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Conversation 008-007

TapeTape 8StartMonday, August 16, 1971 at 1:23 PMEndMonday, August 16, 1971 at 1:40 PMTape start time00:04:45Tape end time00:08:07ParticipantsLasker, Bernard J. ("Bunny");  Haldeman, H. R. ("Bob")Recording deviceWhite House Telephone
AudioNARA Description

On August 16, 1971, Bernard J. ("Bunny") Lasker and H. R. ("Bob") Haldeman talked on the telephone at an unknown time between 1:23 pm and 1:40 pm. The White House Telephone taping system captured this recording, which is known as Conversation 008-007 of the White House Tapes.

Nixon Library Finding Aid
Conversation No. 8-7

Date: August 16, 1971
Time: Unknown between 1:23 pm and 1:40 pm
Location: White House Telephone

Bernard J. ("Bunny") Lasker talked with H. R. (“Bob”) Haldeman.

[See Conversation No. 564-4/565-1R]

     Stock market figures
          -Lasker’s report
                -Rose Mary Woods
          -Record gain
                -Dow Jones
                      -Industrial average
                            -Figures
                -Previous gain
                      -Date
                            -Lasker’s dinner
          -Record volume
                -Figures
                -Date
                -Studebaker Corporation
                -Blocks
          -New York Stock Exchange
          -Profit taking
                -Selling
          -Confidence
                -The President's speech, August 15, 1971
          -Closing
                -Reports
                      -Volume and averages
                      -Woods
Transcript (AI-Generated)

This transcript was generated automatically by AI and has not been reviewed for accuracy. Do not cite this transcript as authoritative. Consult the Finding Aid above for verified information.

hello hi bob bunny yes how are you great see uh uh you're keeping busy today are you oh it's beautiful 20 million the first three hours i saw that uh rose just uh sent your report in yeah uh question was what what is the record gain do you know uh the record game was uh give me that dad jones uh
Okay.
Dow Jones says here the industrial average is now up 34 points.
I think it's 35 a minute ago.
The previous record gain was about 32 points.
About 32 points.
About 32, and you'll be wrong by five cents, you know.
Okay.
Do you know what day it was?
well that was the uh the big date of our uh day after your dinner of the dinner that's right so this breaks the dinner record well not necessarily because you haven't closed oh but i mean it's uh at the minute yeah what's the volume uh record it's 19 million no i got that but i mean what's the record volume the record volume is uh 28
$28,250, give or take one or two shares.
That was in February, wasn't it?
Yes, but that was occasioned by the fact that there was a cross of $3 million Studebaker that day.
It was one of those things that just happened.
$3 million, huh?
Yeah.
There are no blocks today, are there?
There are no big blocks.
Nothing like that today.
There was a big block.
Somebody bought and somebody sold $3 million.
So that's why it was up.
Previous to that, it was $25 million.
So, in any case, the $28 million I think will go through like breeze.
The way it's going now will be $30 or better.
They won't close the exchange, huh?
No, no chance.
This is the New York Stock Exchange, not Philadelphia.
What's your view on, will they start selling off now?
Profit-taking?
In other words, you'll drop below that $35, won't you?
Well, at this second, we're at the absolute top, which is $35.
Yeah.
What the hell do I know, Bob?
What does anybody know?
If you knew more, you'd get rich, huh?
Yeah, that's right.
I would say this, that the whole key to the stock market always is confidence, and the President's speech has given us all confidence, I think the whole country.
So even if it reacts 10 points from here, I think they're on the way up.
Right.
And I wouldn't be surprised.
You know, they could keep on going today, and they could close in a burst of glory and be above the 35.
Yeah.
Okay.
If you'd like, I'll send in word to you at the close just where we stand volume and averages.
Good.
Well, you've been keeping rows posted, so that'd be fine.
Yeah, that's what I always tell the president.
Good.
Right.
Call me that way.
Right.
In any event, I'll keep on giving the stuff to Rose.
Right.
Everything okay with you?
Yes, sir.
Great.
Okay, buddy.
Keep the flag flying.
That was beautiful.
Right-o.
Okay.
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