WALL STREET WEEK {WALL $TREET WEEK} WITH LOUIS RUKEYSER: LET'S GIVE THANKS TO LOU'S DAD (TV)

Summary

One in this series of stock market and financial analysis programs hosted by Louis Rukeyser. In this edition, Rukeyser welcomes four guests -- including his father, financial journalist Merryle S. Rukeyser -- to analyze financial news and economic trends. Rukeyser reviews the Dow Jones and the broader indices before introducing the following guests: Frank Cappiello, president of an investment advisory firm; Mary Farrell, vice president of a national brokerage firm; and Louis Holland, partner in an investment counseling firm. Rukeyser and the panel discuss current market news and trends, make predictions on future market activity, and give advice on which types of stocks and bonds to buy. Rukeyser then introduces 90-year-old Merryle Rukeyser. Rukeyser asks his father to compare the crash of 1929 -- during which he was a leading financial commentator -- with that of 1987. Merryle Rukeyser discusses the constancy of human nature and argues that the crash of 1929 did not cause the depression and that one should only take part in the stock market if one accepts and enjoys risk-taking. He remarks on the U.S.'s financial position as an international debtor, which he blames on the inability to recoup loans given to all European countries but Finland at the end of the two world wars. He argues for a renewed crusade for excellence before discussing New Deal Financing. Louis Rukeyser opens the discussion to the panel. In answer to Cappiello's question about an upcoming change in administration, Merryle Rukeyser suggests voting for business-oriented candidates instead of along party lines. Farrell mentions the elder Rukeyser's 1924 book "The Common Sense of Money and Investment." Holland asks about 1987's proposed tax and trade bills, and the similarities to conditions that preceded the 1929 crash. Rukeyser the younger asks his father for his opinions on mandatory retirement, Social Security, and Medicare.

Cataloging of this program was made possible by Elizabeth B. Dater in honor of Louis Rukeyser, 2003.

Details

NETWORK: PBS Maryland Public Television
DATE: November 27, 1987 8:30 PM
RUNNING TIME: 0:27:46
COLOR/B&W: Color
CATALOG ID: T:18326
GENRE: Talk/Interviews
SUBJECT HEADING: Talk/Interviews; Stock Exchange; Stock Market Crash, 1987; U S - Economic conditions
SERIES RUN: PBS - TV series, 1970-2005; Internet - 2015-
COMMERCIALS: N/A

CREDITS

John H. Davis … Executive Producer
Rich Dubroff … Producer
Cathy Chermol … Associate Producer, Writer
George Beneman … Director
Anne Truax Darlington … Created by
Donald Swartz … Music by, "TWX in Twelve Bars"
Louis Rukeyser … Host, Interviewer
Alec Webb … Announcer
Frank Cappiello … Guest
Mary Farrell … Guest
Louis Holland … Guest
Merryle S. Rukeyser … Guest
Margot Derasse … Cast, Miss Smythe