Bloomberg
Media Bias by Omission: Bloomberg Doesn't Investigate Democratic Presidential Candidates
As of Nov. 2019, Bloomberg admits that it engages in bias by omission with a Lean Left bent. Mike Bloomberg, New York City mayor and founder of the financial software company that owns Bloomberg, officially entered the 2020 Democratic presidential race in Nov. 2019. According to a memo sent to editorial and research staff obtained by CNBC and verified by a Bloomberg spokesperson, Bloomberg News announced it would refrain from investigating Mayor Bloomberg and his Democratic rivals.
“We will continue our tradition of not investigating Mike (and his family and foundation ) and we will extend the same policy to his rivals in the Democratic primaries. We cannot treat Mike’s democratic competitors differently from him,” Editor-in-Chief John Micklethwait said in the memo.
In Dec. 2019, President Donald Trump's campaign announced it would stop credentialing Bloomberg News reporters for rallies and other events until the outlet resumed investigating Democratic candidates.
Mike Bloomberg is founder and 89% shareholder in Bloomberg LP, the financial software company that owns Bloomberg News.
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Today’s Points:
The Trump assassination attempt makes him ever-more clearly the front-runner.
It’s unwise to call it a done deal — but Trump 2.0 should now be treated as the base case.
Focus will now move to the bond market; will it revolt in the face of tariffs and tax cuts?
Last week’s rotation in stocks might easily reverse with an expansionary Trump administration.
AND Rest In Peace, Dr. Ruth.
Base Case
Financial journalism can feel bloodless, if not tasteless, at times like this. Finance is rightly far down our list of priorities when lives have been lost and an event with horrifying implications for society has happened. However, shocking events like the attempted assassination of former president Donald Trump are bound to have financial effects, which will matter. Further, it’s my job to cover them. So I will now embark on an attempt at dispassionate analysis of what the appalling happening in Butler, Pennsylvania, will mean for markets and the economy.