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With the so-called “inverted yield curve” for bonds creeping up on Wednesday, ABC and NBC sprinted to stoke fears that “a recession could be on the horizon”, as NBC White House correspondent Kristen Welker declared.
But over on CBS Evening News, chief financial analyst Jill Schlesinger was telling viewers to “run your life as if this were just any old day.”
Before getting to the report on World News Tonight, ABC’s sensationalist anchor, David Muir spoke for almost a minute and hit on people’s worst economic fears. “The bottom line here tonight: the last time this happened was in 2007, just before the Great Recession. The Dow plunging more than 800 points down more than three percent in one day,” he dramatically announced.
“So, what does this mean for American families? The prices you pay at the store during this trade war. And what a downturn could mean for 401(k)s and jobs,” he rhetorically asked before handing the report off to chief business correspondent Rebecca Jarvis.