Multiple mainstream media outlets had to retract reports that President Donald Trump was considering a 90-day pause on the tariffs he announced last week, some of which went into effect over the weekend.
The Wall Street Journal reported that CNBC briefly sent the stock market soaring on an unconfirmed report of the supposed pause.
“The information, which appeared on CNBC’s news chyron, was also amplified by several other outlets, including Reuters. The S&P 500 briefly surged some 7%, then fell back to earth within minutes,” the Journal said.
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“As we were chasing the news of the market moves in real-time, we aired unconfirmed information in a banner. Our reporters quickly made a correction on air,” a CNBC spokeswoman said.
Rumours of 90 day pause
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