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.

 

If You Watch The Mainstream Media, You Are Uninformed

Newsbusters posted an article today about some recent economic news reported by the major networks.

The article reports:

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.

The article also notes:

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.]

It’s difficult to have a fair election when the news sources that many Americans depend on refuse to report the news in an unbiased manner. Hopefully, most Americans have learned to look beyond the propaganda and search for the facts.

Why I Started This Blog

I am pretty much the average news junkie. During the early nineties, I realized that a lot of information I was getting from the media was not making sense to me. When the first Iraq war began, I started listening to talk radio and hearing things that I was not hearing anywhere else. As I began to pay attention, I realized that I was not hearing the full story on the news and began to look for other sources of information. As the internet grew, more of those sources became available (without having to subscribe to fifty newspapers and have a pile of paper in your house at all times}. During the 2008 primary campaign, I became very concerned about the things I was reading versus the things the news was reporting. I began this blog. Last Thursday, Newsbusters posted a story that convinced me that I need to keep blogging for as long as it takes for everyone to evaluate carefully what they hear on the news from the mainstream media or on the internet.

The headline in the article in Newsbusters is,”ABC, CBS Notice Obama’s ‘Lowest Ever’ Approval Rating; NBC Out to Lunch.”

The article reports:

On Tuesday, ABC’s World News and CBS Evening News both reported the latest poll numbers from the “respected” Quinnipiac University, as CBS’s Scott Pelley labeled the institution, regarding President Obama’slowest ever” approval rating, along with Americans’ dim view of the politician’s honesty. ABC’s Diane Sawyer noted that “for the first time in his presidency, a majority of American voters – 52 percent…say President Obama is not honest and trustworthy.”

The fact that 52 percent of Americans think that President Obama is not honest and trustworthy is important. Admittedly, in the past thirty years Americans have lowered their standards in expecting honesty from politicians (although we have sent a few of them to jail), but that is an astonishing number that we as voters need to be aware of.

Please follow the link above and read the entire article. All of us (including me) need to be better informed.

 

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