Wall Street Slashes NVDA Holdings

The most successful hedge fund in history quietly sold 500,000 shares. Here's what that means for your money. Billionaire Wall Street investors are quietly offloading millions of shares. What do they know that you don't? It's arguably the most popular stock in the world. Now, one 50-year Wall Street legend says its day in the sun could finally be coming to an end. Last year, he warned of two stocks that went on to crash 60%.

Sanewashing? The banality of crazy? A decade into the Trump era, media hasn't figure him out

DAVID BAUDER
October 09, 2024

NEW YORK (AP) -- Nearly a decade into the Trump Era of politics, less than a month from his third Election Day as the Republican candidate for president and there is still remarkably little consensus within the media about how best to cover Donald Trump.

Are reporters "sanewashing" Trump, or are they succumbing to the "banality of crazy?" Should his rallies be aired at length, or not at all? To fact-check or not fact-check?

"If it wasn't so serious, I would just be fascinated by all of it," said Parker Molloy, media critic and author of The Present Age column on Substack. "If it didn't have to do with who is going to be president, I would watch this and marvel at how difficult it is to cover one person who seems to challenge all of the rules of journalism."

Books and studies will be written about Trump and the press long after he is gone. He's always been press-conscious and press-savvy, even as a celebrity builder in Manhattan who took a keen interest in what tabloid gossip columns said about him. Most issues stem from Trump's disdain for constraints, his willingness to say the outrageous and provably untrue, and for his fans to believe him instead of those reporting on him.

It has even come full circle, where some experts now think the best way to cover him is to give people a greater opportunity to hear what he says -- the opposite of what was once conventional wisdom.

'Sanewashing' creates an alternative narrative, some say

Molloy first used the phrase "sanewashing" this fall to describe a tendency among journalists to launder some of Trump's wilder or barely coherent statements to make them seem like the cogent pronouncements of a typical politician. One example she cites: CNN distilling a Trump post on Truth Social that rambled on about the "radical left" and "fake news" into a straight news lead about the former president agreeing to debate his Democratic opponent, Vice President Kamala Harris.

At its best, polishing Trump creates an alternative narrative, she said. At its worst, it's misinformation.

During a Wisconsin rally the last weekend of September, Trump talked of danger from criminals allowed in the country illegally. "They will walk into your kitchen, they'll cut your throat," he said. The New Republic writer Michael Tomasky was surprised not to find the quote in The New York Times' and Washington Post's coverage, although The Times noted that Trump vilified undocumented immigrants, and there were other media references to what Trump himself called a dark speech.

"Trump constantly saying extreme, racist violent stuff can't always be new," Tomasky wrote. "But it is always reality. Is the press justified in ignoring reality just because it isn't new?"

One likely reason the remark didn't get that much attention is because Trump -- at the same rally -- referred to Harris without evidence as "mentally disabled."

That comment merited quick mention on the ABC and CBS evening newscasts the next day, in the context of criticism from two fellow Republicans, and after stories about Hurricane Helene's devastation and war in the Middle East. NBC's "Nightly News" didn't bring it up at all.

In other words, Trump said something wild. What's new? More than sanewashing, political scientist Brian Klaas calls that the banality of crazy, where journalists become accustomed to things Trump says that would be shocking coming from other candidates simply because they're numbed to it.

It's a hard fit for a daily news cycle

Illuminating reporting on Trump rarely fits the model of quick news stories that sum up daily developments. "This really serves the small group of news consumers that we would call news junkies, who follow the campaign day to day," said Kelly McBride, senior vice president of the Poynter Institute, a journalism think tank. "But it doesn't help people decide how to vote, or understand the candidate better."

Trump critics often complain about how the nation's leading news outlets cover him. But they sometimes overlook attempts to bring perspective to issues they're concerned with. The Times, for example, used a computer to compare his speeches now with older ones in a story Sunday, and similarly had a Sept. 9 examination of questions about Trump's age and mental capacity. The Post has written about how Trump doesn't mention his father's Alzheimer's Disease as he attacks others about mental capacity, and distortions about a cognitive test he took. The Associated Press wrote of Trump's Wisconsin rally that he "shifted from topic to topic so quickly that it was hard to keep track of what he meant at times."

"Trump is a really difficult figure to cover because he challenges news media processes every day, has for years," The Times' Maggie Haberman, one of Trump's best-known chroniclers, told NPR last month. "The systems ... were not built to deal with somebody who says things that are not true as often as he does or speaks as incoherently as he often does. I think the media has actually done a good job showing people who he is, what he says, what he does."

