CNN and The Weather Channel ran into hot water when both the networks falsely reported that the New York Stock Exchange (NYSE) was flooded with water.
It was reported by CNN meteorologist Chad Myers and The Weather Channel's Bryan Norcross that there was up to three feet of water flooding the NYSE building, which was closed off due to Hurricane Sandy. According to a tweet made by The Weather Channel:
New reports from The Weather Channel News Desk show that the NY Stock Exchange does not have 3 ft. of water on trading floor. #Sandy— The Weather Channel (@weatherchannel) October 30, 2012
Other staff members of CNN quick reacted saying that it was a ‘record-breaking moment’. However, the so-called record-breaking moment turned out to be false when Politico’s Ben White tweeted that a Stock Exchange official has categorically denied any news of flooding.
NYSE official tells me reports of water on the floor of the Exchange are FALSE.— Ben White (@morningmoneyben) October 30, 2012
A spokesperson of NYSE later told ABC that the reported telecasted by CNN was "egregiously false". As a result, both networks were forced to declare the story as false when Chad Myers tweeted:
Earlier reports from the National Weather Service of 3 feet of water on the floor of the NYSE were false.— chad myers (@chadmyerscnn) October 30, 2012