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Cavuto Gloats Over Bad News From GE (as in NBC, CNBC and MSNBC)

Reported by Melanie - April 11, 2008 -

Since when does Fox's "business news" guy, Neil Cavuto, report a 256.56 point loss on the Dow at the top of his show? Since almost never, but today "U.S. Stocks Slide on Unexpected Drop in General Electric Profit" and Cavuto couldn't resist getting a lame dig in at one of his competitors.

Here's what he said:

Stocks getting creamed. The Dow diving more than 250 points. You can blame largely General Electric, a key Dow component. That company that makes everything from light bulbs to jet engines and sees networks like NBC, CNBC, MSNBC feeling the pinch.❊ GM's financial services business taking the biggest hit and it's got Wall Street worrying about the economy because many see GE as a proxy of the economy, so they're not taking any chances ahead of the weekend — selling first, asking questions later. The Dow for the week, by the way, down about 2%. The place for all of this news, of course, Fox Business Network. They have it all.

Comment: Cavuto didn't entirely abandon his GOP minders — he left out the part about how (link above), "consumer confidence fell to the lowest level since the early days of Ronald Reagan's presidency." (Hey, I thought Your World was the place to go for business news (in the same vein as Bill O'Reilly is the place to go for journalism). Guess not. Talk about feeling the pinch. Cavuto wants us to turn to FBN and join the two or three people whose living room television set is tuned to FBN while they eat cereal in the kitchen.)

Behind NBC's Rating's Hike
March Ratings: Who's Watching What, Later.
Total viewers for CNBC (during the business day) are up 21% year-over-year for the first quarter to date.