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Started by Ebadlun on Apr 24, 2022 12:04:00 AM
Why does the news always tell us the closing value of stock markets and currencies?

What are we supposed to do with this information? Anyone who needs to know will already know, it's just random numbers to the rest of us.

Tinymcsmithy - 24 Apr 2022 00:15:28 (#1 of 37)

I quite like Collaterlie Sisters’s’s’s business reports.

Ebadlun - 24 Apr 2022 00:26:49 (#2 of 37)

Only because you landed in somebody's stomach.

widenation - 24 Apr 2022 00:35:38 (#3 of 37)

It's for twats on business trips watching TV in their hotel rooms.

mingmong - 24 Apr 2022 00:36:49 (#4 of 37)

In answer to the question (face value) its presumably a legacy of the pre-Internet news infrastructure

Radio and TV, offering to provide for those who couldnt be arsed to buy/read newspapers, puts headlines on the hr for the gen public, buries sports results in the middle of the programme, and sticks the financial just before the hour for those respective sections of the market

Ebadlun - 24 Apr 2022 00:39:06 (#5 of 37)

But even in those days, anyone working in finance would know what they needed from their job, and no-one else would give a fuck.

Shadrack22 - 24 Apr 2022 00:39:35 (#6 of 37)

What are we supposed to do with this information?

Gain an understanding of the underlying strength (or weakness) of the UK economy.

Ebadlun - 24 Apr 2022 00:41:07 (#7 of 37)

Apart from times when either the stock market or the currency markets go a bit crazy and actually become news, we don't need day-to-day updates on their movements.

Delighted_User - 24 Apr 2022 00:55:35 (#8 of 37)

it's just random numbers to the rest of us

Are you familiar with the Shipping Forecast? It's morning and evening prayer.

Tinymcsmithy - 24 Apr 2022 01:43:58 (#9 of 37)

Stock prices are an indicator of the strength of an economy?

Ebadlun - 24 Apr 2022 01:53:35 (#10 of 37)

Day-to-day reports on average rents would be more interesting.

champagnerocker - 24 Apr 2022 02:36:41 (#11 of 37)

It would be far more relevent to the average viewer (although they probably wouldn't need hear about it on the news in order to know about it), but it still wouldn't be interesting.

When I read history books I am well aware that my ancestors would have cared very much about the relative fluctuations in the prices of bread compared to stagnant wages and how the purchasing power of the pound in their pocket declined in the late 16th century... Jeez it ain't half tedious though, especially when I could be reading about Drake sailing round the world killing Spaniards and pinching their treasure.

darkhorse - 24 Apr 2022 07:26:34 (#12 of 37)

Day-to-day reports on average rents would be more interesting

Well, indeed. They also did the stock market index on Newsnight routinely, yet Paxo felt it beneath him to read a short weather report. Knowing about the FTSE 100 is clearly a status thing.

rearranged - 24 Apr 2022 07:50:34 (#13 of 37)

Couldn't you say the same about many tems on the news?

I have no interest in football. A football fan has thousands of ways of getting the results.

Dementor - 24 Apr 2022 08:04:25 (#14 of 37)

I haven’t noticed them giving the FTSE recently, it seemed to die out after the 2008 global financial crisis.

RosyLovelady - 24 Apr 2022 08:45:58 (#15 of 37)

< What are we supposed to do with this information? >

Accept daily confirmation that the great Market, rather than being a force for the general good, is systemically neurotic. I hope neurotic isn't a bannable word these days. If it is, I'll settle for flaky instead.

browserbutton - 24 Apr 2022 08:52:30 (#16 of 37)

Those boring shipping forecasts can get in the sea.

RosyLovelady - 24 Apr 2022 08:55:46 (#17 of 37)

Hear hear. Happily for me, my current domestic arrangements are such that the radio is never on at those times nowadays. Do they still play that idiotic dirge Sailing By?

Tenesmus - 24 Apr 2022 11:14:40 (#18 of 37)

Do they still encourage gambling on the horses on the Radio 4 news? And why not gambling on other activities?

RosyLovelady - 24 Apr 2022 12:18:21 (#19 of 37)

Yes, Here's-Garry-with-the-Sport always has exciting horse tips for Radio 4 listeners.

meepmeep - 25 Apr 2022 01:26:25 (#20 of 37)

It tells you how much your pension went up or down today.

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