No. It was down 0.8 points, some 0.0136%, which is what market experts call “flat”. Stephanie Flanders, Newsnight’s economics editor, said after the last time this happened that it was “unforgivable and embarrassing”. Clearly it was forgivable because it was announced yesterday that she has been promoted and will now be the BBC’s chief economics editor. Jeff Randall is on Sky…
Hat-tip : Musing Markets
Does the duplication of efforts produce anything of value? Well it gives us clear evidence that the BBC has no budgetary discipline, massive over-staffing and a lot of West Wing fans in News & Current Affairs.
The BBC is hardly likely to get a scoop unless it can track down Steve Morgan, Peter Hain’s fundraiser who is in hiding, hopefully doing for Hilary what he did for Hain…
UPDATE : Comment makers point out that Simon Mayo is a long way from the Radio 1 Roadshow, he is reporting the primaries for 5 Live. Radio 4’s Jim Naughtie is there as well. Kevin Connolly is padding out 5 Live’s coverage as is somebody called Rhod Sharpe. Jonathan Marcus and James Coomarasamy are covering for the World Service.
Any more Beeboids across the Atlantic?
Guido is on his second bottle, one of the better Margaux – well it has been a good day. Always liked that Grossman chap…
On Thursday, BBC Newsnight reported that the “Dow Jones was substantially down amidst more credit crunch fears”. That inaccurate insight and analysis was based on what? Based on bollocks.
It was made up. There were no credit crunch fears spooking the markets. The market was closed for the Thanksgiving day holiday. The economics editor Stephanie Flanders has ‘fessed up that it was “unforgivable and embarrassing”. Peter Barron contritely said on the Newsnight blog on Friday afternoon that it won’t happen again because they will check the U.S. market is trading. So Emily Maitlis was much more careful with Friday night’s market report:
“…the FTSE 100 share index closed up, sadly we can’t show the exact figures, um, holiday season as you know in the US, so the Dow Jones remains unchanged. Against the Euro, the currencies here, the pound up, against the dollar the pound was down. You’ll just have to take my word for it. We’ll get you some figures by Monday.”
The market was actually open and up 181 points closing at 12,981 (according to Sky News). So did they actually check the market was trading? Doh! Can they get it right tonight or will it be three days in a row?
Hat-tip : Biased BBC
When Chris Huhne launched his Lib Dem leadership bid, our cameraman took the trouble to count the number of BBC people present.
There were TWELVE of them. Sky and ITN had three each.
To be fair Dave faced a slippery nipple obssessed Paxman in 2005. It takes a bit of political courage to face Paxman. When did Gordon ever face Paxman?
Benn is now favourite, followed by Johnson. Punters make the rest also rans. Guido has a little money on Harman with an outside chance…
I am writing to you to check your availability the weekend of August 24-26th.
It would be fantastic if you might be available at some point that weekend (most likely the Sunday) to take part in this year’s MediaGuardian Edinburgh International TV Festival. We were hoping you will be free in principle for a high-profile session we intend to put on titled “The Power of Gossip.” This session which will involve panellists including the author of the websites/mailouts “holymoly” and Adam Bullmore of October Films – will entail discussing the power of blogs and the internet and will question whether TV will ever be able to produce gossip as successfully.
It would not be a problem to arrange your participation behind a screen of sorts if you wish to protect your identity.
Looking forward to hearing from you soon.
With best wishes
Lucy Crystal | Interview Producer | BBC Newsnight
Guido is not falling for that one again…
Interviewing Prezza for the Guardian on the 10.05 out of King’s Cross yesterday I was startled, not for the first time, by his resillient energy. It was his 68th birthday, which makes him eight years older than me and a good deal more energetic. Why hasn’t he got any white hair, I found myself wondering? What’s his secret? Pauline’s cooking? Grecian 2000? Tracey? Croquet? A zeal for the public good?
Incidentally – want to clarify something immediately re Nick Robinson – that last line about Nick being the source, did not mean he was the source for the original much contested Guido “email” second system story. Nick has never been a source. We had a discussion re the Ruth Turner document after doing his interview. That was what the reference was to, pretty sure that came over all wrong, and genuinely apologise for any embarrassment caused to Nick. Good night.
Peter,Could you give me an on the record quote concerning the relative priority given to these stories on Friday.
The lead story focused on an embarrassing email sent between two non-entity local Tory councillors. In other news, after nine minutes on this story, the next story was that PM’s aide was arrested on suspicion of perverting the course of justice in the loans for lordships investigation. This story was given three minutes.
Why were the stories prioritised in that order?
Do you think the un-pc email story was more important?
The reply came back this morning:
Guido,On Newsnight we don’t necessarily stick to linear running orders which reflect the relative significance of stories in the same way that news bulletins tend to. The loans for peerages story was of course more significant, but there were other factors at play. We had committed Michael Crick to following David Cameron’s efforts to relaunch his campaign in the North. While covering that he came across the “cripple” email story, which was an exclusive and highly pertinent to the Conservatives’ attempts to portray themselves as a compassionate party of government. It followed and mirrored the biggest controversy and talking point of the week which concerned the use of un-PC language in Big Brother. The loans story had been reported in some detail on the 10 O’clock News and on Newsnight we considered that our version could not be substantially different given the information we had at that point. We therefore decided to lead off on our own original story and to run the loans story prominently in second place. You could actually argue that in terms of global significance it was our third story – about China and star wars – which was the most important of the three.