Stock Market

During an interview with the stars of the Hollywood’s latest anti-capitalist screed, Money Monster, on Friday’s NBC Today, correspondent Keir Simmons summed up the plot of the film: “In the movie, [George] Clooney is forced to wear an explosive vest by British rising star Jack O'Connell. Who lost his dead mother's money on stocks.” Simmons noted: “This guy is a terrorist, who you end up feeling…

It hurts to discover your political hero is just another sell-out hack. And so it was for Mika Brzezinski today, confronted with the reality that her idol, Elizabeth Warren, whom she was promoting for president as early as 2013, has apparently sold out in return for a spot in a a prospective Hillary Clinton administration. Today's Morning Joe rolled a clip of Fauxcahontas repeatedly dodging…

The government's Bureau of Labor Statistics reported today that consumer prices fell 0.2 percent in February. Lower prices should be good news, right? Wrong, at least according to Martin Crutsinger at the Associated Press. Crutsinger's Wednesday dispatch also managed to ignore the fact that even the supposedly low inflation seen during the past 12 months has eaten up most of workers' very…

Well, well, the stock market has, of a sudden, caught up with the Obama economy. The spectacle is not pretty. 

A strong indicator that the plot of your show might be a tad underwhelming is when you feel compelled to make your opening scene an orgy of sadomasochistic torture. I won’t describe it. Just watch, if you dare.

During the middle years of last decade, the business press, including the Associated Press, worked the word "recession" into its reports on the economy quite regularly. Yesterday, despite a current economy facing far worse fundamentals than were seen during 2007, the AP's Paul Wiseman and Bernard Condon gave us a nearly 882-word treatise on "WHY GLOBAL WOES AND SINKING STOCKS DON'T MEAN US…

The Associated Press's coverage of Friday's deep U.S. stock market dive in two Friday afternoon reports engaged in the reality avoidance longtime readers here have come to expect. An item by Stan Choe ("Get used to it: Big drops for stocks are back again") spent most of its verbiage on "volatility," and only cited "China's sharp economic slowdown ... Tensions in the Middle East ... the plunge in…

The press's fierce determination to avoid blaming any of the steep decline in this nation's stock markets so far this year on horrid U.S. economic data, or on the Obama administration which has given us such a sour economic environment, has gone way beyond annoying. Shortly after noon at Yahoo Finance, as the Dow Jones Industrial Average's Friday dive hit 500 points, Nicole Sinclair, who is also…

It would appear that Yuri Kageyama at the Associated Press has fallen into the trap of believing the rubbish her employer and much of the rest of the world's press has been pushing about how the world's economies really aren't performing all that poorly, that this "new normal" world isn't all that bad, and what we are seeing is all we have a right to expect. You see, Kageyama doesn't understand…

It doesn't seem likely that an oil company CEO would get the benefit of the doubt Apple CEO Tim Cook received from the press yesterday after he emailed well-known financial commentator and investment adviser Jim Cramer about his company's performance in China. In an email read over the air on CNBC, Cook reported that "we have continued to experience strong growth for our business in China…

The downward spiral of China’s economy has sent U.S. stocks plunging wildly. The Dow dropped 1,000 points as the market opened Aug. 24, but stocks were rebounding by midday according to MarketWatch. MarketWatch reported that day, “Chinese equities surrendered all of their gains for 2015, and a rout in the U.S. on Friday that capped the worst week for the market in four years. Investors are…

Tonight's report at the Associated Press in the wake of Wall Street's disastrous day isn't quite an Animal House moment — "Remain Calm! All Is Well!" — but it's more than fair to say that the wire service's Matthew Craft and Bernard Condon allowed quite a bit of wishful thinking into their writeup. In late June, I noted that the AP's Ken Sweet asked a very important question about China ("IS…

Based on how they handled it today, it's pretty obvious that the Associated Press's Ken Sweet and his wire service's headline writers want the lowest possible number of users of their reporting — consumers and subscribing print and broadcast outlets — to know about the mainland Chinese stock market's historically deep 8.5 percent Monday dive. It took four paragraphs for Sweet to get to the…

In their coverage Monday night of the debt crisis in Greece, ABC and NBC refused to label the current Greek government as socialist, far-left, or even left-wing with ABC neglecting to even explain why Greece has found itself in such a precarious position as they stand to possibly default on their billions of dollars in debt and/or leave the Eurozone. In contrast to both networks, the CBS Evening…