NewsBusters Podcast: Jussie Smollett and Cheap Gas Go Bye, Bye
March 11th, 2022 7:44 PM
Closing out another incredibly busy news week, NewsBusters deputy managing editor Nick Fondacaro and I kicked off Friday’s NewsBusters Podcast with some gloating over the sentencing of Jussie Smollett — the far-left actor who faked a hate crime on a January 2019 Chicago night in subzero temperatures — and the liberal media’s complicity in his lies. We were then joined by NewsBusters associate…
CNBC's Rick Santelli Slams Biden for Constant Inflation Excuses
March 10th, 2022 1:55 PM
CNBC’s on-air editor Rick Santelli has had it with the Biden administration’s gaslighting on the skyrocketing inflation plaguing the U.S. economy. The Bureau of Labor Statistics released a report March 10 showing that inflation shot up 7.9 percent on a year-to-year basis in February for the highest level in more than 40 years and slightly beat expectations.
CNBC’s Rick Santelli Nukes Fed Following Devastating Inflation Report
February 14th, 2022 11:22 AM
CNBC’s on-air editor Rick Santelli tore apart the Federal Reserve following the devastating report that inflation spiked to 7.5 percent for the highest level in forty years. Santelli ripped the Fed for its lackluster approach to fighting inflation along with Leuthold Group Chief Investment Strategist Jim Paulson's seemingly out-of-touch positive prediction on the U.S inflation outlook during…
Friday Morning Fight: CNBC Panel Explodes Over COVID Restrictions
December 4th, 2020 4:00 PM
On Friday’s Squawk Box, the CNBC panel devolved into chaos with corporate liberals defending “big box retailer[s]” as necessary and worthy of staying open during the worst throws of the coronavirus pandemic whereas other public places must and should remain closed in the name of public safety. While the sentiment on Twitter sided with this blatant discrimination, panelist Rick…
April Exceeds Expectations, 3.6% Unemployment Lowest Since ’69
May 3rd, 2019 3:06 PM
April was a great month for jobs with another upside surprise.
CNN reported on May 2, that it was expected to be “a healthy but unspectacular” 185,000 jobs. Unemployment was expected to remain at 3.8 percent. MarketWatch was expecting a “robust increase” of around 213,000 jobs.
Two Out of Three Evening Shows Omit GDP ‘Whopper’
April 30th, 2019 10:13 AM
The U.S. economy grew so much more than expected in the first quarter that CNBC’s Rick Santelli called it a “whopper” and “really powerful” news on April 26. A day later, the news made the front page of The Washington Post and The New York Times.
The broadcast networks were less enthusiastic. Two out of the three evening news programs skipped the story entirely that night.
CNBC’s Santelli Lauds ‘Whopper’ 3.2% Economic Growth
April 26th, 2019 2:47 PM
Economic growth bested expectations by nearly a percentage point in the first quarter, and “pushes back” against recent recession fears, according to CNBC.
“First look at first quarter GDP and it is a whopper! 3.2 percent.” on-air editor Rick Santelli announced on April 26. “A 3 handle on first quarter. It’s supposed to be the dog of the year in terms of which quarters excel. This is really…
Blockbuster 312K Jobs ‘Good for the Economy,’ ‘Working People’
January 4th, 2019 11:06 AM
The December jobs report crushed expectations on Jan. 4, with 312,000 jobs added, a strong participation rate, wage gains and two months of upward revisions. That was 136,000 jobs more than expected.
Rick Santelli: First Two Years of Obama Were ‘A Boot on Business’
September 7th, 2018 11:51 AM
Authoritarian governments are known for having a boot on the neck of freedom. CNBC’s on air editor Rick Santelli said the Obama administration had a "boot on business." Santelli was rumbling with former Obama official and Brookings Institution economist Aaron Klein over taxes, spending and whether the Obama administration enacted “pro-growth” economic reforms.
CNBC: 213,000 Jobs Added in ‘Great Report,’ ‘As Good as It Gets’
July 6th, 2018 2:26 PM
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.
AP on Record-Low Black Jobless Rate: 'Taking Chances' on the 'Ignored'
June 3rd, 2018 7:36 AM
In his coverage of Friday morning's stellar jobs report, the Associated Press's Chris Rugaber came up with a couple of doozies aimed at curbing readers' enthusiasm. The AP economics writer half-expected that employers would rein in their hiring over confrontational rhetoric President Donald Trump and other foreign leaders have recently engaged in over trade and tariffs. He also implausibly framed…
Santelli on First Quarter GDP: ‘Holy Cow! Better Than Expected’
April 27th, 2018 11:39 AM
On-air editor Rick Santelli announced the first quarter gross domestic product (GDP) estimate for CNBC’s Squawk Box on April 27. “Holy cow! Better than expected up 2.3 percent. You know many were thinking, and there’s a lot of reasons to believe so, that it would be a bit under the 2 percent. So 2.3 of course, as follows 2.9 last quarter,” Santelli said.
Networks Ignore Consumer Confidence Rebound to ‘Lofty’ Levels
April 27th, 2018 11:06 AM
CNBC’s on-air editor Rick Santelli reacted to the April consumer confidence numbers positively, but the same night ABC, CBS and NBC evening news programs all ignored the latest update of consumer attitudes toward the economy, as did their Spanish-language counterparts, Univision and Telemundo. “Some breaking news: Consumer confidence, we are looking for a read on April and the number is 128.7,…
CNBC’s Santelli: People Want to ‘Put Cold Water’ on Trump Rally
February 17th, 2017 3:11 PM
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…