Bloomberg | Media Matters for America

Bloomberg

Tags ››› Bloomberg
  • Trump Claimed He Saved American Jobs At Ford, But The Company Is Reportedly Shedding Thousands

    Ford May Lay Off 10 Percent Of Global Workforce, Highlighting Problematic Media Promotion Of Trump’s Empty Jobs Boasts

    Blog ››› ››› CRAIG HARRINGTON

    Reports are circulating that American auto giant Ford Motor Co. plans to cut up to 10 percent of its global workforce in a bid to boost the company’s profits and its share price, with a focus on cutting nonunion salaried workers in North America and Asia. The news is potentially devastating for thousands of American workers and reveals another empty boast from President Donald Trump, who previously enjoyed a flood of positive press when he took personal credit for job creation at the company.

    On May 15, The Wall Street Journal reported that Ford CEO Mark Fields plans to shrink his company's global workforce by roughly 10 percent as part of a “drive to boost profits and the auto maker’s sliding stock price.” The Journal noted that such heavy job cuts at a company with 200,000 employees around the world, “half of which work in North America,” could “trigger a political backlash at the White House” for a president who “has repeatedly pointed to auto makers like Ford as examples of companies adding U.S. jobs.” The initial report was soon corroborated by Bloomberg, CNBC, CNNMoney, Reuters, and the Detroit Free Press, with some reporting that thousands of nonunion salaried employees in the U.S. might face layoffs. Many reports discussed the political fallout such a move could create for a Trump administration that has routinely claimed unfounded credit for spurring job growth at Ford and other companies in the U.S. On the May 16 edition of MSNBC Live, CNBC reporter Dominic Chu explained that the cuts would likely target administrative and managerial positions throughout the company as Ford tries to squeeze its workers:

    In the past, Trump has promoted reports of job creation at Ford and other companies by shoehorning himself into fawning press reports of business decisions he had little or nothing to do with. (See: Alibaba, Carrier, SoftBank.) Trump even falsely took credit for Ford canceling a planned factory expansion in Mexico, but the company later broke ground on a new Mexican factory expansion at a different location.

    After months of allowing themselves to be misled by Trump’s false tweets and rants, reporters finally appeared to have caught on; they largely downplayed Trump’s role in a March 28 investment agreement between Ford and the United Auto Workers union, which he heralded on Twitter. Unfortunately, much of the damage from the earlier glut of insipid coverage has been done. American companies are not making business decisions based on Trump’s rhetorical flourishes, but millions of news viewers still erroneously think of the president as a sort of “dealmaker-in-chief.”

  • Media Praise Trump For Ordering Missile Attack On Syrian Airbase

    ››› ››› JARED HOLT

    Media figures and pundits celebrated President Donald Trump’s “swift, decisive” order to destroy a Syrian airbase in retaliation for what is believed to be a chemical warfare attack against Syrian rebels that killed dozens of people, including children. Pundits praised Trump’s “readiness to act on instinct” and declared that Trump “made Americans proud.”

  • Did News Outlets Finally Learn Their Lesson About Trump’s Exaggerated Jobs Announcements?

    Blog ››› ››› CRAIG HARRINGTON

    Since his election, President Donald Trump has repeatedly claimed credit for private businesses’ decisions to invest in the United States. His flimsy and misleading boasts have been routinely amplified by compliant media outlets before the claims eventually collapse under scrutiny. Yet the response from mainstream journalists to the president’s latest jobs boast seems to indicate that perhaps some outlets have “caught on” to Trump’s exaggerated pronouncements and have stopped taking them at face value.

    On March 27, The Detroit News broke the news that the Ford Motor Co. has announced an investment of “$1.2 billion in three Michigan facilities” and that most of the investment was brokered in 2015 as part of the company’s contract with the United Auto Workers union. Roughly $350 million of that total investment represents new money, but Ford is expected to “add or retain” only 130 jobs -- a marginal amount compared to the 201,000 people the company employs worldwide.

    Trump moved early the next day to take credit, tweeting that Ford would announce an investment “in three Michigan plants” and that “car companies [are] coming back to the U.S.” before concluding, “JOBS! JOBS! JOBS!” Later in the day, White House press secretary Sean Spicer pointed to the Ford announcement as proof that “the president’s economic agenda is what American businesses have been waiting for.”

    In the past few months, Media Matters has chronicled dozens of occasions when outlets stumbled over themselves to credit Trump for creating new American jobs based on his misleading claims of playing a role in private sector business decisions that he had little to do with. (See: Alibaba, Carrier, Ford, SoftBank.)

    Trump’s tweet about Ford seemed poised to inspire more of the same media fawning, but journalists who covered the news largely downplayed Trump’s role rather than falling for his boast. The Washington Post, USA Today, Bloomberg, and Reuters all reported that the majority of the Ford investment plan far predated the Trump administration and was part of the company’s long-term restructuring plan for its American factories.

    New York Times columnist and MSNBC contributor Steven Rattner noted that “The big news ended up being only 130 jobs” and asked of the president, “When will he stop misleading [people]?” CNBC reporter Jacob Pramuk reported that the “White House on Tuesday promoted a Ford investment in American plants” even though “most of [the money] was part of a plan the automaker first announced in 2015.” Vox senior correspondent Matt Yglesias highlighted that CNBC article on Twitter and commented that reporters were “catching on” to Trump’s game. Washington Post reporter Michelle Ye Hee Lee pointed out that the Ford investment “had nothing to do [with] Trump’s election.” Meanwhile, New York Times correspondent Binyamin Appelbaum mocked Trump by writing that the president’s tweet contained “three more exclamation points … than the number of new jobs that Ford created today.” In his write-up of Trump’s announcement, CNNMoney senior writer Chris Isidore added that “Ford isn't bringing any work back to the United States from Mexico, or any other foreign country” -- a blow to Trump’s claim that automakers are “coming back to the U.S.”

    In contrast to the sober reporting from mainstream media, right-wing outlets that are aligned with Trump continued to promote his unsubstantiated role in creating jobs for American workers. The “alt-right” website Breitbart.com promoted the Ford story under the banner “TRUMP JOBS BOOM CONTINUES” while the sycophants at Fox News called the investment deal “another win for American workers” and Fox & Friends co-host Steve Doocy hyped the investment plan by stating, “Oh, it’s so much winning.” From the March 28 edition of Fox & Friends:

    As the White House has become embroiled in scandal and legislative failure, Trump has flooded the news cycle with lies far more outrageous than his attempt to take credit for jobs he didn’t create. Journalists, therefore, still need to be mindful of the administration’s attempts to build up the myth of Trump as a unique dealmaker and economic leader.

  • FBI Director Puts To Rest Two Weeks Of Fox Lies About Trump's False Wiretap Claim

    ››› ››› MEDIA MATTERS STAFF

    Since March 4, President Donald Trump and Fox News have been feeding each other evidence and defenses to back up Trump’s false claim that his predecessor, former President Barack Obama, ordered a “wiretap” at Trump Tower. Fox figures, including Andrew Napolitano, Tucker Carlson, Sean Hannity, and Bill O’Reilly, have been backing up Trump’s claim, and Trump and White House press secretary Sean Spicer have in turn recycled their comments in their attempts to substantiate the original claim. On March 20, FBI Director James Comey debunked Trump’s original tweet accusing Obama of wiretapping, unequivocally stating, “I have no information that supports those tweets. … The Department [of Justice] has no information that supports those tweets.”

  • Statement By Media Matters President Angelo Carusone On Trump Blacklisting Media Outlets

    Carusone: Outlets That Participate In Briefings While Outlets Are Banned "Lend Legitimacy To A Process That Is Fundamentally Inconsistent With A Free Press"

    Blog ››› ››› ANGELO CARUSONE

    Media Matters President Angelo Carusone issued the following statement after the Trump White House banned members of the media from attending a briefing:

    Media Matters sounded the alarm about the clear and present danger Donald Trump presented to a free press. We told White House correspondents that Trump’s blacklist was only going to get worse over time if they didn’t act. And it wasn’t just us. More than 300,000 people signed a petition urging White House correspondents to stand up to Trump’s blacklist by refusing to participate if Trump banned one -- or more -- of their colleagues.

