Posted on 05/01/2020 2:53:52 PM PDT by JV3MRC
When CNBC reports the markets are showing signs of fighting back against the coronavirus fallout, you’d think that’d be newsworthy for sister network NBC’s evening news broadcast. Apparently not. CNBC had reported stunning results after the markets closed yesterday. The outlet noted that the Dow Jones Industrial Average and the S&P 500 “posted their best month since the 1980s.” CNBC continued: “Optimism has been driven by hopes that economies will gradually begin to reopen, as well as by positive results from a Gilead Sciences drug trial for a coronavirus treatment.” Thursday’s edition of NBC Nightly News with Lester Holt skipped that whole story.
(Excerpt) Read more at newsbusters.org ...
And..?
I don’t watch network news. But what do you expect ?
NBC is Comcast
Are ABC CBS NBC and CNN “essential?”
So what?
The economy sucks and the market is way off its high-
that is why the S&P had “its best month ever”
The headline makes sense on a financial news site, it looks idiotic if presented as straight news.
The pandemic and the resulting shutdown of major business functions within the economy are unprecedented and have caused most companies to withdraw their earnings projections. This means that for the time being the prices of stocks are decoupled from reality and reflect the emotions of people and the responses of algorithms to headlines. Until the shutdown and its effects are understood and we return to semi-normal there is no reason to put any weight on stock prices or unemployment claims information.
That said, I look forward to the day when the unemployment numbers drop by millions each week as people go back to work and President Trump can claim he’s created more jobs in a shorter time than any previous president.
The alphabet networks are too busy with scare stories and food shortages and hit pieces on Trump to have any room for positive news.
Exactly.
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