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Trump urges investors who lost money after 'false' ABC, Brian Ross report to sue network | Fox News
This could get interesting. Most mutual funds and other traders use automated sell systems. This ABC bogus report certainly tripped a few sell thresholds, followed by quick re buys.
The end result? A bunch of people lost money, and a bunch of people made money, but reason was the irresponsible reporting fake news - I.E. jorrnalistic malpractice. The fact that ABC suspended the reporter hurts their case if they get sued.
The Dow Jones average on Friday morning indeed plunged by 350 points after Ross incorrectly reported that former National Security Adviser Michael Flynn was going to testify that Trump, as a presidential candidate, directed Flynn to contact Russian officials, amid federal investigations into whether Moscow and the Trump campaign colluded in the race.
However, the Dow, a major stock market index, regained most of its early Friday loses and finished just 41 points down when the markets closed for business.
This could get interesting. Most mutual funds and other traders use automated sell systems. This ABC bogus report certainly tripped a few sell thresholds, followed by quick re buys.
The end result? A bunch of people lost money, and a bunch of people made money, but reason was the irresponsible reporting fake news - I.E. jorrnalistic malpractice. The fact that ABC suspended the reporter hurts their case if they get sued.