    Today’s actions underscore the importance of White House correspondents standing up to Trump’s blacklist. It's no coincidence that the outlets that have been at the forefront in breaking stories about Trump’s conflicts of interest and his associates’ ties to Russia were banned from today’s gaggle. Trump is trying to delegitimize and punish news outlets for practicing rigorous journalism while simultaneously giving their spots to pro-Trump propagandists.

    Outlets like Time and The Associated Press did the right thing in standing up to Trump’s blacklist by refusing to participate in the gaggle in solidarity with their banned colleagues.

    It’s unfortunate and damaging for the profession of journalism that ABC, CBS, NBC, Fox News, and Bloomberg chose to support Trump’s blacklist by attending the briefing. It may sound harsh to characterize their participation in the event as support, but that’s what it is. By participating, these outlets not only make it easier for Trump to continue blacklisting journalists, but they also lend legitimacy to a process that is fundamentally inconsistent with a free press.

    Over 320,000 individuals have signed Media Matters' petition calling for the White House press corps to stand up to Trump's blacklist.

  • PolitiFact’s Month-Old Rating Of Baldwin Statement Relies Too Heavily On GOP Talking Points 

    ››› ››› CAT DUFFY

    PolitiFact Wisconsin rated Sen. Tammy Baldwin’s (D-WI) month-old claim that the GOP is “organizing to take people’s health care away” mostly false, claiming that while the Congressional Budget Office (CBO) found that “repeal of the Affordable Care Act (ACA) could result in millions of people losing their health insurance,” the office did not consider the impact of an expected GOP replacement plan. In reality, the GOP has yet to produce a consensus replacement plan, thus giving the CBO nothing to rate, and all existing plans that Republicans have put forward would strip coverage from millions. 

  • Bloomberg Announces The End Of Mark Halperin’s Daily TV Show

    Bonafide Trump Apologist Mark Halperin Defied His Own Journalistic Standards When Covering Trump

    Blog ››› ››› ANDREW LAWRENCE

    Mark Halperin and John Heilemann’s Bloomberg politics show, With All Due Respect, will end daily broadcasts on December 2. Halperin used his platform on Bloomberg, which was re-broadcast daily by MSNBC, to defend then-candidate Donald Trump.

    The Huffington Post reports that a staff memo announced the show’s cancellation on December 2, but the two will host a four-hour special previewing Trump’s Inauguration on January 20. Both co-hosts are reportedly in discussions to “play a role at Bloomberg” as contributors and columnists.

    Mark Halperin and John Heilemann’s afternoon politics show on Bloomberg TV, “With All Due Respect,” will end following coverage of Donald Trump’s inauguration, according to a staff memo.

    Halperin and Heilemann, who joined in May 2014 and served as co-managing editors of Bloomberg Politics, will continue to host the show daily until Dec. 2. Bloomberg will produce four hourlong specials previewing Trump’s presidency and then cover the event on Jan. 20.

    The two journalists will cease day-to-day roles with the company, but according to the memo are in discussions to “play a role at Bloomberg as contributors and columnists.”

    Halperin joined Bloomberg in May 2014 for reportedly $1 million and has come under intense scrutiny throughout the 2016 election cycle for his role as a bonafide Trump apologist. Halperin’s embarrassing shilling for Trump included his insistence that Trump’s racist attacks on the American judge of Mexican descent weren’t actually racist because “Mexico isn’t a race,” criticizing The New York Times for responding to Trump’s threat to take legal action against them, and brushing off Trump’s reluctance to accept the election results as a concern of “elites.” Halperin even praised the “impressive resume” of Trump adviser and white nationalist ally Stephen Bannon. Heilemann and Halperin also conducted an interview with Trump on a Zamboni where they asked him how much bacon he eats and whether or not he knows how to skate and during a campaign trip to Iowa, Halperin received helicopter ride from Trump:

    More recently, Halperin failed to live up to the standards he had set for other journalists by giving Trump a shameless softball interview in which he failed to ask him about his hidden tax returns – an issue that Halperin had previously said journalists were “obligated” to ask Trump about every chance they got. The interview, described as “truly laughable,” looked even worse in hindsight when several days later Halperin challenged the press “to do a lot of soul-searching about its failure to pursue a lot of these Trump stories.”

    In 2006, Halperin claimed that the best economic model to ensure a TV show’s survival is to follow the Fox News model and “make sure conservatives find your product appealing.” That model seems to be working for Halperin who despite losing his show, has received movie deals, book deals, and continues to be one of the most visible political commentators in America.

  • Journalists Blast The FBI For Meddling In 2016 Election

    ››› ››› ZACHARY PLEAT

    Media outlets and journalists sharply criticized the Federal Bureau of Investigation (FBI) for interfering in the presidential election after Director James Comey violated precedent and policy by sending a letter to Congress saying the agency is reviewing newly discovered emails surrounding Democratic presidential nominee Hillary Clinton’s use of a private server as secretary of state. That announcement was followed by a series of additional leaks from the FBI.

  • Media Figures Praise Trump’s Health Care “Policy” Speech, Ignoring His Total Lack Of Specifics Or Viable Policy Proposals

    ››› ››› CAT DUFFY

    Media figures praised Republican presidential nominee Donald Trump for his speech in Valley Forge, Pennsylvania that briefly touched on health care, calling it a “very, very good speech” focused on the substance of his proposals for repealing and replacing the Affordable Care Act. In reality, Trump’s speech was full of recycled, unworkable Republican proposals that would increase the deficit and leave an estimated 24 million people without health insurance coverage. 

  • Mark Halperin’s Donald Trump Interview Even Fails The Mark Halperin Test

    Blog ››› ››› MATT GERTZ

    Mark Halperin’s widely panned interview with Republican presidential nominee Donald Trump was obsequious and didn’t yield any news, as many critics have pointed out. But it also failed Halperin’s own requirement that journalists who interview Trump ask him about his unprecedented refusal to release his tax returns in order to pressure him to follow presidential election norms.

    Halperin, the host of Bloomberg News’ With All Due Respect (which also airs on MSNBC) and Showtime’s The Circus, interviewed Trump following the candidate’s October 26 publicity event for his new hotel in Washington, D.C. After portions of the interview aired on his Bloomberg show, critics called Halperin’s questions “truly laughable,” compared him unfavorably to Sean Hannity, and suggested he was seeking a job on Trump TV.

    The full interview, later published on the YouTube channel for The Circus, does nothing to bolster that initial assessment. Halperin had a rare opportunity, for a mainstream journalist, to ask tough questions of the GOP nominee. Instead, questions included:

    • “But how does a building connect to your presidential aspirations and your qualities?”

    • “You’d be surprised to hear that Hillary Clinton’s already criticized the hotel?”

    • “But people who say this was a great Trump speech, as far as you’re concerned, they’re all great or?”

    • “You’ve redefined how candidates talk about polls. Some polls now you’re winning, some you’re behind. We’ve got a new poll where you’re up in Florida. What’s your general sense of where you are in the battleground states?”

     

     

    Halperin’s questions not only fail as journalism, but they also fail the standard that Halperin himself has laid down for Trump interviews.

    In May, Halperin declared that journalists are “obligated” to keep pushing Trump until he releases his “full [tax] returns” just like every nominee has done for decades. He specifically stated that “we have to all keep asking, as many of us have asked. I've asked him several times about it -- he gives roughly the same answer. He's going to have to put out the returns, I’m almost certain, and we should demand full returns, not just the summary.” His co-host John Heilemann has also suggested that journalists “try every time we sit in front of him make it clear to him that it's not OK that he violate what has become a norm in American elections over the past 30 or 40 years.”

