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Don't Even Mention the NYSE When It's Down!

Reported by Melanie - July 19, 2004 -

On Your World w/Neil Cavuto today (July 19, 2004, 4:00 p.m. ET) I confirmed something. Last Thursday it struck me that Cavuto had devoted virtually no air time to coverage of the US stock markets, or of any foreign markets. While he did his usual "Fox Stox" segment, during which he covers six to eight stocks in a nano second, not one second was devoted to market coverage.

I do blink and occasionally my eyes do leave the TV set, but I decided to pay closer attention in the days to come.

Friday, July 16, 2004, I did not see coverage of the markets. Today I did not see coverage of the markets.

The Fox News website (scroll to near the bottom of the page) summarizes Your World w/Neil Cavuto this way:

About the Show

More than just facts and figures, "Your World with Cavuto" gets to the heart of the matter with in-depth reporting from Dagen McDowell, FOX Business correspondent, and analysis from our FOX Business News All-Stars:

• Terry Keenan, host of Cashin' In
• Brenda Buttner, host of Bulls & Bears
• David Asman, host of Forbes on Fox

COMMENT: First, the market was going to go up after the Iraq war started because "the market likes certainty." Then the market was going to go up after we caught or killed Saddam Hussein. Then the market was going to go up after the "transfer of power." (Brenda Buttner said, in late June, that it was "go'in up right after the 30th!")

In reality, the New York Stock Exchange has done nothing but go steadily down since late June. Still, any respectable television program that claims to be about business news, devotes at least a few minutes to market activity; what the closing numbers were; what pressures were on the markets; what the mood was etc. Still, on Your World w/Neil Cavuto, the markets aren't even mentioned when the news isn't good. If it'll hurt Bush's chances for re-election, just leave it out.

It'll be interesting to see how long this lasts (if they're reading this blog, not long!).