When The News Doesn’t Report The News

Newsbusters posted an article today about the tech-heavy NASDAQ Composite stock index.

The article reports:

The Big Tech-heavy NASDAQ Composite stock index closed at a record 11,108.07 Thursday evening, well over the historic 11,000 milestone, according to Nasdaq August 7. “A big reason for the market’s second-half momentum today was this week’s better-than-expected jobless claims report,” Nasdaq reported. “[N]early 1.19 million” filed jobless claims, but that marks “the lowest level since the pandemic began.” CNBC reported that this was the NASDAQ’s “seventh straight gain.” 

Like a bad habit, ABC World News Tonight (Tom Llamas filling in), CBS Evening News (Margaret Brennan filling in) and NBC Nightly News all censored the Nasdaq’s historic performance. Other good market news censored by the Big Three yesterday included how “[b]oth the Dow and S&P 500 posted five-day winning streaks,” according to CNBC. [Emphasis added.] 

Fox News’s Special Report did report on the stock market news, putting the Big Three to shame.

This may be one of many reasons Fox New’s ratings are going up while other news media ratings are going down.

The article continues:

ABC World News Tonight and CBS Evening News did find the time to egregiously spin the jobless claims report without providing the context that it was “at the lowest level since the pandemic began.” CBS Evening News spent 115 seconds pushing propaganda on the topic without providing that important bit of context. 

According to comments to CNBC by Jefferies money market economist Thomas Simons on the jobless claims report:

‘The overall tone of the jobless claims data is the best it has been in 3 weeks or so. The decline is the biggest since the week of June 6, so the data does not have the same sort of ‘stalling out’ theme that we have seen in recent weeks.’

That context was apparently not worth reporting by ABC World News Tonight or CBS Evening News.

If you depend on the mainstream media to keep you informed, you might want to rethink that.