Wednesday, October 08, 2008

Watching the BLOOD on Wallstreet

Wed 08 Oct 2008 06:24:54 AM PDT
Watching the BLOOD on Wallstreet

Coordinated Rate Cut by Global Banks rallies market for 1/2 hour and then turns Down.

Talk about "Bad Times at Ridgemont High".

The TV network following the Blooshed is CNBC, the cable finacial network with global reporters.

The numbers in viewershhip are reported at

While ad revenue won't rise in lockstep with increasing audience levels, there certainly are more eyeballs watching CNBC, Fox Business Network and Bloomberg. When the Dow Jones Industrial Average plunged 777.68 points Sept. 29, CNBC says average total viewers from 5 a.m. to 7 p.m. reached an all-time high of 726,000. In one of many examples of a CNBC audience spurt, its Business Day experienced a 33% hike in adults 25-54 in September with 106,000 viewers in that demo, versus an 80,000 average in the same month a year ago, when stock prices were at a peak. NBC Universal owns CNBC. Likewise, the fledgling Fox Businesss Network, usually with ratings so small they don't meet Nielsen thresholds, claimed an average of 91,000 viewers on Sept 29 from 1 p.m. to 10 p.m.

Story Link here:

Pictures from CNBC Cable Channel 50.


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