Trump Suggests Investors Sue ABC Over ‘False and Dishonest’ Report

Trump Suggests Investors Sue ABC Over ‘False and Dishonest’ Report
President Donald Trump departs the White House for St. Louis on Nov. 29, 2017. (Samira Bouaou/The Epoch Times)
Jack Phillips

President Donald Trump suggested that investors who “lost money” when the Dow Jones went down 350 points due to an ABC News report that was later corrected should sue the network.

“People who lost money when the Stock Market went down 350 points based on the False and Dishonest reporting of Brian Ross of @ABC News (he has been suspended), should consider hiring a lawyer and suing ABC for the damages this bad reporting has caused - many millions of dollars!”, Trump tweeted.

Ross, 69, was suspended Saturday by the network for four weeks over his erroneous report on Michael Flynn, the former national security adviser. He said that Trump had directed Flynn to make contact with the Russian government when he was a candidate.

“We deeply regret and apologize for the serious error we made yesterday,” the network said in a statement. “The reporting conveyed by Brian Ross during the special report had not been fully vetted through our editorial standards process. As a result of our continued reporting over the next several hours, ultimately we determined the information was wrong and we corrected the mistake on air and online.”

“It is vital we get the story right and retain the trust we have built with our audience — these are our core principles. We fell far short of that yesterday. Effective immediately, Brian Ross will be suspended for four weeks without pay.”

Trump quickly responded to ABC’s announcement.

“Congratulations to @ABC News for suspending Brian Ross for his horrendously inaccurate and dishonest report on the Russia, Russia, Russia Witch Hunt. More Networks and ‘papers’ should do the same with their Fake News!” he tweeted on Saturday.

Ross had been accused of politicizing news stories in the past. In 2012, ABC apologized when he reported on the Aurora, Colorado, theater shooting, saying that suspect James Holmes was connected to the Tea Party. It turned out to be a different “Jim Holmes.”

On Friday, when the report broke, the stock market dropped 350 points at one point, but it closed down 40 points by the day’s end.

For his part, Flynn pleaded guilty to lying to the FBI on Friday.

And while you’re here …

 We have a small favor to ask of you.  If you can, please share this article on Facebook so you can help The Epoch Times. It takes less than a minute. Thank you very much!

Jack Phillips is a breaking news reporter with 15 years experience who started as a local New York City reporter. Having joined The Epoch Times' news team in 2009, Jack was born and raised near Modesto in California's Central Valley. Follow him on X: