CNBC -- critique. Message Board

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Pastimes : CNBC -- critique.

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To: Ted David who wrote (2440)	4/23/1999 8:12:00 AM
From: Ian@SI	Read Replies (3) of 17683

Ted, On Triple Witching Friday in March, while the market showed signs of closing well above 10000 for the first time, Maria Bartiromo got a "scoop". She reported that Morgan Stanley was telling its clients to sell IBM which MS believed would miss its quarter. Obviously, Maria got sucked in by this unfounded rumour. Does CNBC have any policy concerning verification of breaking news before misleading its viewers as severely as Maria obviously did? If not, what are your views on validating leaks and rumours before broadcasting 'scoops'? Or is it just "Caveat Emptor". Don't listen to anything that CNBC reports especially as an option expiry Friday is approached. Ian.

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