Another astounding market rally, another big chunk of good market news ABC’s, CBS’s and NBC’s evening news shows censor because it isn’t anti-Trump.
The Dow Jones Industrial Average closed above 27,000 Wednesday, “extending a market rally and returning the index to a level it first hit a year ago and last touched in early June,” according to The Hill. The new figure (27,006) put "the Dow within striking distance of erasing its losses for the year.” ABC World News Tonight with David Muir, CBS Evening News with Norah O’Donnell and NBC Nightly News with Lester Holt all censored the news last night.
By contrast, consider when the Dow dropped 1,000 points beneath 25,000 before rallying a bit later Feb. 28 to cap off Wall Street’s “worst week since the [2008] financial crisis.” On that day, the Big Three gave the negative market news a whopping 313 seconds of coverage collectively — or more than five minutes.
That’s 313 seconds for negative news versus 0 seconds for positive news. Seems like a pretty massive bias.
Fox News’s Bret Baier did report the stock market news Wednesday during his 6:00 pm broadcast of Special Report. Maybe the Big Three should take notes from Baier.
Even though the Dow has been reported to be on track to virtually “erasing its losses for the year” months later, the Big Three clearly did not consider this to be worth equal or greater coverage.
Both CBS Evening News and NBC Nightly News in particular did find the time to boost presumptive Democratic presidential nominee Joe Biden’s flat-out lie that President Donald Trump was a racist president.
But the Dow’s performance isn’t all the good market news yesterday had to offer last night. “Sales of previously owned homes rose 20.7% in June over the prior month to a seasonally adjusted annual rate of 4.72 million,” according to The Wall Street Journal July 22. This, according to The Journal, was “the biggest monthly increase on record going back to 1968.” [Emphasis added.]
But guess what! ABC World News Tonight, CBS Evening News and NBC Nightly censored that news also.
The amount of good market news the Big Three have censored continues to expand like an over-inflated balloon.
Just last week, the Big Three censored news that Wall Street’s five biggest investment banks had their best quarter in modern history.
When news broke that sales of newly built homes jumped 55 percent annually in June for homebuilders’ strongest June sales since the last housing boom, the Big Three censored that news also.
When the May jobs numbers were revised upward by a whopping 5.825 million, all three evening news shows censored that story. They also censored when U.S. stocks “wrapped up their best quarter in more than 20 years.”
The disgusting behavior of these networks in censoring good market news has gone far enough. The American people deserve to have the Big Three start covering good market news appropriately.
Contact ABC News (818-460-7477), CBS News (212-975-3247) and NBC News (212- 664-6192) and tell them to stop censoring good market news!
MRC News Analyst Nicholas Fondacaro contributed to this report.
