Networks Notice 4.1% GDP, But CBS Sees ‘Mirage’ in the Numbers

Business
Julia A. Seymour
July 31st, 2018 9:42 AM
After ignoring all three estimates of first quarter GDP growth, ABC, CBS and NBC found the second quarter estimate too good to overlook. The Bureau of Economic Analysis announced on July 27, that the economy grew by 4.1 percent in the second quarter, the highest quarterly growth in nearly four years. It was a strong number, but the networks were quick to look for problems with it — especially CBS…
 

NBC Promotes Obama: Stimulus Started Economic 'Healing,' Auto Bailout

Kyle Drennen
June 3rd, 2011 2:54 PM
An otherwise straightforward report on bad economic news on Friday's NBC Today cited economist Diane Swonk, who argued government stimulus prevented things from getting worse: "We basically had a massive coronary during the financial crisis....Financial stimulus and monetary stimulus, you know, got us to the stage where we're healing but we're in still in a lot of rehab." Correspondent Tom…
 

CNBC Panel Warns Drop to 9.4 Percent Unemployment is 'Anomaly

Julia A. Seymour
January 7th, 2011 11:46 AM
A sharp drop in the unemployment rate from 9.8 percent to 9.4 percent "surprised" analysts on Jan. 7, but Mesirow Financial's chief economist Diane Swonk warned CNBC viewers that it was an "anomaly." The drop in unemployment rate confused some because in the same report the Bureau of Labor Statistics reported only 103,000 overall nonfarm payroll gains in December 2010. CNBC's "Squawk…