Fox News Apologizes For On-Screen Chart Showing Stock Gains After Killings Of Black Men
For some odd reason, Fox News displayed an on-screen chart showing stock-market gains in the wake of infamous killings of Black men.
During Friday’s segment of “Special Report with Bret Baier, correspondent Susan Li took over to talk about the stock market. Li explained to viewers: “Stock markets hitting new highs despite the nationwide protests this week, historically there has been a disconnect between what investors focus on and what happens across the rest of the country. For instance, in 1968, the week after the tragedy of Martin Luther King, the S&P 500 rose over 2%, also up the week after the Rodney King ruling, and Wall Street trading on the reopening instead, this year in 2020,” Deadline quotes.
Apparently, other publications such as Fortune and The Wall Street Journal, have used similar data in stories on stock market reaction to the unrest. However, Fox caught major backlash for their latest coverage. The former chairman of the Republican National Committee even wrote on Twitter, “This is how they mourn the loss of black men at #FoxNews – by how much the stock market goes up. What. The. Hell!,” Michael Steele. Fox News is now apologizing for their insensitive move:
“The infographic used on Fox News Channel’s ‘Special Report’ to illustrate market reactions to historic periods of civil unrest should have never aired on television without full context.”
The Fox Corporation-owned outlet went on to say, “We apologize for the insensitivity of the image and take this issue seriously,”
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