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Fox News slammed for stock market graphic

This article is more than 12 months old

WASHINGTON: Fox News has apologised for airing a graphic showing how stock markets had responded after high-profile acts of violence against black men, including the assassination of civil rights leader Martin Luther King Jr and the recent killing of Mr George Floyd.

The chart appeared on Friday on Special Report with Bret Baier and showed how markets had risen after the 1968 killing of Mr King, the acquittal of police involved in the 1991 beating of Mr Rodney King, and the deaths of teenager Michael Brown in 2014 and Mr Floyd.

"The infographic used on Fox News Channel's Special Report to illustrate market reactions to historic periods of civil unrest should have never aired on television without full context," the cable channel said in a statement on Saturday retweeted by Mr Baier without comment. "We apologise for the insensitivity of the image & take this issue seriously."

The chart stirred outrage at a time when thousands nationwide have taken part in mass protests against racism and police brutality following the death of Mr Floyd at the hands of a white officer.

"This graphic makes it clear that @FoxNews does not care about black lives," Illinois Congressman Bobby Rush tweeted.

Former Republican National Committee chair Michael Steele tweeted: "This is how they mourn the loss of black men at #FoxNews - by how much the stock market goes up. What. The. Hell!"

'DUMBEST GRAPHIC EVER'

Other media, including Fortune magazine, pointed out that financial markets tend to rebound after social unrest.

"Dumbest graphic ever. Made to inflame and divide I guess," wrote Twitter user Matt Glantz. "(The market) has always gone up historically. You can pick the last four full moons and come up (with) a similar graphic."

Mr Rush added: "This is absolutely outrageous and disgusting. This graphic tells every single Fox News viewer that Black lives can be exchanged for market gain." - AFP

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