Rather than rejoice over the stock market rally, many people are pushing economic pessimism and that upset CNBC’s Rick Santelli. The CNBC editor and contributor complained about the pessimism on Squawk Box Feb. 16. “Much of the world always finds something to cheer about, always finds hope in every stock market. This particular rally, because of the president, everybody wants to put cold water on it and maybe some day they’ll all get their wish,” Santelli said.
It’s working. President-elect Donald Trump’s talk of lowering corporate tax rates and reducing regulation is already helping the economy, according to New York Stock Exchange (NYSE) Group President Tom Farley. Farley shared his views on the economy and the causes of the recent stock market rally with CNBC’s Squawk Box on Jan. 18. Squawk Box anchors interviewed Farley live from Davos, Switzerland, during the 2017 World Economic Forum meeting.
After Donald Trump chose former presidential candidate Ben Carson to lead the Department of Housing and Urban Development (HUD), journalists ridiculed the choice, mocked Carson’s beliefs and labeled him a “scammer.” Squawk Box co-anchor Joe Kernen anticipated the liberal media reaction on Dec. 5, saying, "Let's see, he's not a billionaire, so how's the mainstream media going to trash him? He's a -- he's just a loyalist. He's a doctor. Doesn't know anything about housing."
Squawk Box host Joe Kernen blasted the “mainstream media” as the election loser saying certain outlets should accept humiliation. “The mainstream media is a loser in this and not just in trying to analyze what was happening but trying to influence and affect what was happening,” Kernen said on Nov. 9.
When CNBC’s Joe Kernen calls someone out for liberal bias, it is usually one of his colleagues. This time, he hit ABC This Week anchor George Stephanopoulos. “I love when Steph goes after the Republicans, man. He's tough. He is tough. Whew,” Kernen remarked sarcastically in a jab at the ABC News’ chief anchor on Squawk Box Aug. 22.
CNBC’s business news coverage took a humorous turn when Squawk Box anchors Joe Kernen and Andrew Ross Sorkin’s conversation turned to social media. On July 27, after reporting that Twitter shares were down following a disappointing quarter, Kernen revealed what he likes about Twitter and who he follows.
On the eve of the Democratic convention, CNBC’s Joe Kernen wanted to know why the media have failed to challenge Hillary Clinton on the issue of her personal wealth and the controversy surrounding the Clinton Foundation. Kernen, a Squawk Box co-anchor, pointed out that the media have been suspiciously silent on the subject of Clinton’s finances. During a discussion regarding a recent book about the Clintons, he referenced the two journalists who exposed the Watergate scandal: “Where’s Woodward and Bernstein on any of this?”
Following the Labor Department’s disappointing report that only 38,000 jobs were added in May, the Federal Reserve decided on June 15, 2016, they would not raise interest rates. CNBC Squawk Box co-anchor Joe Kernen reacted to the Fed’s decision the following morning. He criticized them for only raising interest rates once in the past nine years.