Now that Mueller and the dossier are ancient (buried) news, the liberal Spanish-speaking media will jump at any chance (asides from its non-stop illegal immigration litany) to declare doomsday for President Trump and his Administration. Case in point: the possibility, according to Univision, CNN en Español and Estrella TV, of an economic recession that could put an end to Trump’s claim to credit for the current economic boom.
Appearing on NBC’s Today show Thursday morning, CNBC Mad Money host Jim Cramer was the voice of calm, telling his colleagues to “dial back the hysteria” over the economy and reassuring viewers that “the markets are up huge.” He called out those in the press, including NBC, that were “sowing panic” about the possibility of a future recession.
Wall Street experienced another record-setting day July 11, as the Dow Jones Industrial Average closed above 27,000 for the first time ever. But you would know little about that new record if you were watching the three broadcast evening news shows that night. And nothing at all if you watched NBC Nightly News.
The U.S. officially entered its longest economic expansion ever July 1, boasting 121 straight months without a recession beginning in June 2009. This broke the previous record stretching from March 1991 to March 2001. MarketWatch reporter Jeffry Bartash noted that the S&P 500 Index, the Dow Jones Industrial Average, and the Nasdaq Composite Index have all gained by more than 200 percent “since the start of June 2009.” And yet, the three broadcast evening news shows found no reason to celebrate the good economic news.
JPMorgan Chase CEO Jamie Dimon thinks President Donald Trump deserves “some” credit for the strong economy and that tax reform needed to happen, even though his “liberal New York friends would never agree.” On Yahoo Finance’s Influencers with Andy Serwer on June 27, Dimon applauded Trump’s pro-business economic agenda, especially tax cuts and deregulation.
Even CNBC's more liberal anchor wasn't thrilled with newly announced plans from Democratic candidates to tax Wall Street transactions. Reporter Ylan Mui told Squawk Box viewers on May 23 about plans from liberal candidates Sen. Bernie Sanders (I-VT), Sen. Kirsten Gillibrand (D-NY), Sen. Elizabeth Warren (D-MA), and Pete Buttigieg (D-IN) to tax Wall Street to pay for expensive things like "free" college.
In spite of growing wages, extremely low unemployment and nearly 3 percent economic growth in 2018, the liberal media are becoming obsessed with recession. It didn’t matter that CFOs were confident the U.S. economy “will not experience a recession” in 2019. They were fixated by recession prospects in March anyway.
Every. Single. Day.
The stock market has been on the rebound in 2019, after what some called an “irrational sell-off” in late 2018. The network evening shows covered that “market meltdown” throughout the fall, but have spent a lot less time covering recent gains.
Stocks “rebounded in spectacular fashion in January,” but anyone reliant on network news programming may not have noticed since the networks proved yet again to care far more about bad economic news.
ABC, CBS and NBC evening news shows covered the bad news for stocks in December and January more than four times more than positive market news during that time (1,745 seconds to 422 seconds or 29 minutes, 8 seconds vs. 7 minutes, 3 seconds).
Political watchers are well aware that former New York Mayor Michael Bloomberg is probably running for president in 2020. That makes his media empire’s attacks on President Donald Trump more concerning than ever. The cover story of the Jan. 7, issue of Bloomberg Businessweek shows a dejected looking Trump with his red tie extending all the way to the ground. “The Trump Slump,” the headline read. “Why the market said goodbye to the Trump Bump.”
The liberal media were at it again in 2018, continuing to misreport, exaggerate, censor and spin business and economic news.
Some moments were laughable, such as when a New York Times reporter implied America no longer uses coal for energy. Others, such as the warning of a “climate genocide,” were no laughing matter.
It's one thing for Joe Scarborough to criticize President Trump regarding various controversies. But when Scarborough brazenly boasts about the "Obama recovery," and thanks President Obama for it, you know that the former Republican has gone all-in with the Democrats. Playing off the recent drop on Wall Street, Morning Joe opened today by mocking Trump for his positive comments on the market back in August. Fine. But Scarborough then took things a servile step further, declaring: