News stories from Friday April 10, 1970
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- The launch of Apollo 13 is on schedule. Jack Swigert has been substituted for Thomas Mattingly; measles exclude Mattingly from the mission. Apollo 13 will land in the lunar highlands and will include two televised moon walks with color coverage. [CBS]
- 3.7 million people are unemployed, which is 4.4% of the labor force, the highest rate in nearly 10 years. The White House disclaimed any intentional increase in unemployment. AFL-CIO president George Meany predicts 6% unemployment soon and wants changes in the administration's economic policy. [CBS]
- Teamster wildcat strikes are limited, as the tentative agreement between the union and trucking firms is keeping most work rolling. [CBS]
- The New York state Senate passed a liberal abortion law by one vote. Abortion will become legal if Governor Rockefeller signs the bill. [CBS]
- Florida Governor Claude Kirk asked the Supreme Court to settle the desegregation dispute in his state, averting a state-federal conflict. Kirk skipped his court-ordered appearance today. [CBS]
- The FDA revoked its approval of thousands of food additives. Their safety must be proven before the products are returned to the market, but Welfare Secretary Robert Finch says that taking cancer-causing foods off the market would cause shortages. [CBS]
- West German Chancellor Willy Brandt is making his first official visit to the United States. Brandt and President Nixon today discussed U.S. and Soviet troop withdrawal from Europe. [CBS]
- The Senate Foreign Relations Committee unanimously voted for repeal of the Gulf of Tonkin resolution. That was the 1964 resolution which let President Johnson send American troops to Vietnam. The White House said that repeal of the resolution won't affect the present situation in Vietnam. [CBS]
- A South Vietnamese relief battalion reached the besieged Dak Seang Green Beret base in the Central Highlands. One hundred Vietnamese civilians were killed by Cambodian troops; United Press International called the incident a "massacre". [CBS]
- Despite his rejection by the Senate, debate on judge G. Harrold Carswell continued. Senator Albert Gore challenged President Nixon's charge of Senate bias against the South, saying that he resents the President's accusation.
Vice President Agnew discussed the Supreme Court fight today. He stated that President Nixon's comment regarding the Senate's anti-Southern bias was just a reaction to his disappointment, but Agnew still thinks that subjective objections to the President's nominees are unfair. Lobby pressure from labor and civil rights groups was heavy, and Agnew blames Carswell's defeat on the liberal community.
Agnew also stated that the Senate received a "snow-job" from the media regarding Carswell, and he suggested that Senator Gore has been targeted for defeat by the White House when he runs for re-election this year.
[CBS] - The Washington Star reported that President Nixon's third Supreme Court nominee will be one of two judges, Harry Blackmun or Edward Gignoux. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 790.46 (-2.04, -0.26%)
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* |
| April 9, 1970 | 792.50 | 88.53 | 9.06 |
| April 8, 1970 | 791.64 | 88.49 | 9.07 |
| April 7, 1970 | 791.64 | 88.52 | 8.49 |
| April 6, 1970 | 791.18 | 88.76 | 8.38 |
| April 3, 1970 | 791.84 | 89.39 | 9.92 |
| April 2, 1970 | 792.37 | 89.79 | 10.52 |
| April 1, 1970 | 792.04 | 90.07 | 9.81 |
| March 31, 1970 | 785.57 | 89.63 | 8.37 |
| March 30, 1970 | 784.65 | 89.63 | 9.60 |
| March 26, 1970 | 791.05 | 89.92 | 11.35 |