Joe Kernen

USB's Cashin: Market Conditions 'Reminiscent' of Lead Up to 1987 Crash
By Jeff Poor | September 11, 2009 | 4:43 PM EDT

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 the financial markets, was skeptical. He told CNBC's "Squawk Box" on Sept. 11 he got some of his money out of the market and got burnt, but is still scratching his head over the rally.

"Away from that, I'm still somewhat skeptical about this," Cashin said. "I've been wrong, got out too early, certainly. I took some money off the table as I told you, about a week and a half, two weeks ago. Didn't take it all off, um, may take some more off if they keep going."

CNBC Guest Host Explains How TARP is Driving Up Oil Prices
By Jeff Poor | August 3, 2009 | 4:03 PM EDT

Chalk another one up to the law of unintended consequences.

Last fall, the media promoted the $700-billion TARP bailout. During the weeks and months leading up to that bailout, they were also on board with cracking down on oil speculators for driving up the price of oil. But now it seems the TARP program is contributing to oil speculation.

On Aug. 3, Richard Bernstein, CEO of Richard Bernstein Capital Management and CNBC contributor, told "Squawk Box" viewers: "One has to wonder how much TARP money has gone into bank balance sheets to speculate on commodities, right? Because the amount that's - the amount of speculation in commodities on bank balance sheets is much larger than what you get from the CFTC."

CNBC Allows Santelli to React to Tea Parties: 'I'm Pretty Proud of This'
By Jeff Poor | April 15, 2009 | 9:48 AM EDT

While Fox News has celebrated the Taxpayer Tea Party rallies and MSNBC has denigrated them, the impetus of the movement - CNBC and specifically Rick Santelli, its inspiration - had been conspicuously quiet about it.

But on CNBC's "Squawk Box" April 15, co-host Joe Kernen asked Santelli what he thought of being a "cultural phenomenon." That was the same show Santelli famously called out President Barack Obama on for the unfairness of his housing bailout proposal on Feb. 19.

"A lot of articles about these tea parties," Kernen said. "They all have your name in them, like you caused it. Are you actually attending any or are you just sort of got the idea going initially? What do you think? I mean, you're like a cultural phenomenon at this point."

Latest Addition to the CNBC Payroll: Former DNC Chair Howard Dean
By Jeff Poor | March 23, 2009 | 12:46 PM EDT

Is CNBC caving to its critics on the left?

It might appear so now that former Vermont Gov. Howard Dean, also the former chair of the Democratic National Committee, was officially named a CNBC contributor on the March 23 "Squawk Box" by co-host Joe Kernen.

"Joining us for the next two hours, former DNC chair and Vermont Gov. Howard Dean, who is as of today a CNBC contributor," Kernen said.

CNBC had also named Tony Fratto, a former Bush administration Deputy Press Secretary as a contributor to the chagrin of some on the left. Kernen remarked Dean's status as a contributor was an effort to show the network was "balanced."

Kernen Asks Buffett: 'You Might Not Have Fixed Global Warming' After D-Day
By Julia A. Seymour | March 9, 2009 | 2:21 PM EDT

The U.S. is at war with the failing economy, according to Warren Buffett, who told CNBC viewers that it had "fallen off a cliff."

In September 2008, Buffett compared the market turmoil to "an economic Pearl Harbor," and on March 9 he returned to that metaphor in a "Squawk Box" interview that began at 6 a.m. and continued through the 7 and 8 a.m. program hours. Buffett also criticized the Democratic majority for losing focus and trying to move on "pet projects."

"If you're in a war, and we really are in an economic war, there's a obligation to the majority to behave in ways to not go around inflaming the minority. If on Dec. 8, or maybe it was Dec. 7, when Roosevelt convened Congress to vote on the war. He didn't say, ‘I'm throwing in about ten of my pet projects,'" Buffett said.

Taking aim at one such issue, interviewer Joe Kernen replied: "You might not have fixed global warming the day after - the day after D-Day, Warren."

CNBC's Kernen Rips NYT for Criticizing Coverage of Santelli Rant
By Noel Sheppard | February 23, 2009 | 11:23 PM EST

CNBC's Joe Kernen had some fun at the New York Times' expense Monday morning, so much so that whether you love Rick Santelli's Rant Heard 'Round The World, or just can't stand the Grey Lady, you're guaranteed to bust a gut.

To set this up, the NY Times on Monday ran an article bashing media mogul Rupert Murdoch for actually liking -- wait for it!!! -- newspapers -- stop the presses!!! -- as well as a piece criticizing CNBC for having the nerve to publicize Santelli's rant last Thursday.

Oh the humanity!

This didn't sit well with Kernen who tore the Times to shreds both figuratively AND literally (video embedded below the fold, h/t TVNewser):

Rant for the Ages: CNBC's Rick Santelli Goes Off; Studio Hosts Invoke 'Mob Rule' to Downplay
By Tom Blumer | February 19, 2009 | 3:42 PM EST

Santelli_Rick_240x250.jpgWow. Rick Santelli of CNBC (picture at right is from his bio page) let the elitists running what is turning into a planned economy in Washington have it today with a rant for the ages.

The direct CNBC link is here, while a YouTube is here. Allah at Hot Air has an embed.

What's really revolting about this is the studio reaction. While it's maybe half-kidding at times, the fact that strong opposition to government policies expressed by Santelli and the traders makes these reporters instinctively think of the them being "putty" in Santelli's hands and of "mob rule" is very, very telling -- especially since I haven't heard a peep out of any reporter worried about "mob rule" in ACORN's civil disobedience campaign designed to prevent the carrying out of lawful foreclosures.

Here's a transcript of most of what was said earlier today (I would add bolds, but I would have to bold almost everything):

Kernen: Energy Czar Browner is 'Scary' during 'Once in a Lifetime Recession'
By Paul Detrick | December 11, 2008 | 1:36 PM EST

President-elect Barack Obama named Carol Browner the "czar" of climate and energy policy for the White House, but CNBC's Joe Kernen was wary of her appointment.

"You can see that even in Europe, some of the climate concerns, given this, this once in a lifetime recession, John - to put someone that, an advocate of such strong measures," Kernen said on "Squawk Box" Dec. 11. "Really I've seen her called Brownies or Brownistas. Um. That's a little scary with what's happening right now."

Earlier Kernen was discussing cabinet appoints with CNBC Washington correspondent John Harwood and pointed to new regulations Browner could institute: