News stories from Friday November 9, 1973
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Secretary of State Henry Kissinger is proud of the Mideast peace agreement he worked out with President Sadat of Egypt. The Secretary of State discussed peace plans with Saudi Arabia's King Faisal today in hopes of restoring Arab oil supplies to the United States, but the proposal hit a snag.
Tel Aviv pulled back from immediate acceptance of Kissinger's plan. Israel announced its approval of the agreement in principle but is seeking clarification from Washington. Premier Golda Meir cancelled her speech which was designed to explain acceptance of the proposal; last-minute disagreements caused the cancellation.
A United Nations force moved into Israeli-occupied lands to act as a buffer between Israel and Egypt. United Nations forces are now set up on both sides of the cease-fire line.
[CBS] - President Nixon met with top congressional Republicans to discuss Watergate; the meeting was designed to increase public confidence. Representative John Anderson reported that the President intends to cooperate fully with the courts and the special prosecutor regarding Watergate. The subjects of resignation and impeachment were not brought up. President Nixon is planning meetings with other party members to address Watergate, and he also hopes to clear up the White House tapes issue. [CBS]
- Judge John Sirica heard former White House chief of staff H.R. Haldeman testify about the White House tapes. Prosecutor Richard Ben-Veniste confronted Haldeman with a record of 31 White House tapes which were checked out by Haldeman. Haldeman insisted that only two tapes were used. White House attorney Fred Buzhardt testified that Rose Mary Woods, President Nixon's personal secretary, was confused about the number of tapes and the dates they were recorded; he stated that no gaps exist on a tape which was reported to contain a gap. [CBS]
- A court agreed to rule on the legality of President Nixon's firing of special Watergate prosecutor Archibald Cox. The judge specifically questioned the legality of Solicitor General Robert Bork delivering the message regarding the firing to Cox. The lawsuit was filed by consumer advocate Ralph Nader, Senator Frank Moss and Representatives Bella Abzug and Jerome Waldie. [CBS]
- Judge John Sirica sentenced six of the original Watergate defendants today. E. Howard Hunt received the stiffest sentence: 2½ years. James McCord received one year, and the four Cubans -- Bernard Barker, Frank Sturgis, Virgilio Gonzales and Eugenio Martinez -- were also sentenced after pleading for leniency, but their request was denied. Barker's daughter Maria-Elena Moffett was bitter and stated that President Nixon is the one who should spend her father's sentence behind bars. Unrepentant G. Gordon Liddy is serving 6-20 years for his Watergate activities.
The "Miami 4" (Martinez, Barker, Sturgis and Gonzales) were heavily influenced by the CIA. Cuban-Americans in Miami reacted to the Miami 4's involvement in Watergate. Reverend William Arias said that those who were sentenced were not scandalized by Watergate as much as the American people generally. All-Spanish radio station WQBA in Miami reported that 75% of its talk show callers support President Nixon because he fights Communism. Radio announcer Emilio Melian stated that the Miami 4 believed they were helping the U.S. fight Communism. Bernard Barker's wife Clara said that Judge Sirica was unfair to the Miami 4.
Cuban-Americans will be on guard in the future regarding matters of alleged national security.
[CBS] - Former United Mine Workers president Tony Boyle will appear in a Pittsburgh court to face charges of conspiracy to murder union rival Joseph Yablonski, who was killed in 1969. [CBS]
- Edmund Kemper of Santa Cruz, California, was sentenced to life imprisonment for the murders of his mother and seven other women. [CBS]
- The Senate Interior Committee continued its work on legislation to help President Nixon fight the nation's fuel shortage. Committee chairman Henry Jackson thinks that a bill could be brought to the Senate floor next week. Warren Magnuson reported that the Senate Commerce Committee is working on legislation to extend daylight savings time. Administration energy czar John Love revealed that gasoline rationing may be necessary by next spring. The impact of rationing would be significant, particularly in areas which lack adequate public transportation. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 908.41 (-24.24, -2.60%)
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* |
| November 8, 1973 | 932.65 | 107.02 | 19.65 |
| November 7, 1973 | 920.08 | 105.80 | 16.57 |
| November 6, 1973 | 913.08 | 104.96 | 16.43 |
| November 5, 1973 | 919.40 | 105.52 | 17.15 |
| November 2, 1973 | 935.28 | 107.07 | 16.34 |
| November 1, 1973 | 948.83 | 107.69 | 16.92 |
| October 31, 1973 | 956.58 | 108.29 | 17.89 |
| October 30, 1973 | 968.54 | 109.33 | 17.58 |
| October 29, 1973 | 984.80 | 111.15 | 17.96 |
| October 26, 1973 | 987.06 | 111.38 | 17.80 |