Press critics may instead be frustrated that the work doesn't have the impact they seek. "The people who don't like or are infuriated by him cannot believe his success and would like the press to somehow persuade the people who do like him that they are wrong," said Tom Rosenstiel, a journalism professor at the University of Maryland. "And the press can't do that."

Fact-checking is a bone of contention

One of the central issues surrounding the three general election debates was how, or whether, the television networks would fact-check the candidates in real time on the air.

CNN didn't during Trump's debate with President Joe Biden last spring. When ABC's moderators corrected Trump four times during his September debate with Harris, the former president's supporters were infuriated. CBS News sought a middle ground during the vice presidential debate, and learned how hard it is to satisfy everyone.

"F you CBS -- how DARE YOU," Megyn Kelly posted on X when CBS briefly cut JD Vance 's microphone after correcting him on a comment about immigrants. Salon media critic Melanie McFarland wrote that the people best equipped to point out truth "barely rose to that duty."

The fact-check industry flourished during Trump's years in office, the number of such websites devoted to that duty jumping from 63 in 2016 to 79 in 2020, according to the Duke Reporters' Lab. Yet limitations were also exposed: Republicans demonized the practice, to the point where many Trump supporters either don't believe those who try to referee what's true or false, or don't bother reading. In day-to-day reporting, it's not enough to point out when a politician is wrong, Rosenstiel said. They must clearly explain why.

Journalists, who rarely win popularity contests to begin with, saw their collective reputations plummet under withering attacks from Trump.

In the heady days of 2015, television news networks like CNN showed Trump campaign rallies at length. It was entertaining. It drove ratings. What harm could be done?

Many later regretted that decision. Throughout his presidency and beyond, television outlets that are not Trump-friendly have grappled with the question of how much to show Trump unfiltered, and still haven't fully settled on an answer. CNN shows Trump at rallies on occasion, rarely at length.

But in a back-to-the-future move, some experts now say it's best to let people hear what Trump says. Poynter's McBride praised The 19th for a story on child care when, frustrated by an attempt to clarify Trump's positions with his campaign, the website simply printed a baffling 365-word direct quote from Trump when he was asked about the issue.

While fact checks and context have their place, there's value in presenting Trump in the raw. "Showing Trump at length is not sanewashing," Rosenstiel said.

Molloy admitted to some surprise at how much traction her original column on sanewashing received. It may reflect a desire to define the undefinable, to figure out what the news media still hasn't been able to after all this time. She notes the politicians who try to emulate Trump but fail.

"They don't have what makes him Donald Trump," she said. "People can look at it as part of his brilliance and people can look at it as him being crazy. It's probably a little of both."

___

David Bauder writes about media for the AP. Follow him at http://x.com/dbauder.

Continue Reading...

Popular

Elon Musk's Pro-Trump Super PAC To Give $1M Every Day To People In Swing States For Signing His Petition

Billionaire Elon Musk on Saturday reportedly gave away $1 million to a man named John Dreher who attended his event in Pennsylvania aimed at rallying support for former President Donald Trump.

America Can't Afford a Harris Presidency - Ad

New research from Jim Rickards - former advisor to the CIA - reveals shocking predictions about an "Election Meltdown" coming this November. Jim's showing all American patriots why an "Election Meltdown" could crash stocks by 50%, lead to the final demise of the dollar, even cause violent riots in the streets.

A failed mic leaves Donald Trump pacing the stage in silence for nearly 20 minutes

DETROIT (AP) — paced his rally stage in silence for nearly 20 minutes Friday night in Detroit after his microphone cut out.

Google Says An Election Ad Ban Will Be Imposed After Polls Close To Curb Misinformation: 'Implementing This Policy Out Of An Abundance Of Caution'

Google will temporarily suspend all U.S. election-related ads after polls close on Election Day to prevent misinformation, resuming the policy it used in 2020 as part of broader efforts to curb election interference.

Silicon Valley Insider Reveals AI Retirement Playbook - Ad

Jeff Brown, who recommended Nvidia in 2016, is sharing his full blueprint to help you retire comfortably using AI investments. Follow his strategy for a secure financial future.

Musk offers voters $1 million to sign PAC petition backing the Constitution. Can that be legal?

