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A Few Hours In the Life of a Financial TV Anchor During a Market Meltdown
A Few Hours In the Life of a Financial TV Anchor During a Market Meltdown-April 2024
Apr 24, 2025 12:36 PM

Rushing to set today at 2:25 p.m. ET, Fox Business Network anchor Liz Claman (3-4 p.m.s The Claman Countdown) saw a headline on Reuters: Euro Extends Losses as EU Announces Retaliatory Tariffs on the U.S.

I immediately said, Thats our lead,' she told The Hollywood Reporter at 4:30 p.m. There was just one problem Thomson Reuters was not quite right. What the EU actually said was that theyre thinking about it; Claman and her producers uncovered the error at exactly 2:59 p.m. The joys of live television!

Well, sometimes it is a joy. We are happiest when we tear up the show five minutes before the top of the hour. However, weve been tearing up the show in middle of the broadcast, Claman said. Oh, my God. Weve been moving things around like a chess board on steroids.

These are tough times. Like, literally today just ask CNBC.

The NBCUniversal-owned cable news channel (soon to be spun off into SpinCo) was among the outlets that erroneously framed comments from National Economic Council chief Kevin Hassett on Fox News. Hassett was asked on Fox Friends if President Trump was in favor of a 90-day delay on his tariff proposal, and dodged the question.

Some users on X, however, framed his response as an affirmative to the question, sending the market spiking upward, and leading to the erroneous information that was shared by CNBC and Reuters, among other places.

As we were chasing the news of the market moves in real-time, we aired unconfirmed information in a banner, a CNBC spokesperson told THR. Our reporters quickly made a correction on air.

THR requested an interview with a CNBC anchor or executive for this story, but did not receive a response to our inquiries.

Mistakes happen. But when mistakes happen in Clamans line of work, they can have very serious consequences.

Were in an era, honestly, where everybodys cutting and pasting off, not just illegitimate sources but legitimate sources. If I get something wrong (on air), its not [the sources] fault its my fault, Claman said. People trade on what they see on my show Im not going to take that lightly. Its peoples money.

I am, with my team, just virulently opposed to running with something until we double confirm it full stop, Claman said. We all make mistakes, but you cannot run something thats going to gyrate the markets unless you are triple-sure of it.

Fox Business Network and CNBC are just trying their best to keep up with the fallout from the relentless news cycle regularly populating their sister cable networks Fox News Channel and MSNBC, respectively.

The past five trading days have been insane, Claman said. Weve been moving guests, canceling guests, adding guests in the middle of the night, Im waking up and texting my producer, my executive producer and my booker. We have a three-way chat, and all three of us are up at every hour of the night, and were like, What about him? What about this guy? Lets get this CEO. Hold off. Cancel him. This ones more important when it comes to whats happening right now.'

Its a moving target, she said.

As far as the Trump administration, Claman and her producers havent really reached out they havent had to.

Theyre coming to us, Claman said. They want a cohesive message out there. Its just not always working out that way.

A lot of this doesnt seem to be working out.

Alex Weprin contributed to this report.

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