This episode's headline: Wall Street - Bouncing Back; Budget Cuts; Conversation. The guests include DAVID JONES, Economist, Aubrey G. Lanston; MONTE GORDON, Research Dir., Dreyfus Corp.; ROBERT BRUSCA, Economist, Nikko Securities; SEN. PHIL GRAMM, [R] Texas; SEN. ERNEST HOLLINGS, [D] South Carolina; HELEN SUZMAN, South african Opposition Leader; CORRESPONDENT: ROGER MUDD. Byline: In New York: ROBERT MacNeil; In Washington: JUDY WOODRUFF