Nets Ignore News That All Stock Market Gains WIPED OUT Under Biden

Another disastrous Wall Street day saw the Dow Jones Industrial Average plummet nearly 900 points by the closing, amid fears of a recession. All three night news networks failed to notice that this means all gains in stock markets made under the Biden administration are gone. 

CBS Evening News led with the stock market tumble with anchor Norah O’Donnell reporting “the Dow was down more than 2 percent on the day. NASDAQ dropped more than 4 percentAnd the S&P sank more than 3 percent. The S&P finished the day in a bear market” adding that “the last time that happened was at the start of the pandemic.” 

“It all comes ahead of a closely watched Federal Reserve meeting this week where the central bank is all but sure to raise interest rates” which are reported to be “going up by 75 basis points,” O’Donnell reported. While this is all true, what she failed to mention was the net stock market loss under Biden’s reign. In fact, Biden’s name wasn’t mentioned at all during the report. 

The same was true for ABC’s World News Tonight and NBC Nightly News. ABC correspondent Erielle Reshef during her network’s segment on the market crash noted the S&P 500 is “down nearly 4 percent for the day and more than 20 percent for the year” which is officially “bear market territory.” 

There are more NBC Nightly NewsAnchor Lester Holt reported briefly on the crash of the stock market, but did not mention Biden. 

Wall Street was again brutal today. Dow plunged 876 points. The S&P falling into bear market territory. The Fed is preparing to raise interest rates once again in an effort to curb inflation. Gas prices are at record highs of $5/gallon. 

Meanwhile, on Fox News Channel’s Special ReportPeter Doocy, White House correspondent, gave the viewers the truth straight from the source about the Biden economic situation. 

“A quick check of numbers that have changed since President Biden’s inauguration day, gas prices are now twice as high and the average price, the Dow Jones Industrial Average stocks are now trading lower,” Doocy informed viewers. 

Doocy added that “all Dow Jones Industrial Average Gains under Biden are gone.” 

Joe Biden is not interested in bad economic news being tied to the media. When they are forced to cover unfavorable news, they avoid any mention of Biden in the hopes their audience doesn’t connect the dots. 

Prevagen, Febreeze and Liberty Mutual made this bias possible on ABC, CBS, and NBC. The following information has been linked.

To read the relevant transcript click “expand”:  

FNC’s Special Report
6/13/2022
Eastern at 6:01:41 

PETER DOOCY (Bret): Let’s take a quick look at the numbers since the inauguration of President Biden. Gas prices have risen by twice the normal rate, and average oil prices, while the Dow Jones Industrial Average stock are trading lower. However, officials here say they are in good shape. 

KARINE Jean-PIERRE: It is well known that families worry about the stock market and inflation. 

DOOCY: All Dow Jones Industrial Average Gains Under Biden have been lost. Since a month, the White House is shifting their position on stock markets. 

JEAN-PIERRE 

DOOCY – But the President is open to credit when it’s good. 

JOE BIDEN : I have seen it hit record after recording after record. 

DOOCY: Gas prices rise as stocks fall. President Biden considers taking a trip to an oil major producer. 

ABC’s World News Tonight
6/13/2022
Eastern at 6:44:47 

ERIELLE RESHEF: There are now new worries about the looming recession following a terrible day on Wall Street. The S&P 500, the index tied to most 401(k)s, finishing down nearly 4 percent for the day and more than 20 percent for the year. Officially entered so-called bear territory 

MARK HAMRICK (SENIOR ECONOMIC ANALYST BANKRATE),: Because inflation is so persistent and high, the stock markets are suffering from severe indigestion. 

RESHEF – Persisting and growing worse. The prices are rising at the pump and in the grocery stores. 

(…)

RESHEF: Janet Yellen (Treasury Secretary) tried to allay fears of a possible recession last week. However, more well-known economists predict one. The Federal Reserve will meet this week, according to David. Last time they met they increased interest rates half a percent. They could possibly raise rates by three-quarters this time. This delicate balance is necessary to cool the economy and not trigger a recession. 

CBS Evening News
6/13/2022
Eastern, 6:32:07

NORAH O’DONNELL: Tonight many Americans are worrying about their retirement funds as stocks dropped to new lows for the year. An unstable economy and rising inflation caused investors to hit the sell key this week. Dow Jones fell by more than 2 per cent on this day. NASDAQ dropped more than 4 percent and the S&P sank more than 3 percent. The S&P finished the day in a bear market. That happened last year at the beginning of the pandemic. The crypto market has crashed for investors in Bitcoin and other digital currencies. Millions were lost. It all comes ahead of a closely watched Federal Reserve meeting this week where the central bank is all but sure to raise interest rates and it’s possible the benchmark could be raised even higher than forecasted. That could mark the highest rate increase in over two decades, at 75 basis points.

NBC Nightly News
6/13/2022
Eastern: 7:05 p.m.

LESTER HOLT : Another day of brutality on Wall Street. Dow plunges 876 points. The S&P falling into bear market territory. The Fed is preparing to raise interest rates once again in an effort to curb inflation. Gas prices are at record highs of $5/gallon.