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Shock: Fox Employee Promotes Bush

Reported by Melanie - August 25, 2004 -

Today (August 24, 2004) on Your World w/Neil Cavuto, Cavuto moderated a round table discussion on the market and the economy. The four participants talked about how: oil prices are down 10% this week after "flirting" with $50.00 a barrel; oil could go as low as $40.00 a barrel but will probably be between $40.00 and $60.00 a barrel for the rest of the year; energy prices could affect the housing market because of possible high heating prices for large homes; oil is a bit "over bought;" the market "needs and wants" a pull back but it could "bust out," and GDP is fine. Then something about the trading range and "stock selectors."

At the very end, Cavuto turned to Terry Keenan, Fox News' "Senior Business Correspondent" and, of course, on the Fox payroll. Cavuto to Keenan: "What do you think Terry?" Keenan: "You know, I think that we could move to new highs if Bush gets re-elected, I mean, history would show the Dow'd be back over 11,000...." Cavuto interrupts: "If Kerry wins?" Keenan: "Probably a flat market."

COMMENT: Politics wasn't discussed in this segment until Cavuto turned to Fox News (fair and balanced) employee Terry Keenan to repeat Fox News' financial and business news mantra: Bush wins: market up. Kerry wins: market down.