Stock Market
Bartiromo Predicts Bush Tax Cuts Extended, Worries U.S. Not on the 'As
November 3rd, 2009 9:15 AM
There's a lot of uncertainty with the U.S. economy and a lot of its recovery hinges on some key policy decisions due from the federal government. On CNBC's Nov. 2 "The Kudlow Report," CNBC host Maria Bartiromo discussed her interview with former Chairman of the Federal Reserve and Obama adviser Paul Volcker from the Global Financial Leadership Conference in Naples, Fla. One of the topics…
Kudlow, Santelli: Dollar Devaluation Creating 'Façade' Bush/Obama Int
October 31st, 2009 6:01 PM
Now that the Obama administration is attempting to take a victory lap on the U.S. economic recovery, claiming the $787-billion stimulus passed earlier this year was what did the trick, despite a cost of $160,000 per 'stimulus' job, as ABC's Jake Tapper pointed out, it has come at the cost of the U.S. dollar. Since then, the stock market has rebounded nicely. The Dow Jones Industrial Average (…
Cramer to Wall Street Execs to Be Hit by Obama’s Draconian Pay Restr
October 21st, 2009 7:14 PM
Worried about a potential slippery slope with the Obama administration dictating what people are paid in the private sector - TARP bailout or no TARP bailout? Message from CNBC's Jim Cramer: Get over it. On CNBC's Oct. 21 "Street Signs," the "Mad Money" host ripped into Wall Street executives that objected to the government dictating the rules of compensation. Opponents argue these pay…
CNBC’s Caruso-Cabrera Presses California AG on Publicity Stunt/Lawsu
October 21st, 2009 5:06 PM
Want to make a big splash to bolster your chances in a political campaign? A tried and true strategy for some attorneys general has been to champion a populist position by exploiting the legal system for publicity. Just look at the lead up to the launch of former New York AG Eliot Spitzer gubernatorial campaign with his attacks on Wall Street. And that appears to be the playbook California…
Broadcast Nets Celebrate Dow 10,000 with Calls to Restrict Wall Street
October 15th, 2009 12:26 PM
You might think that the three major networks would look favorably upon the Dow Jones Industrial Average (DJIA) breaking through the symbolic 10,000 mark. After all, it they could use it as an opportunity to spin the news as a victory for Barack Obama and his economic policies. But that wasn't the case. Instead ABC, CBS and NBC used the occasion to point out that the rich on Wall Street are…
Cavuto: Since Obama Blames Bush for Economy, Does Bush Get Credit for
October 14th, 2009 5:10 PM
How many times have we heard President Barack Obama or high-ranking members of his administration lament the fact that the president "inherited" a recession? Quite a few, if anyone is keeping track. Now the Dow Jones Industrial Average (DJIA) has broken through the 10,000-point barrier. But that begs the question given the inevitable credit Obama will get from the media and other supporters for…
Daily Beast's Blumenthal Catches Ratigan Flu, Shouts Down Scarborough
October 7th, 2009 5:57 PM
It isn't often that one can see two decades of history re-written in under ten minutes. But such was the occasion on this morning's episode of Morning Joe. Max Blumenthal, author of "Republican Gomorrah: Inside the Movement that Shattered the Party," spent his time on the show demonstrating the combined power of cognitive dissonance, wanton ignorance, and a willingness to re-write historical…
Michael Moore: Foreclosed Homeowners Like Rape Victims
October 7th, 2009 10:20 AM
No, that's not a made-up headline. The foreclosed and/or evicted homeowners that have played such a role in the current economic meltdown - are they irresponsible borrowers that lived beyond their means or are victims that got swindled? Michael Moore is clear on where he thinks they fall. Moore matched up with Fox News and conservative talk radio host Sean Hannity on Hannity's Oct. 6 program…
CNBC's Cramer: Blame Congress for Obama's Diminishing Popularity
September 30th, 2009 7:47 PM
Karl Rove, David Axelrod - look out. CNBC "Mad Money" host Jim Cramer has the political climate figured out. Since inauguration, President Barack Obama has seen his approval ratings fall by almost every poll and that's historically a normal reaction as the newness wears off a new president. During his Sept. 30 "Stop Trading" segment on CNBC's "Street Signs," Cramer pointed out that although…
Kooky Ignorance: Michael Moore Claims Wall Street Wants Intentionally
September 24th, 2009 9:31 AM
If any policy maker watches Michael Moore's new movie, "Capitalism: A Love Story" and is influenced by it - be afraid, be very afraid. Moore appeared on CNN's Sept. 23 "Larry King Live" to promote his movie, but he shared with host Larry King his thoughts on why the stock market has rallied off its lows, despite a rising unemployment. His reasoning - Wall Street likes joblessness, because it's…
Media Embrace Millionaire Moore's Vendetta Against Capitalism, Leave O
September 23rd, 2009 5:22 PM
Millionaire Michael Moore says capitalism is evil and that the entire system should be thrown out for one that is "democratic" and "fair." That's the overarching message of Moore's new documentary, "Capitalism: A Love Story," which will be widely released Oct. 2. The film won two prizes at the Venice Film Festival and was lauded by critics there and at the Toronto Film Festival. Now Moore is…
ABC Raves Over Michael Moore’s ‘Deeply Christian’ New Movie; Lau
September 23rd, 2009 12:35 PM
In less than 24 hours, ABC devoted 13 minutes to rhapsodizing over liberal Michael Moore’s new, "deeply Christian" film, Capitalism: A Love Story. Featuring the director first on Tuesday’s Nightline, co-anchor Terry Moran took his socialistic agenda seriously and opened the show by teasing, "Is capitalism evil?" (In 2007, the network contributed 21 minutes to Sicko, totaling 34 minutes of…
USB's Cashin: Market Conditions 'Reminiscent' of Lead Up to 1987 Crash
September 11th, 2009 4:43 PM
The Dow Jones Industrial Average (DJIA) has climbed nearly 45 percent since hitting a March 9 low. The S&P 500 (S&P) is up nearly 53 percent. And the NASDAQ (NASDAQ) has soared a whopping 61 percent since the March bottom. But that rally has some analysts shaking their heads. Art Cashin, a CNBC regular who also makes frequent appearances on CBS and NBC news programs to offer insight on…
CNBC’s Cramer: Spiraling National Debt to Cause Bear Market in 18 Mo
September 9th, 2009 10:58 AM
Since hitting their lows back in March, financial markets have rallied in the wake of last year's financial crisis. The Dow Jones Industrial Average (DJIA) is up 43 percent since March 9. But can it last? It could be all given up with this rate of government spending according to CNBC "Mad Money" host Jim Cramer. Cramer, responding to a viewer e-mail on his Sept.8 program, explained what a…