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Trading  | December 9, 2017

After yesterday’s latest botched hit job by CNN on president Trump, which came exactly one week after the fiasco where erroneous ABC reporting on the Flynn affair sent the market tumbling, it was only a matter of time before Trump lashed out at the news network whose credibility and influence is evaporating with every fabricated story.

A little after 8am on Saturday, he did just that slamming CNN of making a “vicious and intentional mistake” over the network’s effective retraction, when it was forced to correct an erroneous news report related to the Trump/Russia probe. Having been on the receiving end of three “fake news” stories in the past week, betwee the ABC Flynn debacle, the Bloomberg Deutsche Bank subpoena, and now CNN, Trump demanded that CNN fire “those responsible,” and commented that an ABC reporter who was suspended for a separate erroneous report should be fired as well.

“Fake News CNN made a vicious and purposeful mistake yesterday. They were caught red handed, just like lonely Brian Ross at ABC News (who should be immediately fired for his “mistake”),” Trump wrote. “Watch to see if @CNN fires those responsible, or was it just gross incompetence?” It is worth noting that Ross was not fired but rather suspended for 4 weeks.

In a second tweet, the president suggested CNN change their slogan after the report to “the least trusted name in news.”

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CNN’S slogan is CNN, THE MOST TRUSTED NAME IN NEWS. Everyone knows this is not true, that this could, in fact, be a fraud on the American Public. There are many outlets that are far more trusted than Fake News CNN. Their slogan should be CNN, THE LEAST TRUSTED NAME IN NEWS!” the president tweeted.

As reported yesterday, in the original CNN report posted Friday claimed Trump’s eldest son received a “head’s-up” email on Sept. 4, before WikiLeaks had made public a cache of hacked documents containing Democratic information. Other media outlets correctly reported that Trump Jr. and other campaign officials had received the email pointing them to the WikiLeaks documents on Sept. 14, after the documents had already been made public. CNN later corrected its report, issuing the following correction.

CNN originally reported the email was released September 4 — 10 days earlier — based on accounts from two sources who had seen the email. The new details appear to show that the sender was relying on publicly available information. The new information indicates that the communication is less significant than CNN initially reported.

However, despite Trump’s demands a CNN spokesperson said there will not be disciplinary action against the reporter involved, because the reporter used multiple verified sources, following CNN’s editorial process. The most amusing bit, however, was CNN claims that it does not believe there was malicious intent involved.


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