nixon stated that Charles Manson is guilty of eight murders. White House press secretary Ron Ziegler clarified that the President forgot to say "alleged". Defense attorney Ronald Hughes denounced Nixon's comments; the judge denied the defense motion for a mistrial. [CBS]
- Senator Gaylord Nelson has asked Congress to ban internal combustion engines within four years, and he urged the auto industry not to change models but to use their money to develop a new engine. [CBS]
- A federal air pollution study ranked Steubenville, Ohio as the "dirtiest" city and New York City as "most polluted". [CBS]
- Hurricane Celia has hit the Texas coast. [CBS]
- The U.S. Navy tested an underwater Poseidon missile. A Soviet ship raced to retrieve the missile's debris following the test, but failed. [CBS]
- The Army admitted that the nerve gas tanks they plan to transport may leak or explode, and they want the tanks to be dumped into the ocean immediately. [CBS]
- Governor James Rhodes has ordered that the Kent State University shootings last May be investigated by the state of Ohio. [CBS]
- The NFL Players Association has ended their strike after getting medical and pension benefits from club owners. [CBS]
- In tomorrow's Michigan primary, Mrs. George Romney is seeking the Republican Senate nomination to oppose Democrat Philip Hart. Lenore Romney says that people pleaded with her to run. Her primary opponent, Congressman Robert Huber, criticized Housing Secretary Romney's integration policy. Mrs. Romney is favored in the primary. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 722.96 (-11.16, -1.52%)
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* |
| July 31, 1970 | 734.12 | 78.05 | 11.64 |
| July 30, 1970 | 734.73 | 78.07 | 10.43 |
| July 29, 1970 | 735.56 | 78.04 | 12.58 |
| July 28, 1970 | 731.45 | 77.77 | 9.04 |
| July 27, 1970 | 730.08 | 77.65 | 7.46 |
| July 24, 1970 | 730.22 | 77.82 | 9.52 |
| July 23, 1970 | 732.68 | 78.00 | 12.46 |
| July 22, 1970 | 724.67 | 77.03 | 12.46 |
| July 21, 1970 | 722.07 | 76.98 | 9.94 |
| July 20, 1970 | 733.91 | 77.72 | 11.66 |