"To watch the news" means to actively observe or listen to reports, updates, or information about current events that are happening locally, nationally, or globally. Full definition
Note — when watching the news on this subject always remember to do your due diligence and consult with your professional mortgage broker. (mybcmortgage.ca)
I've been watching news of the situation travel over the Internet. (slaw.ca)
Do you really think we haven't watched the news for three years and haven't noticed there's less money around than there used to be? (labour-uncut.co.uk)