Fox News Channel on Saturday apologized after the display of an on-screen chart showing stock-market gains in the wake of infamous killings of Black men generated sharp criticism, acknowledging tha…
,” the cable-news outlet’s regular 6 p.m. program. During a segment examining recent stock-market performance, Fox News used a chart that showed how the S&P 500, a widely-used barometer of financial health, had made gains after the assassination of Martin Luther King, Jr. in 1968.
During the segment, viewers heard a reporter say, “Historically. there has been a disconnect between what investors focus on and what happens across the country. For instance., in 1968, the week after the tragedy of Martin Luther King, the S&P 500 rose over 2 percent.And Wall Street trading on the reopening instead in 2020.
Top executives at Fox Corp. have noted the tenor of the times. In a memo sent Monday, Fox Corp. CEO Lachlan Murdoch told employees, “It is essential that we grieve with the Floyd family, closely listen to the voices of peaceful protest and fundamentally understand that black lives matter” and noted that “Our mission to provide the best in news is particularly vital at this time.”
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