{"conversationCode":"006-070","tapeNumber":6,"conversationNumber":70,"identifier":"37-wht-conversation-006-070","startDateTime":"1971-06-30T23:46:00.000Z","endDateTime":"1971-06-30T23:49:00.000Z","startDate":"30-Jun-1971","startTime":"7:46 PM","endDate":"30-Jun-1971","endTime":"7:49 PM","dateCertainty":"certain","timeCertainty":"certain","participants":"Nixon, Richard M. (President); Haldeman, H. R. (\"Bob\");","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.","locationCode":"WHT","recordingDevice":"White House Telephone","latitudeEstimated":38.89767,"longitudeEstimated":-77.03655,"chronCode":1,"chronRelease":"First Chronological Release","chronReleaseDate":"5-Oct-1999","aogpRelease":null,"aogpSegment":null,"lastModified":"2015-07-27T17:04:10.235Z","findingAid":"Conversation No. 6-70\n\nDate: June 30, 1971\nTime: 7:46 pm - 7:49 pm\nLocation: White House Telephone\n\nThe President talked with H.R. (“Bob”) Haldeman.\n\n     National economy\n          -Unemployment rate\n          -Commentators\n          -George P. Shultz's view\n          -Stock market activity\n          -Mutual fund portfolio readjustment\n\n     Pentagon Papers\n          -Administration's reaction\n          -Henry A. Kissinger's reaction","filename":["006-070.mp3"],"tapeStart":"01:19:49","tapeEnd":"01:22:15","participantsList":["Nixon, Richard M. (President)","Haldeman, H. R. (\"Bob\")"],"prevCode":"006-069","nextCode":"006-071","transcript":[{"start":1.9,"end":5.99,"text":"So, well, we're going to get a good break on unemployment."},{"start":6.01,"end":6.41,"text":"I heard that."},{"start":6.43,"end":7.77,"text":"Isn't that great?"},{"start":7.83,"end":10.54,"text":"Actually, a lot of it's technical."},{"start":10.68,"end":13.02,"text":"No, but the other was technically otherwise."},{"start":13.04,"end":14.58,"text":"But it could have been."},{"start":14.6,"end":21.27,"text":"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."},{"start":21.29,"end":24.17,"text":"But people will put them on."},{"start":24.19,"end":26.92,"text":"The drop, you know, the 5.6 is a hell of a drop."},{"start":27.96,"end":30.12,"text":"Now it'll probably creep up again in the summer."},{"start":30.24,"end":30.94,"text":"That's all right, too."},{"start":31.12,"end":31.3,"text":"Wow."},{"start":36.94,"end":42.38,"text":"Good deal."},{"start":42.47,"end":50.06,"text":"I think it will."},{"start":50.32,"end":53.52,"text":"The market went up another 8.76% today."},{"start":53.86,"end":54.3,"text":"8?"},{"start":56.1,"end":56.55,"text":"What's that?"},{"start":56.7,"end":59.29,"text":"Wasn't very big."},{"start":59.37,"end":61.81,"text":"15 million or something."},{"start":62.11,"end":62.95,"text":"Oh, that's big."},{"start":62.97,"end":64.18,"text":"That's big for the summary."},{"start":64.63,"end":66.57,"text":"Up $869,000 on $15,400,000."},{"start":66.59,"end":69.97,"text":"That's a million more than it was yesterday."},{"start":70,"end":70.84,"text":"$899,000."},{"start":70.86,"end":73.06,"text":"$899,000."},{"start":73.26,"end":79.23,"text":"Yeah, I'll tell you what this really is, I think."},{"start":79.29,"end":82.83,"text":"My recollection is that the funds buy."},{"start":83.93,"end":89.64,"text":"They have to buy before the end of their, you see, before July 1st in order to get there."},{"start":90.52,"end":94.58,"text":"And you see that they want to make this work fully, those flip-flops."},{"start":94.6,"end":97.18,"text":"And they buy at this point at a lower price."},{"start":97.5,"end":99.06,"text":"July 31st through June 30th, report."},{"start":99.08,"end":105.13,"text":"And they show that they've bought some at the lower price, you see."},{"start":105.15,"end":111.24,"text":"All right, well, that's good."},{"start":115.46,"end":117.48,"text":"I don't go along with Henry's morality, do I?"},{"start":125.41,"end":144.52,"text":"Okay, good."}],"aiSummary":{"text":"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.","topics":["Unemployment","Stock Market","Mutual Funds","National Economy","Public Relations","Henry Kissinger"],"generatedAt":"2026-04-05T22:12:03.983Z"},"topicSlugs":["unemployment","stock-market","mutual-funds","national-economy","public-relations","henry-kissinger"],"audioDurationSec":146,"audioFiles":[{"file":"006-070.mp3","bytes":3512498,"durationSec":146.27,"bitrate":192113,"missing":false}],"audioIsShared":false,"audioProbedAt":"2026-09-18T02:19:21.079Z","audio":["https://nixon.nyc3.digitaloceanspaces.com/audio/006-070.mp3"],"url":"https://www.easynixon.org/tapes/006-070","nixonLibraryUrl":"https://www.nixonlibrary.gov/white-house-tapes/6/conversation-006-070","license":"Public domain (U.S. Government work). AI-generated fields (transcript, aiSummary) are provided as-is without warranty."}