Appointed by TV program that 'stock price rises when black man's death becomes a problem'



FOX News , a news broadcaster in the United States, said, ``In the stock market when the death of a black man became a problem in the United States, including Mr. George Floyd who died on May 25, 2020 by a police officer assault. A graph comparing 'reactions' was aired. After that, when this graph was reprinted on SNS, it got a big reaction, so FOX News announced that the graph was insensitive and apologized.

Fox Shows Graphic of Market Gains After Black Men's Deaths | Time
https://time.com/5849674/fox-news-apologizes-graphic-stock-market-deaths-black-men/

Fox News apologizes after getting called out for comparing'the death of black men to gains in the stock market'-MarketWatch
https://www.marketwatch.com/story/fox-news-apologizes-after-getting-called-out-for-comparing-the-death-of-black-men-to-gains-in-the-stock- market-2020-06-07

George Floyd: Fox News sorry after graph shows market reaction
https://www.usatoday.com/story/money/2020/06/06/george-floyd-fox-news-sorry-after-graph-shows-market-reaction/3164250001/

In a news program ' Special Report with Bret Baier ' aired on June 5, 2020, FOX News business journalist Susan Lee said, 'Despite the national protest this week, Stock prices have risen. Looking back on history, there seems to be a discontinuity between investor attention and social events,' says the 2020 Minneapolis anti-racist demonstrations are becoming a social issue. Nevertheless, he pointed out that the US stock price was strong.

The problem was the graph of 'the rate of increase in stock prices one week after the black man died,' which was taken up during the broadcast. A screenshot from the FOX News show posted by Twitter user Yashar Ali states: ``The assassination of Martin Luther King Jr., known as Rev. King, the Los Angeles riots that began with the death of Rodney King , 18 What percentage increase in the S&P 500 of the stock price index after the Michael Brown shooting dead when a black aged boy was shot by a police officer and the assault killing of George Floyd who started the 2020 Minneapolis anti-racism demonstration A graph showing is displayed.



With this post as the starting point, criticisms of FOX News were raised on SNS. ``This graph reveals that FOX News doesn't care about black lives,'' Rep. Bobby Rush said on Twitter. It's an outrageous and horrifying thing.'



Also, Rev. King's son Martin Luther King III said, ' I was amazed by the insensitivity of FOX News, which compares the death of a black to the profits of the stock market. It exists in the environment surrounding blacks in the United States. It only increases greed and inhumanity. A person's life is no match for the rising percentage of the S&P 500.'



In response to these criticisms, newscaster Bret Baier, head of the Special Report with Bret Baier, said on Twitter, 'The market response to the historical civil unrest used in the FOX News Channel's Special Report. Infographics to explain shouldn't have been televised in a complete lack of context. We apologize for this insensitivity and take this issue seriously,' FOX News' statement. Announced.



Fortune, an American business magazine, wrote in an article summarizing the relationship between social affairs and stock prices: 'Equity experts suggest that the stock market is cut off from horrific social events and newspaper headlines. Even in 1968, when the Rev. King was assassinated and the assassination of Robert Kennedy occurred, the stock market closed more than 7% higher and closed the year,'' he said. It is pointed out that it shows a movement unrelated to the confusion of.

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