News stories from Tuesday June 30, 1970
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- The Senate passed the Cooper-Church amendment requiring withdrawal from Indochina 58 to 37, even as President Nixon called the Cambodian invasion a success. An amendment to allow the U.S. to pay for Asian mercenaries was defeated. The debate centered on who has the constitutional power to wage war; the President is Commander-in-Chief, but he needs Congressional approval to keep troops in Southeast Asia, pay mercenaries and regulate the U.S. military. [CBS]
- President Nixon gave his report on Cambodia and urged North Vietnam to negotiate a peaceful settlement to the war. The President's report was a restatement of the intent and success of the invasion; he stated that North Vietnam took the war into Cambodia.
There are no plans for Americans to reenter the country although air strikes will continue, but there will be no ground support for South Vietnamese troops in Cambodia. The U.S. will also provide supplies for the allies, a move which is necessary in order to keep from losing the military and political war.
[CBS] - The last American advisers have left Cambodia but air and artillery support for South Vietnamese troops in Cambodia continues; a Congressional team watched the withdrawal. The U.S. pulled out of Cambodia one day early. [CBS]
- Thailand's Deputy Prime Minister says that U.S. air support alone won't stop the Communists from taking over Cambodia. [CBS]
- In Cambodia, fighting increased around Phnom Penh. Communists are now just six miles from the city. [CBS]
- The National League of Families of Prisoners Missing in Southeast Asia coordinates efforts to aid POWs; the group held a Washington news conference and reported that Hanoi's POW lists are incomplete. [CBS]
- The Senate joined the House in overriding the President's veto of the hospital construction bill; the bill is now law. President Nixon claims the allocation is too much. [CBS]
- NAACP executive director Roy Wilkins urged black militants to join the peaceful campaign for integration; by saving democracy, blacks save themselves. [CBS]
- A New York grand jury indicted the Seafarers International Union for illegal campaign contributions to Democrats and Republicans in 1968. [CBS]
- Mrs. Nixon returned from the Peruvian disaster area; the First Lady was moved by the scene of the earthquake and the survivors. The U.S. has given tents and supplies for refugees, but many bodies are still buried in rubble. [CBS]
- Egypt downed two Israeli jets over the Suez Canal. [CBS]
- The launch of Apollo 14 has been delayed until late January. NASA has given Russia all of the information regarding Apollo 13's failure in order to prevent a similar Soviet disaster. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 683.53 (+0.62, +0.09%)
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 29, 1970 | 682.91 | 72.89 | 8.77 |
| June 26, 1970 | 687.84 | 73.47 | 9.16 |
| June 25, 1970 | 693.59 | 74.02 | 8.20 |
| June 24, 1970 | 692.29 | 73.97 | 12.63 |
| June 23, 1970 | 698.11 | 74.76 | 10.79 |
| June 22, 1970 | 716.11 | 76.64 | 8.70 |
| June 19, 1970 | 720.43 | 77.05 | 10.98 |
| June 18, 1970 | 712.69 | 76.51 | 8.87 |
| June 17, 1970 | 704.68 | 76.00 | 9.87 |
| June 16, 1970 | 706.26 | 76.15 | 11.33 |