Tobacco Documents Online

Copyright 1993 American Broadcasting Companies, Inc., All rights reserved. ABC NEWS SHOW: WORLD NEWS TONIGHT WITH PETER JENNINGS APRIL 2, 1993 LENGTH: 3963 words BODY: ANNOUNCER: [PORTLAND SKYLINE] From ABC, this is World News Tonight with Peter Jennings. Tonight reporting from Portland, Oregon. PETER JENNINGS: Ned Potter. The government today has issued its first report on how the economy in the nation as a whole performed in March: in a word, sluggish. The unemployment rate stayed the same, seven percent. [GRAPHICS] Especially disappointing to economists and the President is that almost no new jobs were created. Mr. Clinton says those job figures are proof that his economic stimulus program is essential. In the Senate, however, Republicans are waging what amounts to a filibuster against it. The President may have to change it to get it passed. There was a very big drop on Wall Street today: The Dow Jones industrials lost 68 points to close at 3,370 in heavy trading. For the week, stocks lost 69 points. Tobacco stocks were especially hard-hit after Philip Morris said that competition from discount cigarette makers might push its business down 40 percent this year. Philip Morris was the most active stock today, down more than l5 points. The Republican senator from Minnesota, David Durenberger, has been indicted today on federal charges that he falsified his Senate expense account. The allegation is that he charged the government for staying at a condominium in Minnesota, never disclosing that he was a part owner. We'll have more on the forest conference later in the broadcast, our Person of the Week on this Friday and, in a moment, what's next for Mr. Clinton,, the Vancouver summit.