Fake Financial News For Trump

Ledes on financial market articles are invariably based on arbitrary efforts to create a narrative.  

But in its overt political bias without a bit of substantiation, this Yahoo headline from around 4:30 in the afternoon of July 15, 2024, is remarkable:
Stock market today: Stocks rise, Dow eyes fresh record as bets on Trump ramp up

The article starts: “US stocks climbed Monday in the final hour of trading as investors weighed the market impact of an assassination attempt on presidential candidate Donald Trump that overshadowed the return of earnings season… But the market was focused on the potential fallout from the apparent bid to assassinate Trump at a rally on Saturday. Bets ramped up on a win in November's presidential election for the Republican frontrunner, seen as likely to cut taxes, raise trade tariffs, and ease up on regulation.”

The article provides no evidence for these claims, and the headline changed later in the day.

Interestingly, when the Dow dropped a thousand points over the following two days, there were no media reports attributing the plunge to fears of a Trump presidency.

The New York Times Business Section of July 20, 2024. contained a similar specious puff piece. Financial cable “news” regularly seems to make up stories out of thin air. In fact, virtually no interview with a corporate executive can be trusted as anything other than an opportunity to put a positive spin a business’ financial or political position.

Stay alert, Democrats, and respond to these minor but constant efforts to drive the public narrative in the Republicans’ favor.