Andrew Ross Sorkin
Shark Tank star Kevin O’Leary and CEO Gerald Storch brought a free market reality check to Democratic socialist Sen. Bernie Sanders’ arguments for a $15 minimum wage on CNBC’s Squawk Box June 6. Sanders went to Arkansas to attack Walmart over wages and demanded at its annual shareholders meeting that it raise wages even more on June 5. O’Leary and Storch both opposed a wage mandate, saying markets do a better job of setting wages than the government.
Even CNBC's more liberal anchor wasn't thrilled with newly announced plans from Democratic candidates to tax Wall Street transactions. Reporter Ylan Mui told Squawk Box viewers on May 23 about plans from liberal candidates Sen. Bernie Sanders (I-VT), Sen. Kirsten Gillibrand (D-NY), Sen. Elizabeth Warren (D-MA), and Pete Buttigieg (D-IN) to tax Wall Street to pay for expensive things like "free" college.
Last month, 213,000 new jobs were added to the U.S. economy — more than expected by analysts. Jobs figures from the previous two months were also revised up by a total of 37,000 jobs. This good news about job gains and increased participation in the labor market drew praise from CNBC’s panelists on July 6, even from former Obama administration economist Jared Bernstein.
Appearing on MSNBC in the 9:00 a.m. ET hour on Tuesday, with fellow anti-gun activist Stephanie Ruhle, New York Times finance editor Andrew Ross Sorkin touted his latest column demanding that banks and credit card companies ban their customers from making gun purchases with credit cards.
Good news for the economy came quickly on the heels of the Republican-driven tax bill. AT&T, Boeing, Wells Fargo, Comcast and others announced employee bonuses or wage increases, additional contributions to training, charitable efforts and facilities, and U.S. investment. Some directly attributed the decision to changes that will affect them in the tax legislation.
Following the lead of Thursday’s White House press briefing, MSNBC’s Hardball decided to not discuss how the Trump tax reform plan could help millions of Americans by unleashing massive economic growth, but instead how President Trump would benefit from it.
The advent of computer and online technology has made it difficult for newspapers to continue producing and distributing copies of their printed editions while remaining afloat financially. As you might expect, large companies have often snapped up troubled publications in an effort to expand their firms’ influence far and wide. One recent example of this situation came on Monday, September 4, when the New York Daily News -- which has been published since 1919 -- was bought by Tronc, a Chicago-based company that produces the Los Angeles Times and the Chicago Tribune, which resulted in a show of support from a newspaper that has been a long-time competitor to the flamboyant tabloid: the New York Times.
The media don’t just make the news, they frame it. Journalists did it this week, pushing business CEOs to quit President Donald Trump’s American Manufacturing Council. After one CEO resigned in response to Trump’s comments on the violence in Charlottesville, Virginia, the media urged others to follow. The fallout resulted in Trump shutting down the group entirely.
Merck CEO Ken Frazier decided to leave the council after Trump’s comments on violence between white supremacists and counter protesters which included Antifa. Antifa are “anti-fascists” who show up to protest hateful speech and try to shut it down and have demonstrated willingness to use violence to accomplish those goals, according to CNN.
One CNBC anchor thinks the media are “in cahoots with the hating party” and it’s hurting the president’s ability to function with Congress. Squawk Box co-anchor Joe Kernen blasted the media for unequivocal support of Democrat obstruction of President Donald Trump’s economic agenda. He specifically criticized the liberal press for ignoring one Congresswoman’s impeachment obsession. In his view, the hatred the liberal media exhibited towards former President George W. Bush looked like a “love relationship” compare to coverage of Trump.
Seeing a conservative and a liberal agree on the idea of term limits is quite unusual. Though they don’t usually agree on much, CNBC’s Squawk Box co-anchors Joe Kernen and Andrew Ross Sorkin both praised the idea of term limits for members of Congress. Frustrated with Congress’s lack of progress on Trump’s agenda, Kernen argued that getting substantial change passed is “impossible. I think maybe you need term limits.”
Wall Street has been brimming with optimism since President Donald Trump’s election, but Main Street’s optimism soared as well. Some say the new GOP health insurance bill may keep that going.CNBC reporter Kate Rogers said that “Main Street’s outlook post-election is still holding at historically high levels according to the National Federation of Independent Business.”
Add Home Depot Co-founder Ken Langone to the list of business leaders endorsing Trump’s economic agenda. After blasting the “irrelevant” liberal media for obstructing President Trump, Langone warned Republicans of the importance of advancing Trump’s plans for major tax reform. “Republicans, Democrats, the media, everybody was against Trump,” Langone said Feb. 13, on CNBC’s Squawk Box. He defended Trump and argued that, "the American people elected him president for one reason” and that’s because “they want major change.”