Charle Gibson

When the Labor Department on Friday announced a strong gain of 166,000 jobs during October, double expectations, ABC and CBS gave it a few seconds while NBC ignored the good news, but on Wednesday night NBC, as well as ABC and CBS, led with a bad day on Wall Street they painted as a harbinger of impending economic doom. NBC anchor Brian Williams piled on the bad news as he insisted he took “no pleasure” in highlighting it. With “DANGER SIGNS” on screen, Williams announced: “Good evening. The following sounds pretty awful -- and we take no pleasure in reporting it -- but today Wall Street fell, the U.S. dollar fell, GM is in bad shape and the housing market continues to be in big trouble.”

CBS displayed “MARKET TURMOIL” on screen as Katie Couric opened with how “investors were carrying a world of worries on their shoulders today” because of “the falling dollar, record high oil prices, the mortgage mess, the housing slump, and a possible economic slowdown. And they responded by dumping stocks. That sent the Dow plummeting more than 300 points for the second time in a week.” Over on ABC, Charles Gibson teased his top story: “Tonight, oil gushes and Wall Street plunges.” Gibson cutely led: “Wall Street today took a nose dive sharp enough to make investors' ears pop.”