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WATCH: BET Founder Worth $550M Wants $14T in Reparations for Slavery
Business
The hypocrisy of mega-rich celebrities calling for reparations for slavery is astonishing. Black Entertainment Television Founder Robert Johnson, as summarized by CNBC, said that the “U.S. government should provide $14 trillion of reparations for slavery to help reduce racial inequality.” He’s currently worth an estimated $550 million.
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WATCH: These Cable Hosts Savage Each Other Over ‘Your Friend’ Trump
The usually more placid Squawk Box exploded on Wednesday as two of the co-hosts blasted each other about the shutdown, jobs and Donald Trump. Co-host/New York Times journalist Andrew Ross Sorkin mocked fellow co-host Joe Kernen as nothing more than a puppet for “your friend” Donald Trump. Kernen accused his fellow host of being too negative on the stock market and recovery.
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CNBC's Jim Cramer: 'The Only People Talking About a Recession Are Us'
Have you noticed all the talk recently by the mainstream media about a recession? Of course, many members of the MSM can barely contain their glee at the prospect of an economic downturn hurting President Trump's prospects in the election next year. Well, Jim Cramer on Thursday's Squawk Box told host Joe Kernen that the only people talking about such a recession are "us," meaning members of the…
Feel the Bern? CNBC Hammers Sanders Adviser Over Democratic Socialism
Business
Sen. Bernie Sanders (I-VT) hit the campaign trail promoting “Democratic socialism” and claiming President Donald Trump supports “corporate socialism for the rich and powerful.” CNBC anchor Joe Kernen demanded clear definitions and answers from a Sanders adviser on June 13, attempting to learn whether democratic socialism would really mean more entitlements and government control.
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Shark Tank Star Destroys Sanders' $15 Minimum Wage Proposal
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Shark Tank star Kevin O’Leary and CEO Gerald Storch brought a free market reality check to Democratic socialist Sen. Bernie Sanders’ (I-VT) 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…
Dems’ Wall Street Tax Plans Fall Flat on CNBC
Business
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"…
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Obama-Era Cheerleader Liesman Downplays Economy's Third-Quarter Growth
At CNBC Wednesday morning, just after the release of the government's GDP report, Squawk Box panelist Steve Liesman appeared to do everything he could to downplay the significance, and even the relevance, of the 3.3 percent annualized growth estimate. At the end of the segment, he gave away his ignorance when he expressed outrage that the tax bill currently under consideration in Congress, while…
AT&T CEO Tells CNBC Tax Reform Will Spur Investment, Hiring
Business
The CEO of AT&T insisted that tax reform spurs business investment, which will lead to hiring and wage growth in an interview with CNBC’s Squawk Box a week after the president proposed reforms.
AT&T CEO and chairman Randall Stephenson sat down with the Squawk Box crew on May 4, to discuss several issues including the possibility and impact of a tax reform plan on the U.S. economy.…
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Hey, Journalists: Another ‘Blowout’ Jobs Report
Business
Good things come in threes. This is the third month in a row for a strong jobs report. The question is: Will journalists continue to ignore the good economic news under President Donald Trump? The stock market surged April 5, after news of what CNBC Senior Economics Reporter Steve Liesman called “another blowout” jobs report from the ADP private payroll. According to the report, the private…
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CNBC’s Kernen Slams Media Support for Liberal Obstruction
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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,…
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Former Obama Official Tries to Backtrack After Implying Intel Leaks
On CNBC’s Squawk Box on March 30, a former senior Obama administration official tried to take back her earlier admission that the former administration tried to “get as much information” as possible on Trump and his associates before the transition of power – but she only dug herself in deeper.
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Frustrated CNBC Anchor Says We ‘Need Term Limits’
Business
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…
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Home Depot Co-Founder Praises Trump Tax Plan
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…
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CNBC’s Kernen Says Trumponomics ‘Optimism’ Helped Jobs
Business
The economic optimism of Donald Trump’s election is becoming harder to deny, although many liberals are still trying. The Bureau of Labor Statistics (BLS) announced March 10, that the U.S. economy added 235,000 new jobs in February, beating estimates by 38,000. Following that news, CNBC’s Squawk Box co-anchor Joe Kernen argued Trump instilled confidence in the economy by surrounding himself by…
