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Economic indicators successful President Donald Trump’s archetypal word presented hard facts for a batch of affirmative reporting earlier the COVID pandemic lockdowns, but that’s not what the broadcast networks presented to America.
Thirty-one Dow Jones records were acceptable betwixt January 1, 2017 and January, 26, 2018. Overall, successful 2017, the Dow Jones Industrial Average roseate much than 25%. The networks routinely ignored the records. But erstwhile the marketplace went down successful that year, they pounced. NBC’s Lester Holt warned "Is the alleged Trump bump over?"
So, it’s not astonishing that successful the existent tariff turbulence, the broadcast networks are accentuating the negative. On April 4, the Bureau of Labor Statistics recovered the system added a stronger-than-expected 228,000 jobs successful March. The "CBS Evening News" didn’t study it. ABC’s "World News Tonight" gave it 14 seconds. On "NBC Nightly News," anchorman Lester Holt dramatically demonstrated the committedness to antagonistic spin, fixed the atrocious time connected the banal market.
TRUMP 'OPTIMISTIC' CHINA WILL MAKE TARIFF DEAL, WHITE HOUSE SAYS
"The breathtaking autumn stripping $5 trillion successful wealthiness from U.S. markets successful conscionable 2 days. Squeezing idiosyncratic savings, leaving companies scrambling to adjust. Many signaling they volition person to rise user prices connected their imported products, large and small," helium warned. "Not adjacent a amazingly beardown jobs study – 228,000 jobs added successful March – was capable to stem today's marketplace slide."
Behind Holt, a graphic screamed: "Markets Lose $5 Trillion+ In Trump Tariff Meltdown."
Nobody thinks a acheronian time connected the banal marketplace isn’t header news. But the anti-Trump vigor is ever present. On April 9, erstwhile stocks skyrocketed backmost aft President Trump enactment a 90-day intermission connected caller tariffs (except for China), NBC anchor Tom Llamas reported the bully news, but past deed the brakes. "There are large questions hanging each implicit this," helium said.
Business analogous Christine Romans acknowledged the gains, adding: "But consumers inactive facing higher prices connected steep tariffs with China and tiny businesses wondering wherever things volition basal successful 90 days." Llamas past turned to playing up the China angle: "That caller 125% tariff connected China is expected to marque everything from covering to electronics to furnishings adjacent much costly present successful the U.S. Brian Cheung present connected the prices you whitethorn beryllium soon paying."
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These aforesaid networks perpetually downplayed ostentation nether Biden. In November of 2021, Stephanie Ruhle went connected "Sunday Today" and claimed we could grip higher prices. "The soiled small concealed here….while cipher likes to wage more, connected mean we person the wealth to bash so. Household savings deed a grounds precocious implicit the pandemic. We didn’t person anyplace to spell retired and spend….So, we request to enactment each of this successful perspective."
Today, they are playing up the prospects of inflated prices successful the future. Not lone that, but they’re besides not funny successful the existent ostentation quality successful the present.
On April 10, the user terms scale really declined 0.1 percent, for a year-over-year ostentation complaint of 2.4 percent. Once again, connected the nightly newscasts, it received abbreviated shrift. On NBC, Christine Romans gave it 8 seconds: "That agleam spot, user prices fell successful March from the period before, bringing the ostentation complaint to 2.4 percent." That’s 8 seconds successful a doom-and-gloom study that aired for 2 minutes and 44 seconds.
On CBS, anchor John Dickerson mentioned successful passing: "Falling gasoline prices are helping to bring ostentation down. The authorities reported contiguous that user prices fell a tenth of a percent successful March." That was astir 9 seconds retired of CBS pushing 5 minutes of tariff anxiety.
ABC skipped it entirely. They recovered clip to study that China was restricting the importation of American movies – atrocious quality for their Disney overlords – but not the existent ostentation rate.
The "PBS News Hour" added insult to injury, preceding 15 words connected the ostentation statistic with economical mockery from Team Biden: "On CNN, erstwhile Treasury Secretary Janet Yellen said President Trump took a wrecking shot to the economy." Yellen claimed "This is the worst self-inflicted coiled that I person ever seen an medication impose."
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PBS newsman John Yang added, "The user terms scale information was collected earlier the president's toughest tariffs. But economists pass that higher prices arsenic a effect of the tariffs could look successful a substance of months." They ever show a large "But."
When it comes to Trump, connected immoderate issue, the broadcast web "news" shows look designed to propulsion a 100-percent antagonistic communicative – oregon if they negociate 10 seconds of bully news, it’s 95 percent negative. This illustrates however they could beryllium denounced arsenic making "fake news" – the facts whitethorn beryllium accurate, but the rotation makes it look similar a Democrat run commercialized alternatively of straight-ahead journalism.
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