Trump Criticizes Fox News in a Series of Social Media Posts

what happened

According to The Wall Street Journal, President Donald Trump spent several hours on election night criticizing Fox News. He said he had been watching the channel but switched it off because he disliked the voice of Jessica Tarlov, a co-host of The Five who often criticizes the president.

Trump also sent a private text to fellow host Greg Gutfeld, who read the exchange on air. According to Gutfeld, the president wrote that inflation would come down soon and that nuclear weapons would not be used against Iran. Tarlov replied, 'Just press stop,' a reference to unsubscribing from unwanted mass texts. Later, Trump wrote on Truth Social that Fox News polling was unfair and blamed the network's falling ratings on its heavy coverage of Democrats.

why it matters

For markets this is mainly a media story with no direct economic data. The references to inflation and Iran in the exchange reflect themes investors follow, but the item does not describe any price effect. The story involves Fox Corp and News Corp, which share common ownership.

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