Picks and Pans Review: Financial News Network
updated 08/12/1985 AT 01:00 AM EDT
•originally published 08/12/1985 AT 01:00 AM EDT
During the day, FNN is a cable network devoted exclusively to money. Across the bottom of the screen run stock tickers. Figures also leap atop the screen: platinum and pork-belly futures, Dow averages, numbers, numbers, numbers. But FNN has people too. They talk about all those numbers. But they don't necessarily say much. "Are we in a recession?" one of the pleasant, low-key anchors asks a guest. "We're not in a recession, but we're in the slows right now" is the answer. That's about as meaningful as what you hear in an est seminar. One recent guest was more candid. Asked why gold had gone up, she said, "Probably because somebody in the trading pits sneezed." But FNN does give you a comprehensive, live look at loot, at the stock and commodities markets and at individual companies. It also gives advice. Consultants took one man's $630,000 and said how they would—or should or could, maybe—turn that into $1.5 million in four years. If you invest heavily and want to know what's happening to your money on Wall Street, then FNN will tell you more than anyone else.