Maybe someone should tell ABC World News Tonight and NBC Nightly News that hiding good news to hurt President Donald Trump just solidifies them as liberal propaganda mills.
U.S. retail sales soared a whopping 17.7 percent in May, for the “biggest monthly jump ever,” according to CNBC June 16. In perspective, Dow Jones-surveyed economists only expected an 8 percent increase last month. This means the May report more than doubled expectations — by a comfortable 9.7 percent over the estimate. ABC World News Tonight and NBC Nightly News censored this news, continuing an egregious trend of not covering market activity when the news is good.
Recently, ABC World News Tonight and NBC Nightly News were two of three networks that censored news on the Nasdaq Composite stock index’s historic close above the 10,000 mark “for the first time.'' When the Nasdaq topped 10,000 for the first time June 9, the same two evening news shows ignored that milestone also.
ABC’s and NBC’s evening news shows did find time last night to prove they were anti-police by railing against Trump for defending law enforcement with an executive order proposing much-needed reforms, according to a recent report.
CNBC stated that the new numbers “added to an upbeat mood on Wall Street, with Dow rising more than 900 points in the premarket. By late morning, stocks were up more than 500 points.”
Fox Business said that consumer spending partially rebounded “after the coronavirus shut down businesses, flattened the economy and paralyzed consumers during the previous two months.” Also, according to Fox Business:
The Commerce Department’s report Tuesday showed that retail sales have retraced some of the record-setting month-to-month plunges of March (8.3%) and April (14.7%) as businesses have increasingly reopened.
The president praised the report, tweeting: “Wow! May retail sales show biggest one-month increase of ALL TIME, up 17.7%. Far bigger than projected. Looks like a BIG DAY FOR THE STOCK MARKET, AND JOBS!”
Analysts did caution “that some of the gains thus far probably reflect the impact of temporary government aid and expanded unemployment benefits in the face of a deep recession,” Fox Business said.
It would appear that good news for ABC and NBC really is no news at all.
MRC News Analyst Nicholas Fondacaro contributed to this report.