MILES O'BRIEN, CNN ANCHOR: The stock market took a pennant- driven tumble today. And then all of a sudden at 3:00, bam, it started dropping. UNIDENTIFIED FEMALE: It is not just a Wall Street issue, it is a main street issue now.ĬHARLIE GIBSON, ABC NEWS: It's doing fine. KATIE COURIC, CBS NEWS: On Wall Street today, stock prices closed sharply lower.īRIAN WILLIAMS, NBC NEWS: Some retail forecasts out there. But when the stock market elevator slammed into reverse, the bad news was even bigger news, especially this week when the newscasts kept leading with a painful toll on Wall Street. It was no shortage of media excitement as the records fell, and everyone seemed to feel a little richer. Did the station sell its soul for a rating stunt? We'll ask her. Swimsuit model Lauren Jones takes the news desk in a small Texas town and is now the star of a reality show. Is he really Bush's brain, or have reporters exaggerated his importance? The press casts Karl Rove's resignation as a seismic event. As the stock market plummets from its record high, are journalists fueling the fear or calming the nerves? And why didn't they warn us that the overheated mortgage market might collapse?
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HOWARD KURTZ, HOST (voice over): Roller-coaster reporting. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED. Analysis of Coverage of Stock Market Roller-coaster Press Casts Rove's Resignation as Seismic Event