Brian Lowry of The Wrap writes about how Fox Business and CNBC are handling the glut of news about tariffs and the economy.
Lowry writes, “While that might sound harsh, the chaos of the Trump administration’s opening weeks, with his back-and-forth, on-and-off actions related to tariffs and wanton cuts to reduce government, has propelled the business channels into the eye of the storm. Amid this economic roller coaster, with wild fluctuations in the stock market — punctuated by the Dow dropping nearly 900 points in one day, or more than 2% — pressure to capture Wall Street’s skittish state of mind has increasingly taken center stage.
“Not that those channels have altered their established formulas, despite the higher profile they are currently enjoying. Yet the volatility surrounding the markets has triggered some particularly pointed commentary from the talking heads featured on these channels, which include Fox Business, whose highest-profile hosts are traditionally viewed as both pro-business and pro-Trump; and Bloomberg Television.
“On Fox Business, for example, former Trump adviser Stephen Moore called the president’s emphasis on tariffs ‘misguided,’ adding peril to what he described as ‘a very wobbly economy.'”
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