, the billionaire founder of Tesla and Space X and owner of X who's gone all-in on Republican candidacy for the White House, has already committed at least . Now he's pledging to give away $1 million to voters for signing his political action committee's petition backing the Constitution.

Why LanzaTech Shares Are Surging On Wednesday

LanzaTech receives $3M award from US Dept. of Energy for carbon management project. Aligns with goal of converting CO2 into valuable products.

US Oil Set to Surge on Middle East Tension... Are You Ready? - Ad

With the Middle East facing yet another conflict, now is the time to get in. That's why today I want to show you the best way to profit from oil in 2024. It's NOT a stock, future or bond... Rather, it's an unusual investment that could hand you huge monthly income from the oil and gas markets.

Indonesia swears in Prabowo Subianto as the country's eighth president

JAKARTA, Indonesia (AP) — was inaugurated Sunday as the eighth president of the world’s most populous Muslim-majority nation, completing his journey from an ex-general accused of rights abuses during the dark days of military dictatorship to the presidential palace.

Cloudflare Opens New Lisbon HQ, Supporting 350+ Employees

Cloudflare expands in EMEA with new HQ in Lisbon, Portugal and plans for further growth. Key executives and local officials attend the opening event.

Meet The Companies That Could Be Behind Apple's "AiPhone" - Ad

"According to my research, these three tiny companies may be working behind the scenes to produce Apple's first ever AI-powered iPhone..." -- Luke Lango, Silicon Valley Insider

Walgreens to close 1,200 US stores in an attempt to steady operations at home

Walgreens plans to close about 1,200 locations over the next three years as the drugstore chain seeks to turnaround its .

Supreme Court allows a rule limiting pollution from coal-fired power plants to remain in effect

WASHINGTON (AP) — The on Wednesday allowed a Biden administration regulation aimed at limiting planet-warming pollution from coal-fired power plants to remain in place as legal challenges play out.

"Kings of Billion-Dollar Mines" Have Found a New Target... - Ad

Some of the smartest investors in the resource industry - the "Kings of Billion-Dollar Mines" - have identified their next big opportunity. Led by two brothers with deep roots in mining, they've found themselves in one of the richest gold regions in America. This team has a track record of success and they believe this company is next in line for massive growth.

Lucid CEO Peter Rawlinson Talks Saudi Investment, Elon Musk's Political Views And Taking Business From Tesla

Peter Rawlinson, CEO of Lucid Group, discussed the company's relationship with the Public Investment Fund (PIF) of Saudi Arabia, Lucid's rivalry with Tesla and Elon Musk's political views. 

PPG will lay off 1,800 employees as paints and coatings maker aims to cut costs

NEW YORK (AP) — PPG Industries plans to lay off about 1,800 employees amid efforts to cut costs, with the paints and coatings maker also inking a deal to sell a sizeable chunk of its architectural business.

Man Who Predicted Trump Win Issues Shocking New Election Prediction - Ad

In 2016, surveys were giving Hillary Clinton more than 99% chance of winning right up until election night. But right before the election... Former advisor to the CIA, Jim Rickards predicted Trump would win. You won't believe what he's predicting now. And it could have huge implications for the financial markets.

The FAA is opening a new review of safety at Boeing

WASHINGTON (AP) — The Federal Aviation Administration said Friday it will open a three-month review of Boeing’s compliance with safety regulations, continuing the of the company since a jetliner during an Alaska Airlines flight in January.

Trump Slamming Harris With Increasingly Sharp And Personal Attacks

Former President Donald Trump has reportedly launched a series of personal attacks against Vice President Kamala Harris.

10X More Profitable Than Physical Gold? - Ad

There's a backdoor gold play that could deliver 10 TIMES bigger gains than physical gold. In fact, this single investment has outperformed gold by 10-to-1 over the past 25 years... and FAR outperformed most gold stocks

$26M Bet On Trump's Election Victory Fuels Speculation Of Coordinated Activity On Polymarket (UPDATED)

Single entity behind $26 million Trump bet on Polymarket, coordinated activity with similar deposit patterns, raises questions about manipulation.

Alabama man arrested in SEC social media account hack that led the price of bitcoin to spike

WASHINGTON (AP) — An Alabama man was arrested Thursday for his alleged role in the of a U.S. Securities and Exchange Commission social media account that led the price of bitcoin to spike, the Justice Department said.

My TOP Altcoin for Right Now Is... - Ad

Searching for the top investment opportunity in crypto? Look no further. Our $3 report gives you the full scoop. You'll get this exciting token's name, our recommended investment strategy, and growth projections. Time is of the essence with this one...