    The New York Times on October 1 produced three pages from Trump’s 1995 tax returns, which showed that he had declared a $916 million loss that “could have allowed him to legally avoid paying any federal income taxes for up to 18 years.” Yet Trump has continued to offer a series of excuses for why he won’t release any tax returns.

    Halperin had the opportunity to follow his own standard and press Trump on his refusal to follow a decades-old requirement for presidential nominees. Instead, he asked the candidate if he agreed with the “people” who supposedly said that “this was a great Trump speech.”

  • Mark Halperin’s “Truly Laughable” Interview With Donald Trump

    Halperin’s Interview Fails The Standards He And His Co-Host Set For Other Journalists

    Blog ››› ››› ANDREW LAWRENCE

    Bloomberg’s With All Due Respect host Mark Halperin previewed an interview with Donald Trump scheduled to air Sunday on Showtime’s The Circus. The interview has been roundly criticized in the media for Halperin’s soft questioning of Trump.

    Halperin appeared with Trump following a publicity event for his new hotel in Washington, D.C. and asked Trump questions like “For people who say this was a great Trump speech, as far as you’re concerned, do you think they’re all great,” and “What’s your general sense of where you are in the battleground states?”

    The preview ignored recent controversies surrounding Trump’s candidacy, including Trump adviser Newt Gingrich’s sexually charged attack on Fox News’ Megyn Kelly which Trump praised as “amazing” during the same speech that Halperin categorized in his interview as “great.”

    The Daily Beast described Halperin’s interview as “truly laughable” while highlighting some of the more ridiculous questions:

    How do you get Donald Trump to talk to you with less than two weeks to go before Election Day? Tell him exactly what he wants to hear. That’s been the approach by Fox News’ Sean Hannity and radio host Rush Limbaugh.

    And now we can add Mark Halperin to that list.

    The co-host of Bloomberg Politics’ With All Due Respect (which also airs on MSNBC) and Showtime’s The Circus approached Trump after he delivered a ribbon-cutting speech to open his new Washington, D.C. hotel on Wednesday and asked some truly laughable questions of the Republican nominee.

    For instance, “People who say this was a great Trump speech, as far as you’re concerned, do you think they’re all great?” Yes, he does, but this one wasn’t enough in the “Make America Great Again” spirit to rile up his rally crowds.

    Then there was this one: “You’ve redefined how candidates talk about polls. Some polls you’re winning, some you’re behind. We have a new poll where you are up in Florida. What’s your general sense of where you are in the battleground states?”

    Halperin’s interview even fell below his own journalistic standard given the pressure that he and his co-host John Heilemann have placed on journalists to question Trump about his failure to release his tax returns. Previously, Halperin called it “one hundred percent” the media’s obligation to continue asking Trump about his tax returns while challenging the media “to all keep asking” Trump about it. Heilemann even called on the media to question Trump about his returns “every time we sit in front of him,” and declaring it the responsibility of anyone who interviews Trump to “make it clear to him that it’s not okay that he violate what has become a norm in American elections.”

    Halperin has come under intense criticism during this election season for acting as a bonafide Trump apologist, including brushing off Trump’s reluctance to accept the election results as a concern of “elites,” criticizing The New York Times for responding to Trump’s threat to take legal action against them, portraying Trump’s request of Russia to hack Hillary Clinton’s emails as bad behavior by Clinton and Trump, and defending Trump’s racist attacks against American judge of Mexican descent, Judge Gonzalo Curiel, by declaring “Mexico isn’t a race.”

  • Three Ways Fox Is Attempting To Delegitimize Clinton’s Lead In The Polls

    ››› ››› JULIE ALDERMAN

    Fox News has attempted to delegitimize Democratic presidential nominee Hillary Clinton’s lead in the polls for months, claiming that the polls are skewed due to oversampling, that the size of rallies Republican presidential nominee Donald Trump holds is more indicative of his support than polls, and that there are “secret” Trump supporters who are too embarrassed to tell pollsters whom they support. However, other media outlets have explained that concerns about oversampling are “laughably incorrect,” and that claims that crowds are more accurate than polling are some of “the most idiotic claims out there.”