Stocks Soar and So Does Your World
Reported by Melanie - March 30, 2005
Today (March 30, 2005) on Wall Street the Dow rose 135.23 points and the Nasdaq rose 31.79 points. Your World w/Neil Cavuto opened with a full screen graphic reading "Fueling a Rally!" Eight minutes into the show, after a report on Schiavo and the Pope, substitute host Stuart Varney signed off on an ad break by saying: "Straight ahead on this edition of Your World, a market rally today. Oil down, stocks up."
After the break Varney introduced four panelists under a caption reading, "The Little Rally That Could." During the roundtable discussion Fox flashed banners at the bottom of the screen which said things like "Stocks Surge," "The Dow Soars," "US Economy Grows at Brisk Pace," "Gross Domestic Product Grew..." "Corporate Profits, After Taxes, Up 12%," "Mortgage Apps Rose 2.4% Last Week."
Comment: What a contrast. Yesterday the Dow fell 79.95 points and the Nasdaq fell 18.64 points. Consumer confidence was down and traders were "jittery" about jobs and oil prices. None of that (not even the closing numbers on the Dow or the Nasdaq) were mentioned yesterday on this show. As I've said before, when the economic news is good, Fox yells it from the rooftop. When it's bad, Fox hides it in the scroll at the bottom of the screen, Neil Cavuto mumbles something during an interview or nothing is said at all. If the economic news of the day hurts Bush, chances are you won't hear it here.
