Bloomberg Doing the Fox Business News Thing

Bloomberg TV is apparently watching Fox Business News. The same way that Fox is making a point of trying to force guests and host to avoid biz jargon, or at least define it, in the last few minutes I have seen a Bloomberg host ask a guest to explain backwardation, contango, and a steepening yield curve.

It’s all good, but the guests should be warned beforehand. Both guests looked like they had been unexpectedly asked why they breathe regularly.

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Comments

  1. Peter says:

    Did anyone else notice the peak in the stock market occured when Cody Williard started a TV show?!

  2. Now, now, be nice to young Cody. There is no denying he’s well-intentioned.

  3. Naane says:

    If I watch a documentary called “Most Poisonous Snakes” or “The Last Days of Hitler”, I don’t expect to be told that a snake is a slithery legless reptile, or that Hitler was the leader of the Nazi Party and led Germany into the Second World War. I don’t expect to be told these things because if I didn’t know what snakes and Hitler were, why would I want to watch an programme on them?
    Likewise, why would someone watch a programme in which guests are in danger of using words like “contango” if they’re not sufficiently interested in the futures market to understand the jargon?
    Now that aside, there is probably a market for one channel for “accessible” business news – I can see people watching the Thirty Minutes Hate on Fox News (Islamic cyber-drug addicts are taking yer jerbs!), calming themselves down with World’s Funniest Fatal Strokes on Fox proper, then flicking over to Fox Business to check the stocks the man in the email told them to buy. But why is there a need for two channels, let alone for one of them to be Bloomberg?