Petitions for union representation doubled under Biden's presidency, first increase since 1970s

WASHINGTON (AP) — There has been a doubling of petitions by workers to have union representation during President Joe Biden's administration, according to figures released Tuesday by the National Labor Relations Board.

Don't Tell ANYONE About This Altcoin (Until It Pops)... - Ad

Quiet now! This governance token could be the sleeping giant of the crypto world... In the next bull market, this "DeFi 2.0" powerhouse might soar 10x... 50x... perhaps even 100x.

Here's Why Bill Gates Drops To Historic Low On Forbes 400 List

Bill Gates has descended to his lowest position on the Forbes 400 list in almost a quarter of a century.

The Nobel economics prize is being announced in Sweden

STOCKHOLM (AP) — The Royal Swedish Academy of Sciences is unveiling the winner — or winners — of the Memorial Prize in economics on Monday, wrapping up six days of awards announcements.

Gold: Now Legal Tender - Ad

Most Americans missed this big story, but 1 in 5 states have now made gold and silver coins legal tender. It's just one reason why so many predict gold will soon hit $5,000. And why you need to check out this $6 strategy for gold immediately.

Trump Falls 3 Points Behind Harris In New Poll, Economic Worries Dominate Voter Concerns: Report

In the upcoming U.S. presidential election, Democratic Vice President Kamala Harris maintains a narrow lead over Republican Donald Trump, according to the latest Reuters/Ipsos poll.

American Express profit rises in Q3 as card members continue to spend

NEW YORK (AP) — American Express' third-quarter profit topped analysts' expectations as the credit card company's cardholders continue to spend, with many holding a balance.

Tesla Execs Are Freaking Out - Ad

You might not believe what you're about to see is real, but I assure you the video has been left unedited. It's so revolutionary that tech giants like Microsoft, Amazon, and NVIDIA are all lining up to get their hands on it. And Elon Musk has completely restructured Tesla to chase this opportunity.

European Medicines Agency's Panel Supports Approval Of Novartis' Kisqali In Patients With Early-Breast Cancer

Novartis' Kisqali receives a positive recommendation from EMA's CHMP for adjuvant treatment of early breast cancer, showing a significant reduction in cancer recurrence in a Phase 3 trial. European Commission decision expected soon.

Tesla, Uber, AMD, Aehr, And TD Bank: Why These 5 Stocks Are On Investors' Radars Today

The S&P 500, Dow Jones Industrial Average, and the tech-heavy Nasdaq 100 all mirrored the decline falling 0.2%, 0.1%, and 0.05% respectively.

This Oil Investment Is Crushing Traditional Stocks - Ad

This is not your average oil play. It's an alternative investment with way more potential than traditional stocks... This oil play offers the best of both worlds -- income and growth. Take a look and discover how this oil investment leaves stocks in the dust.

Tim Cook Called To Complain About Billions In EU Fines Imposed On Apple, Says Trump: 'I'm Not Going To Let Them Take Advantage Of Our Companies'

Republican presidential candidate Donald Trump revealed that he spoke with Apple CEO Tim Cook, who expressed frustration over the EU's recent $17 billion in fines against the company, with Trump pledging to protect U.S. businesses from such penalties if re-elected.

Mark Cuban Drunkenly Bought A $125,000 Lifetime Flight Pass And Turned It Into A Profitable Investment

Business mogul Mark Cuban once made a spontaneous purchase of a lifetime flight pass from American Airlines during a celebratory spree, later upgrading it.Business mogul Mark Cuban once made a spontaneous purchase of a lifetime flight pass from American Airlines during a celebratory spree,

Wall St. Icon: Looming Financial Tsunami Will Wipe Out the 1% - Ad

Wall Street icon who forecasted Black Monday and dot-com crash says a new economic event will hit the American economy like a tsunami. It doesn't matter if you're blue collar, white collar, working, or retired. He says, "I am literally afraid for my family's future. I'm taking drastic steps to prepare for what I know will inevitably happen next."

Pierre Ferragu Notes The Disconnect Between Media And Crypto-Based Polymarket On Trump-Harris Election Outcome: 'I Love The Dissonance'

Pierre Ferragu, an analyst at New Street Research, recently expressed his views on the disconnect between prediction markets and the press regarding the 2024 U.S. presidential elections

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright systemtrading.ca
Privacy Policy | Terms of Service