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Not Much Business News on this Business Show

Reported by Melanie - August 12, 2004 -

The Dow Jones Industrial Average fell 123.73 points today (August 12, 2004) to 9,814.59. The Nasdaq fell 29.93 points to close at 1,752.49. Listening to business news throughout the day you heard lots of speculation about why these markets have been falling for six weeks now. Oil. Terrorism. Jobs. Earnings.

The bad day on Wall Street wasn't discussed on Your World w/Neil Cavuto, "the most powerful name in business news," until 20 seconds before the show ended, at 4:59 p.m. ET.

Instead, the show started with a FOX NEWS ALERT telling us that NJ Gov. James McGreevey would soon be holding a news conference; then to reporter Jamie Colby at the National Hurricane Center; then to two Florida mayors to talk about what preparations they're making for Hurricane Charley; then to James Lee Witt, Fmr. Director of FEMA to talk about whether or not FEMA has enough funds to deal with situations like two Florida hurricanes at once; then to a "BUSINESS ALERT" on Dell's earnings; then to a news break, then to Frank Gaffney, President of the Center for Security Policy to talk about not investing in companies who in turn invest in countries who sponsor terrorists; then to Fox Producer Tadek Markowski on the phone with a report from Najaf (on "cleaning house in Najaf" as Cavuto said); then to Don Lucey, owner of Bamm Tours who's planning on taking a group of tourists to Iraq; then to the live Gov. McGreevey press conference at 4:26 p.m. ET. After the McGreevey conference ended, it was all McGreevey all the time until 4:59 p.m. ET when Cavuto, Degan McDowell and another guest alluded to Wall Street's bad day with: a "huge hit," and worry about revenues.

COMMENT: And this is Fox's premiere business show? Where's the business? Words like "the markets" were worked into the McGreevey bashing, but is that what they mean on Fox when they call this show "the most powerful name in business news?" (And, I guess we pretty much ignore any news that might be bad for Bush now, huh?)