Nixon White House Tapes › Tape 6 › Conversation 006-070

Nixon phone call with Haldeman on Unemployment and Stock Market

Wednesday, June 30, 1971 · 7:46 PM–7:49 PM ET · White House Telephone · 2 min

ParticipantsNixon, Richard M. (President); Haldeman, H. R. ("Bob")Conversation006-070 on Tape 6 (tape position 01:19:49–01:22:15)StartWednesday, June 30, 1971 at 7:46 PMEndWednesday, June 30, 1971 at 7:49 PMRecording deviceWhite House TelephoneSourceNixon Library record for 006-070 ↗

AI Summary

President Nixon and H.R. Haldeman discuss positive economic indicators, specifically a significant drop in the unemployment rate and recent upward activity in the stock market. Nixon expresses a desire to downplay media reaction to the employment figures, while they analyze the technical factors behind the market shift, attributing it to end-of-quarter mutual fund adjustments. The conversation concludes with a brief, dismissive reference to Henry Kissinger’s moral perspective regarding ongoing administration challenges.

Audio

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Transcript (AI-generated)

This transcript was generated automatically by AI (WhisperX) and has not been reviewed for accuracy. Names and numbers are often wrong; speakers are not identified. Do not cite it as authoritative — verify against the audio and the finding aid.

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So, well, we're going to get a good break on unemployment.
I heard that.
Isn't that great?
Actually, a lot of it's technical.
No, but the other was technically otherwise.
But it could have been.
But the main point is that the damn commentators and the rest will squeal and scream around, and we don't need to make much of it.
But people will put them on.
The drop, you know, the 5.6 is a hell of a drop.
Now it'll probably creep up again in the summer.
That's all right, too.
Wow.
Good deal.
I think it will.
The market went up another 8.76% today.
8?
What's that?
Wasn't very big.
15 million or something.
Oh, that's big.
That's big for the summary.
Up $869,000 on $15,400,000.
That's a million more than it was yesterday.
$899,000.
$899,000.
Yeah, I'll tell you what this really is, I think.
My recollection is that the funds buy.
They have to buy before the end of their, you see, before July 1st in order to get there.
And you see that they want to make this work fully, those flip-flops.
And they buy at this point at a lower price.
July 31st through June 30th, report.
And they show that they've bought some at the lower price, you see.
All right, well, that's good.
I don't go along with Henry's morality, do I?
Okay, good.

NARA Description

On June 30, 1971, President Richard M. Nixon and H. R. ("Bob") Haldeman talked on the telephone from 7:46 pm to 7:49 pm. The White House Telephone taping system captured this recording, which is known as Conversation 006-070 of the White House Tapes.

Nixon Library Finding Aid

Conversation No. 6-70

Date: June 30, 1971
Time: 7:46 pm - 7:49 pm
Location: White House Telephone

The President talked with H.R. (“Bob”) Haldeman.

     National economy
          -Unemployment rate
          -Commentators
          -George P. Shultz's view
          -Stock market activity
          -Mutual fund portfolio readjustment

     Pentagon Papers
          -Administration's reaction
          -Henry A. Kissinger's reaction

Also recorded on June 30, 1971

  • 006-067 7:41 PM · 1 min — President Richard M. Nixon and Tricia Nixon Cox talked on the telephone from 7:41 pm to 7:43 pm.
  • 006-068 7:44 PM · 2 min — President Richard M. Nixon and George P. Shultz talked on the telephone from 7:44 pm to 7:46 pm.
  • 006-069 7:46 PM · 7 sec — President Richard M. Nixon and the White House operator talked on the telephone at 7:46 pm.
  • 006-071 7:49 PM · 6 sec — President Richard M. Nixon and the White House operator talked on the telephone at 7:49 pm.
  • 006-072 7:50 PM · 11 sec — President Richard M. Nixon and the White House operator talked on the telephone at 7:50 pm.
  • 006-073 7:50 PM · 14 sec — President Richard M. Nixon and the White House operator talked on the telephone at an unknown time between 7:50 pm and 7:53 pm.
  • 006-074 7:50 PM · 10 sec — President Richard M. Nixon and the White House operator talked on the telephone at an unknown time between 7:50 pm and 7:53 pm.
  • 006-075 7:53 PM · 14 sec — President Richard M. Nixon and Joseph Taylor talked on the telephone from 7:53 pm to 7:54 pm.

All 66 conversations from June 30, 1971 →

Cite this conversation

Conversation 006-070, June 30, 1971. White House Tapes, Richard Nixon Presidential Library and Museum, National Archives. Audio and AI transcript via Easy Nixon, https://www.easynixon.org/tapes/006-070 (accessed October 11, 2026).