News stories from Monday June 9, 1980
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- President Carter was booed by a crowd of several hundred demonstrators as he visited the slum in Miami that was ravaged last month by rioting, arson and looting. Several bottles were thrown, but Mr. Carter was not harmed. Earlier, he promised to meet private industry "at least halfway" to help rebuild the area. [New York Times]
- Edward Kennedy was rebuffed in his latest effort to appear at the same forum with President Carter. The Senator asked the United States Conference of Mayors for permission to address its annual meeting in Seattle on Wednesday after a speech by Mr. Carter, but the White House was said to have objected and the group told Mr. Kennedy he could not speak tomorrow. [New York Times]
- No new gasoline-conserving proposals to replace the oil import fee that was killed by Congress last week are planned by President Carter, according to administration officials. Thus, the President will go to the economic summit meeting in Venice without a strong conservation program, which the administration has contended is needed to persuade other countries to conserve energy. [New York Times]
- Upholding petitioning on private land, the Supreme Court ruled unanimously that states can require shopping center owners to provide access to citizens to circulate petitions or otherwise peacefully exercise their rights of free speech. The Court held that the Constitution does not prohibit such a right to public access provided in state constitutions. [New York Times]
- No accidental firing of nuclear arms could be triggered by false alarms in the American air defense system, according to Defense Secretary Harold Brown. He made the statement before two computer errors sent out false signals of a Soviet attack, and a congressional inquiry seems likely. [New York Times]
- A new centrist party in Britain may be formed by Roy Jenkins. Mr. Jenkins, who was once a major contender to be leader of the Labor Party, hinted strongly of his plans. [New York Times]
- Robert McNamara plans to retire a year from now as president of the World Bank. A statement by Mr. McNamara, a former Secretary of Defense, issued on his 64th birthday, raised the possibility that his successor at the bank might not be an American, ending a tradition going back to its creation in 1946. [New York Times]
- A renewal of Egyptian-Israeli talks on Palestinian self-rule is expected to begin later this month. United States officials disclosed that the negotiators had accepted an American proposal for new meetings in Washington as Secretary of State Muskie, in a speech, urged both sides to resist unilateral moves that prejudice "the final status" of the occupied territories. [New York Times]
- Jordan will again be a guerrilla base, according to a leader of Al Fatah, who said that his organization, the largest group in the Palestine Liberation Organization, planned to reestablish that country as a major base for stepped up operations against Israel. [New York Times]
- Bonn's coolness toward Washington was underscored in a major political speech by Foreign Minister Hans-Dietrich Genscher, the strongest advocate of American positions in the West German cabinet for the last four years. He stressed a separation between detente in Europe from crises elsewhere and cited "the legitimate security interests of the Soviet Union." [New York Times]
- The South Korean military has succeeded in halting student protests against martial law. Thousands of student leaders have gone into hiding since the campuses were closed and many students were arrested last month, but many of them are determined to fight the regime in an armed uprising. [New York Times]
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Stock Market Report
Dow Jones Industrial Average: 860.67 (-0.85, -0.10%)
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 6, 1980 | 861.52 | 113.20 | 37.22 |
| June 5, 1980 | 858.70 | 112.78 | 49.07 |
| June 4, 1980 | 858.02 | 112.61 | 44.17 |
| June 3, 1980 | 843.77 | 110.51 | 33.15 |
| June 2, 1980 | 847.35 | 110.76 | 32.71 |
| May 30, 1980 | 850.85 | 111.24 | 34.81 |
| May 29, 1980 | 846.25 | 110.27 | 42.00 |
| May 28, 1980 | 860.32 | 112.06 | 38.57 |
| May 27, 1980 | 857.76 | 111.40 | 40.80 |
| May 23, 1980 | 854.10 | 110.62 | 45.79 |