News stories from Friday February 6, 1976
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Former President Richard Nixon and his wife will visit China, a spokesman for Mr. Nixon announced in San Clemente. The visit was initiated by the Chinese government and will be strictly private, according to the spokesman, who asserted that the former President would pay for any costs, and China was expected to send a plane for the Nixons. White House officials said that President Ford was irritated by Nixon's impending trip to China, although he seemed noncommittal. [New York Times]
- An increase of 800,000 in total employment last month was reported by the Labor Department, which said that the nation's unemployment rate was substantially lower in January and that it was the biggest monthly decline since late 1959. The jobless rate declined to 7.8 percent of the labor force from 8.3 percent in December. The 800,000 increase was one of the biggest on record for a single month. [New York Times]
- A slow-motion film of Patricia Hearst swinging a sawed-off carbine was shown in the San Francisco courtroom where federal prosecutors pressed their efforts to convict her of bank robbery. This was the third in a series of films that the Federal Bureau of Investigation had adapted from still photos made by bank surveillance cameras during the holdup. Earlier, a key prosecution witness testified that Miss Hearst had threatened to "blow my head off" if he disobeyed an order to lie on the floor. [New York Times]
- Daniel Patrick Moynihan, in a dispute over Angola, told the Soviet delegate to the United Nations, Yakov Malik, that "we don't give a damn in America" about threats from Moscow and also told Mr. Malik not to criticize "my Secretary of State." [New York Times]
- The Lockheed Aircraft Corporation paid $1.1 million to Prince Bernhard of the Netherlands, who is also the inspector general of the Dutch armed forces, to promote the sale of its aircraft, a source familiar with the investigation confirmed. In testimony before a Senate subcommittee earlier, Lockheed's president said the company had paid about $2 million to government officials in Japan and $1.1 million to a high official of the Netherlands. A source familiar with the Lockheed case later identified the Dutch government official as Prince Bernhard. [New York Times]
- Powerful aftershocks of the earthquake that struck Guatemala on Wednesday spread panic throughout the capital today. The shocks, the hardest of about 60 that shook the country since Wednesday, opened cracks in a large hospital in the capital, and buildings that had been weakened by the earthquake crumpled. [New York Times]
- Israel was scorned by seven Soviet Jews who, at a televised news conference in Moscow organized by Soviet authorities for the purpose, made statements explaining why they had returned home after having emigrated to Israel. The elaborate news conference was the most dramatic step yet taken In Moscow's recently initiated campaign to present the official Soviet view of Jewish emigration. [New York Times]
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Stock Market Report
Dow Jones Industrial Average: 954.90 (-9.91, -1.03%)
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* |
| February 5, 1976 | 964.81 | 100.39 | 33.78 |
| February 4, 1976 | 976.62 | 101.91 | 38.27 |
| February 3, 1976 | 972.61 | 101.18 | 34.08 |
| February 2, 1976 | 971.35 | 100.87 | 24.00 |
| January 30, 1976 | 975.28 | 100.86 | 38.51 |
| January 29, 1976 | 968.75 | 100.11 | 29.80 |
| January 28, 1976 | 951.35 | 98.53 | 27.37 |
| January 27, 1976 | 957.81 | 99.07 | 32.07 |
| January 26, 1976 | 961.51 | 99.68 | 39.64 |
| January 23, 1976 | 953.95 | 99.21 | 33.64 |