CNBC

If we're to believe Associated Press reporter Daniel Wagner, this morning's report from the Department of Labor on unemployment claims revealing that initial claims during the week ended August 6 fell to 395,000, was "good news." Why, according to Wagner, that drop, all by itself, it was "enough to catapult stocks," pushing the Dow up by 423 points in Thursday's trading. Uh, not exactly,…

Banking analyst Meredith Whitney made a big mistake on CNBC Wednesday calling Tea Party members "freaked out white men who are unemployed" when Rick Santelli was about to come on the program. Not surprisingly, Santelli after his pre-market interview with Steve Liesman went right after Whitney's foolish comments even making it personal (video follows with transcript and commentary):

MSNBC's Thomas Roberts implied Tuesday that members of Congress who oppose efforts to inject more government spending into the economy, as President Barack Obama proposed recently, are committing an "act of treason." "Why don't people look at that as an act of treason?" the daytime anchor asked the Washington Post's Ezra Klein, who shrugged off the accusation. "I don't think what happens is…

For over 24 hours, Obama advisers, Democrat senators, and terminally stupid ideologues in the media have been blaming Standard and Poor's downgrade of America's debt on the Tea Party. On Monday, one of the only sane voices in the mainstream media stood up and said, "If it wasn't for the Tea Party, they would have passed the debt ceiling thumbs up, we would have been rated BBB" (video follows…

At the top of Saturday's NBC Today, CNBC's chief Washington correspondent John Harwood told co-host Lester Holt that the downgrade of U.S. debt provided President Obama with "a tangible consequence to point to for Republican brinksmanship on the debt and deficit reduction deal." Harwood observed: "Mitch McConnell, the Republican leader, always said, 'We don't want co-ownership of the economy…

On Tuesday's NBC Today, co-host Ann Curry touted President Obama trying to scare the American people into supporting his debt ceiling plan: "He called for public activism, so much so that we hear that Capitol Hill web sites were crashing last night because so many people were trying to e-mail their representatives. It looks like he spooked main street...will he also spook Wall Street?" Curry…

Appearing on Saturday's NBC Today, CNBC's John Harwood solely blamed House Republicans for the ongoing debt ceiling gridlock: "Speaker Boehner and President Obama, were negotiating in good faith. They wanted a deal....the House Republican caucus...would not accept what President Obama needed to make a deal, and that is real and significant tax hikes as a component."   Harwood argued…

CNBC panelists and guests always make predictions in the minutes leading up to the Labor Department's release of the jobs report and June 3 was no exception. While economists Diane Swonk and Mark Zandi and CNBC's own Steve Liesman all made predictions of job gains between 100,000 and 150,000 - Rick Santelli threw his own lower prediction in just seconds before the announcement: 55,000. (…

MSNBC's Chris Matthews on Thursday got a much-needed economics lesson from CNBC's Joe Kernen. In the midst of a discussion about the economy and how it's going to impact the 2012 elections, the "Hardball" host bragged about having studied economics in grad school leading Kernen to marvelously ask, "You studied economics?" (video follows with transcript and commentary):

Perhaps using a preemptive strike to help combat the May jobs report to be released on Friday, MSNBC has already found an excuse for lost jobs, and an increased unemployment rate – storms, tornadoes and flooding.  According to a business report: “…homes or places of business have been destroyed in this year's wave of storms, tornadoes and flooding. That means thousands of workers in the South…

As readers are likely aware, former Vermont governor Howard Dean is a contributor to CNBC, and in this role, he continues to say the darnedest things. On Monday's "The Last Word," Dean said of the far-right, "They hate Muslims, they hate gays, they hate immigrants, and the rhetoric in the primaries shows that" (video follows with transcript and commentary):

Most Americans are probably familiar with outspoken Kiss star Gene Simmons, but likely didn't know that he was born and partially raised in Israel. With this in mind, when he was asked by CNBC's Jane Wells what he thought about President Obama's suggestion that Israel's borders be redrawn to pre-1967 levels, Simmons replied, "He has no f--king idea what the world is like because he doesn’t…

In a moment of respite from its typically liberal proclivities, MSNBC's "Morning Joe" tuned in to "Squawk Box" on May 12 to chat with the 11-year-old daughter of a CNBC anchor who co-authored a book about "defending our kids from the liberal assault on capitalism." "Although I am an environmentalist, in this argument I support the business side," wrote Blake Kernen, daughter of CNBC's Joe…

As NewsBusters has been reporting, since President Obama once again proposed letting the Bush tax cuts expire for the highest earning Americans, the media have been supporting it almost 24 hours a day. Doing his part this weekend was Chris Matthews who after the introduction of the syndicated program bearing his name actually began the show, "Why is taxing the rich so hard?" (video follows…