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GWBush's Bad Business = No Business On Fox

Reported by Melanie - April 2, 2005

Friday was a very bad day "on Wall Street." Here is a brief overview of what happened:

The Dow closed down 99.46 points, ending at 10,404. (In early March, the Dow closed above 10,900.)

The Nasdaq fell 14.42 points and closed at 1,984.81. (In early March, the Nasdaq was pushing 2,100.)

The price of a barrel of oil rose above $57.00 (for the first time ever) and closed at $57.27.

The March job creation numbers were released: 110,000 jobs were created; half the number Wall Street predicted and half the number needed to "stay ahead of the curve."

Tonight (April 2, 2005, 11:39 p.m. ET), business websites such as Bloomberg, CNBC, the Wall Street Journal, London's Financial Times, the New York Times' business page, and CNN's Lou Dobbs (to name but a few), are all posting business news.

Meanwhile, Fox's "business" websites, Bulls and Bears, Cashin' In, Cavuto on Business, and Forbes on Fox, post this:

FOX News Channel's regularly scheduled programming has been pre-empted so we can bring you the latest on Pope John Paul II.

Join us as we look at the life and times of the 84-year-old pontiff. We recall his travels, his missions, his relationship with the United States and other leaders, and his special appeal to the faithful of all ages.

Stay tuned to FOX News Channel.

That's it.

Comment: Interesting that Fox News is using the death of Pope John Paul II as an excuse to keep the worrisome business news off the pages of its four Saturday morning "business news" programs. Undoubtedly, the Bush administration is very pleased.

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