It was only a matter of time before someone on CNBC took a shot at Fox Business Network and it came from CNBC’s resident loose cannon, “Mad Money” host Jim Cramer. (Video of the incident is available here.)
“I had the choice of watching a rival business channel or getting a root canal,” Cramer said on CNBC’s October 15 “Street Signs” “And I chose the root canal.”
Cramer appeared on his daily segment on the afternoon CNBC show with host Erin Burnett talking out of one side of his mouth analyzing several stocks. However, Cramer struggled with his speech during his analysis of the potential XM Satellite Radio and Sirius Radio merger and spit all over Burnett when he abruptly said something that sounded like “Fox” for an unknown reason.
“I’m having problems,” Cramer said. "I admit it ...”
“Cramer, you spit all over me and you said a vile word,” Burnett replied.
“I can’t help it,” Cramer said. “I’m having a hard time pronouncing that word.”
Cramer received an unprecedented amount of attention after his August 3 breakdown on the “Street Signs” segment proclaiming economic Armageddon. He has also been scrutinized by Barron’s, the Dow Jones Company’s financial weekly, for his lackluster stock-picking performance.
(Business & Media Institute Director and Boone Pickens Free Market Fellow