Stock Market

As economic issues move to the front of the on-going presidential campaign, the mainstream media have given an increased amount of coverage to what is happening on Wall Street. However, they have portrayed Wall Street as something completely alien to what happens on "Main Street." "Now to Wall Street, which, as you know, doesn't always like what Main Street likes, and by the end of the…

Coming off his April 2 interview with Democratic presidential hopeful Sen. Hillary Clinton (D-N.Y.) on his show "Mad Money," CNBC's Jim Cramer told "Squawk Box" his job entails some hazards. "You know, look, obviously I've had a lot of death threats," Cramer said on CNBC's April 3 "Squawk Box." "They're actual death threats. And, you go to the state police and the state police go to the local…

Wall Street saw a 391-point rally on the Dow today, the first day of the second quarter. ABCNews.com saw the development worthy of a "Breaking News" tag towards the top of its Web page and put the story in the top headlines rotation.But it appears that ABCNews.com was alone among its competitors in trumpeting the news. I checked numerous Web sites shortly after 5:30 and found ABC's to be the only…

Just how obvious is it that the media's economic and business coverage is so negatively skewed that it has to be part of a political agenda in an election year? Obvious enough for the folks at Fox News to do an entire segment Saturday morning asking the extraordinary question: "Media ‘Talking Down' the Economy to Get a Dem Elected?" Despite my surprise seeing "Cavuto on Business" begin with…

When is a billion-dollar loss a bonanza? When the person suffering it is one of those greedy Wall Street types the MSM loves to hate. Check out how, in opening this morning's show, Today cast the situation of Bear Stearns Chairman James Cayne:MATT LAUER: Payday! His company imploded and thousands of stockholders went bust, but the Chairman of Bear Stearns cashes in and gets $61 million dollars.…

Do you think the federal government guaranteeing $29 billion in a loans for JP Morgan Chase to take over Bear Stearns is a good idea? It really doesn't matter what you think, according to CNBC's Jim Cramer. Cramer defended the move by the Fed from any potential public scrutiny on CNBC's March 24 "Squawk on the Street." "The American public don't know jack," Cramer said in response to a…

CNBC "Mad Money" host Jim Cramer came under fire recently for telling viewers Bear Stearns (NYSE: BSC) wasn't in trouble just days before the investment bank tanked. He has finally admitted some fault. "No! No! No! Bear Stearns is not in trouble," Cramer said on his program March 11. "If anything, they're more likely to be taken over. Don't move your money from Bear." The following weekend,…

With Eliot Spitzer gone, Chuck Schumer moves to the head of the list of smugly self-righteous New York pols. So it was particularly satisfying to see Sen. Jon Kyl [R-AZ] put Schumer is his place on This Week with George Stephanopoulos today. A guest with Kyl for purposes of discussing the economy, Schumer clearly came in with a game plan: to analogize President Bush to the man who presided over…

"Good Morning America" economic reporter Bianna Golodryga narrated a segment on Tuesday's show that featured grainy black and white footage from the 1930s and two references to the Great Depression. The ABC journalist also featured clips from Democratic presidential contenders Barack Obama and Hillary Clinton to amplify the warnings of impending economic doom. While discussing the collapse of…

He'd probably like to take this comment back, but then again there are probably many things CNBC "Mad Money" host Jim Cramer has said that he'd like to take back. In a response to an e-mail posted on his Web site on March 11, Cramer said Bear Stearns (NYSE:BSC) wasn't in trouble and advised the writer to keep his money in the investment bank: "Dear Jim: Should I be worried about Bear Stearns…

For more than a week, NewsBusters has been pointing out that media seem to be adopting the 1992 Bill Clinton playbook of presenting the economy as being in much worse shape than it really is.On Sunday, former Clinton administration adviser George Stephanopoulos took this doom and gloom posture by repeatedly depicting the nation as already being in a recession. In fact, he began the most recent…

Jim Cramer is known for wearing his heart on his sleeve. But the host of CNBC's "Mad Money" normally lets his emotions show over matters financial. In August, for example, he went ballistic at Ben Bernanke, pleading with the Fed chairman to lower interest rates in the face of widespread home foreclosures.This morning, however, Cramer got verklempt not over the discount rate but at the falling…