CNBC
Santelli Claims Geithner 'Lying to the American People' on Monetizatio
June 3rd, 2009 2:39 PM
With the federal government issuing massive amounts of debt and the Federal Reserve purchasing it in the name of keeping interest rates down, questions have arisen about impact on the U.S. dollar. On June 2, CNBC's "Power Lunch," aired a clip of the network's chief economics reporter, Steve Liesman interviewing Secretary of the Treasury Timothy Geithner. Geithner claimed the Federal Reserve…
Saudi Oil Minister Reprimands CNBC Reporter for Calling OPEC a 'Cartel
May 28th, 2009 1:59 PM
It's the new "C" word according to Melissa Francis, co-host of CNBC's "The Call." Using the word "cartel" to describe OPEC is officially a no- no. Francis, who was on location in Vienna, Austria at the OPEC summit, reported on an exchange between herself and Ali Al-Naimi, the oil minister of Saudi Arabia during the May 28 broadcast of "Squawk on the Street." In an interview, Al-Naimi took issue…
More Trouble at CNBC? Network's Macke Reportedly at Odds with Manageme
May 22nd, 2009 3:32 PM
Is there another shakeup imminent at CNBC? Since the economy has been on the rocks, NBC Universal's financial network has been in the spotlight - political tug-of-war and all. This time, another one of the network's star on-air personalities, Jeff Macke, could be out. Macke had been a cynical, sometimes conservative voice on CNBC's "Fast Money" and in other CNBC and MSNBC appearances, often…
GE's Jeff Immelt: Global Warming 'Compelling'; Cap-and-Trade Most 'Eff
May 20th, 2009 3:17 PM
General Electric (NYSE:GE) is the parent company of the major media conglomerate NBC Universal, which owns media outlets NBC, MSNBC and CNBC. At times that has led to the lines between corporate advocacy and journalism being blurred. That was certainly the case when GE's CEO Jeff Immelt appeared on CNBC's "Squawk Box" May 20 to discuss the White House meeting of President Barack Obama's 16-…
Cramer Claims Stewart Was Trying to Get Him Fired: 'One Day He'll Answ
May 14th, 2009 5:11 PM
Usually when CNBC's Jim Cramer is making headlines, it's for his outrageous antics or over-the-top statements. Not this time. Time magazine's Justin Fox interviewed Cramer asking him questions submitted by readers which was posted on Time.com May 14. Two of those questions dealt with his March 12 appearance on Comedy Central's "The Daily Show." In his answers, Cramer accused Jon Stewart of…
WSJ’s Moore Explains Punitive 90-Percent Bonus Tax Proposal was Dive
May 13th, 2009 5:54 PM
Remember back in March when Congress had the brilliant idea to retroactively tax bonuses paid out by bailed out insurer American International Group (AIG)? The House voted 328 to 93 for the 90-percent tax on the $165 million in bonuses, but it later died in the Senate. Steve Moore, a member of The Wall Street Journal's editorial board, explained on CNBC's May 13 "Street Signs" that the punitive…
Former FDIC Chairman Bill Seidman Dead at
May 13th, 2009 4:32 PM
A truly great American, former FDIC chairman Bill Seidman, died Wednesday at the age of 88.CNBC.com reported moments ago:Mr. Seidman was born April, 29, 1921, in Grand Rapids, Mich. He received his undergraduate degree from Dartmouth College, his LLB from Harvard University and his MBA from the University of Michigan's Ross School of Business.During World War II, Mr. Seidman served in the U.S.…
'Fast Money' Cast Debunks Legend of 'Dr. Doom' Roubini
May 12th, 2009 2:27 PM
He's beloved by the gossip culture of Manhattan and was recently embraced by the left for hurling insults at CNBC "Mad Money" host Jim Cramer. But as Cramer's CNBC "Fast Money" colleagues explained, if you listened to NYU professor Nouriel Roubini, you would have missed out on a lot of stock market upside. Roubini, often called Dr. Doom and known for crazy parties, predicted back in 2005 the…
Return of High Oil Price Predictions: CNBC Segment Warns of $300 Oil
May 9th, 2009 11:02 AM
If you want to know when the economy is making a comeback, keep a watchful eye on the frequency of high oil and gas price reports in the news. Throughout 2007 and the first half of 2008, viewers were inundated with high gas and oil price reports on cable and broadcast news. But since hitting $147 back in July 2008, oil prices have plummeted into the low-$40 range mid-January and so has the…
CNBC Contributor Howard Dean: 'I Think We Had Quite Enough Capitalism
May 8th, 2009 1:53 AM
Back in March, CNBC in what seemed to be an effort to pander to critics on the left, officially named former DNC chair and former Vermont Gov. Howard Dean a CNBC contributor. But aside from campaigning for left-wing MoveOn.org causes in his spare time, Dean will appear on daily CNBC programming. But on the May 7 "Power Lunch," Dean, a contributor for the network with the slogan, "First in…
Santelli Takes on Another Lefty Blaming the Right for Economic Hardshi
May 7th, 2009 7:46 PM
For whatever reason, CNBC keeps lining up challengers to take on its Chicago Mercantile Exchange floor reporter Rick Santelli over his self-reliance, pro-taxpayer persona - whether it's Steve Liesman, Arianna Huffington or this time, Keith Boykin - editor of The Daily Voice, a CNBC contributor and a BET TV host. ON CNBC's May 7 "The Call," Santelli took on Boykin in the program's "The Call of…
Former CNBC Host Dylan Ratigan Switches to MSNBC; Bashes Social Issue
May 7th, 2009 10:43 AM
Once upon a time, there was Dylan Ratigan, host of CNBC's "Fast Money," and co-host of that network's "Closing Bell." He was never partisan and willing to criticize both political parties in Washington, D.C. Now he seems to think Bristol Palin has taken Karl Rove's job as the sinister mastermind of Republican politics. In late March 2009, Ratigan left CNBC for destinations unknown, but on May 6…
'Green' Cars Hailed as Savior of Ford, Michigan Economy
May 7th, 2009 10:05 AM
We were told all throughout the 2008 presidential campaign and on up into the debate over the stimulus that the way out of the current economic malaise is through growing a green economy. "NBC Nightly News" is still on message. On the May 6 broadcast of "Nightly News," anchor Brian Williams explained that Ford Motor Company (NYSE:F) didn't accept federal bailout money, but all the while it has…