We have been detailing how CNN has been a steady source of journalism incompetence for days now regarding its coverage of the Iran conflict. The network has been the focus due to a dubious report from their intelligence correspondent Natasha Bertrand, and as detailed earlier, there has been a flurry of other reports and pundit pontifications leading to more embarrassments for the foundering news network. This outlet has shown it is incapable of halting its discrediting behavior.
READ MORE: CNN Hardest Hit: Latest Intelligence Shows Trump Was Right Again About Iran
CNN Is in the Midst of About the Worst Week of Reporting a Lone Outlet Can Have
Well, why don’t we toss another log of incompetence onto their credibility pyre, shall we?
As news of the bombing mission was still coming to light on Sunday, CNN delivered an alarm on what it would all mean to us as a nation economically. Auzinea Bacon reported on the effects — what she dubbed to be a “shock” — that the attack would have on our economy, specifically on the oil markets. We say “reported,” when in fact the entire piece was nothing more than speculation. Relying once again, as the press loves to do, on “experts,” we were told by Ms. Bacon that oil was promised to surge as a result of Trump’s actions.
The American economy faces the unwelcome prospect of reignited inflation after the United States launched strikes on three nuclear facilities in Iran.
High oil and gas prices are a near certainty, experts say. The big question now: How long will the fossil fuels price spike last?
Oil prices are expected to rise by about $5 per barrel when markets open Sunday night, according to experts.
“We are looking at $80 oil on the open,” said Andy Lipow of Lipow Oil Associates. US oil hasn’t closed above $80 a barrel since January and has largely hovered between $60 and $75 a barrel since August 2024.
Just grievous news and something that would display the rampant folly President Trump engaged in with this impetuous attack. Now, one might be tempted to fall back on the social media cliche and state that “this aged poorly,” except Ms. Bacon was almost instantly debunked in her promised economic demise – by her own network.
On Tuesday, CNN had a team of reporters delivering the results seen on the markets; everything was trending in the exact opposite direction as we had been promised.
Oil prices fell sharply Tuesday, returning to levels last seen before the Iran-Israel conflict.
Brent crude, the global oil benchmark, fell 6.1% to $67.14 a barrel. West Texas Intermediate crude, the US oil benchmark, fell 6% to $64.37 a barrel.
...
US stocks closed in the green. The Dow closed higher by 507 points, or 1.19%. The S&P 500 gained 1.11%, while the tech-heavy Nasdaq Composite rose 1.43%.
The S&P 500 was less than 1% away from an all-time high. The Nasdaq was 1.3% away from an all-time high.
This is nearly a carbon copy of what transpired when Trump’s announced tariffs were being implemented. We were promised the stock market would melt down instantly, prices would surge, inflation would swell, and we would be cast into a recession, probably before the 4th of July. That first Monday, the stock market dipped all of 1 percent. By the end of that week, the Dow was UP a few percentage points, and ever since, there has been little to be heard about the "dire" economy.
This remarkably error-prone report from Sunday underscores so much of what is wrong these days with the press in general, and at CNN in particular. The default setting for any news item is “How was Trump wrong?” and the facts are a secondary concern. If he enacts anything, it has to be considered imprudent and improper, and adverse effects are promised to follow.
Just as revealing is that when these assured disasters never materialize — or worse, good news manages to occur — there is a fraction of the energy applied to the reporting…if any takes place at all. This is the preferred method at CNN, and it is only accelerating their demise as a news outlet.
Editor's Note: The mainstream media continues to deflect, gaslight, spin, and lie.
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