Stock Market
Santelli vs. Huffington -- CNBC Reporter Takes on Liberal Blog Editor
March 31st, 2009 2:00 PM
Both have loyal following, but their fans are on opposite sides of the political spectrum. CNBC's Rick Santelli rose to prominence earlier this year when he railed against President Barack Obama's policies on live TV from the floor of the Chicago Mercantile Exchange. He's a hit with conservatives staging tea parties to protest the bailout culture in Washington throughout the country. Arianna…
CNBC’s Melissa Lee in as 'Fast Money' Host; Former Host Ratigan Admi
March 31st, 2009 12:59 AM
One of the subplots in the soap opera known as CNBC took another turn on Monday as some of the pieces fell in place of who's doing what and why. Last Friday, CNBC and former "Fast Money" host Dylan Ratigan parted ways officially. However, on CNBC's March 30 "Fast Money," show panelist Guy Adami, the managing director of Drakon Capital, announced Melissa Lee, a fill-in host over the past year for…
Fox News Host Beck Slams Connecticut AG: 'You are an Insult to George
March 30th, 2009 8:35 PM
Fox News Channel host Glenn Beck has already shown he's a rating success and is leaving a mark in cable news. However, he may have pulled one of his most successful performances yet. Beck interviewed Connecticut Attorney General Richard Blumenthal on his March 30 broadcast. But, the radio and TV host took the opportunity to tell Blumenthal what he thought of his investigation into the bonuses…
Wall Street Bets Obama Will Fire Bank CEOs Next Says CNBC Reporter
March 30th, 2009 6:06 PM
After General Motors (NYSE:GM) Chairman and CEO Rick Wagoner was forced out by President Barack Obama, Wall Street is betting bank CEO firings will be the next shoe to drop. CNBC's New York Stock Exchange floor reporter Bob Pisani told viewers of CNBC's March 30 "Street Signs" the market's actions, with the Dow Jones Industrial Average (DJIA) dropping as much as 300 points, are reflect, in part…
CNBC's Deutsch Doesn’t Want 'Idiots' on Wall Street Making $10 Milli
March 26th, 2009 3:28 PM
Want a little populist outrage? There's nothing like hearing it from a multi-millionaire advertising mogul with a spot on CNBC. Donny Deutsch, the host of "The Big Idea," a show the network has shelved, explained to viewers on the March 25 broadcast of "CNBC Reports" he wants measures put in place to keep prevent people he regards as "idiots" from making $10 million a year. "The issue is even…
'I'm Having A Good Crisis': Will Soros Be Attacked For HIS Profits
March 26th, 2009 10:56 AM
For over six months, bankers, traders, financial institution employees, and anybody in any way associated with Wall Street have been eviscerated by the media as greedy, lying crooks.Considering this, and how shortly after his inauguration, President Barack Obama said this isn't the time for people to be worried about profits, one has to wonder what kind of reaction the left and their media…
Liberal Economist Krugman Explains Populist Backlash Will Cause Geithn
March 25th, 2009 10:41 AM
Talk about unintended consequences. All this populist anger ginned up by congressional Democrats, the media and the Obama administration is going to hinder the Treasury Department's strategy to rescue the banking system. Paul Krugman, the liberal New York Times columnist and winner of the 2008 Nobel Prize in economics explained to Bloomberg News on March 24 that this is just what is happening…
Liberal Blog Co-Founder/Editor Arianna Huffington to Guest Host CNBC M
March 25th, 2009 12:24 AM
Perhaps this post could be headlined "CNBC Continues to Atone for Its Outspoken Obama Criticism." As if announcing Democratic National Committee chairman and former Vermont Gov. Howard Dean as a "CNBC contributor" weren't enough, CNBC has invited the editor in chief of one of the its biggest critics to guest co-host one of CNBC's most popular shows. Originally reported in a status update from…
Cramer Flip-Flops on Obama's Anti-Wall Street Rhetoric: 'The President
March 24th, 2009 2:17 PM
Could this be another case of a chastened CNBC succumbing to criticism from the left to improve its image? Just a day after CNBC named former Democratic National Committee chairman Howard Dean a CNBC contributor, an uncharacteristically soft-spoken CNBC "Mad Money" host Jim Cramer, appeared on NBC's March 24 "Today" along with CNBC "Squawk on the Street" co-host and "Street Signs" host Erin…
CBS’s Smith: Stock Rally ‘Vindication’ for Obama Administration
March 24th, 2009 12:48 PM
On Tuesday’s CBS Early Show co-host Harry Smith talked to White House Press Secretary Robert Gibbs about Monday’s stock market rally and wondered: "What was the reaction at the White House yesterday when the stock market closed?...There's been a lot of heat, though, aimed at the White House, aimed at the Treasury Secretary. Was there some degree of vindication?" Gibbs claimed that the…
What CNBC's Jim Cramer Should Have Told Jon Stewart
March 22nd, 2009 7:14 PM
When Jon Stewart eviscerated Jim Cramer for not doing a better job of warning Americans about the looming financial crisis, the "Mad Money" host should have brought videos and transcripts of some of his highly-publicized rants in order to thoroughly disprove the comedian's premise.In fact, as former investigative reporter turned actor and producer Dan Gifford revealed at Big Hollywood Sunday,…
CNBC Host Accuses Dem Congressman of ‘Witch Huntery’ on AIG Retroa
March 20th, 2009 7:09 PM
For the second day in a row, CNBC "Squawk on the Street" co-host Mark Haines took on a Democratic congressman over the issue that American International Group (AIG) paid out too much in bonuses for a company that received federal bailout money. On March 19, Haines took on alleged tax cheat Charles Rangel, questioning whether or not he should be dictating tax policy while the House Ethics…
Orman: Bush Owes America His Family Fortune for Causing Financial Cris
March 20th, 2009 10:15 AM
Former President George W. Bush is personally responsible for the current financial crisis and should give every penny of his family fortune to the American people as a result.So proclaimed financial advisor Suze Orman in an article published Friday at WWD. Ironically, the piece also pointed out that Orman didn't foresee the collapse of the financial services industry, and not only continued to…
Fox Biz 'Happy Hour' Co-Host: 'AIG Bailout Funds Terrorism
March 19th, 2009 10:37 AM
While there has been a lot of outrage over taxpayer money being used to fund $165 million in bonuses paid out to American International Group (AIG) executives propagated by the media, Fox Business "Happy Hour" co-host Cody Willard suggested the bailout money is going to something far worse - terrorism, specifically al-Qaida.On March 18, The Wall Street Journal reported that some of the money the…