President Eisenhower opens his first press conference with announcements relating to farm prices and agriculture, Eisenhower's administration's policy toward secret agreements, price controls, the fact that the Soviet Union has the atomic bomb, and the possibility of a tax reduction. Other topics from the question-and-answer period include the Yalta agreement, the situation in Korea, a possible embargo on shipments to Red China, the budget, and Eisenhower's appointment of businessmen to government posts.