Media Revelation: Obama is Going to Raise Taxes
September 14th, 2009 9:19 AM
About a year ago, then-Senator and Democratic nominee Barack Obama managed to seize control of the issue of taxes from the Republican Party by promising lower taxes for "95 percent of Americans." But today it's a drastically different situation. Obama's $787-billion stimulus has been passed into law and the administration is taking on higher deficits, which will only increase if a Democrat…
USB's Cashin: Market Conditions 'Reminiscent' of Lead Up to 1987 Crash
September 11th, 2009 4:43 PM
The Dow Jones Industrial Average (DJIA) has climbed nearly 45 percent since hitting a March 9 low. The S&P 500 (S&P) is up nearly 53 percent. And the NASDAQ (NASDAQ) has soared a whopping 61 percent since the March bottom. But that rally has some analysts shaking their heads. Art Cashin, a CNBC regular who also makes frequent appearances on CBS and NBC news programs to offer insight on…
Oops – CNBC Misses First Minute and a Half of GOP Response
September 10th, 2009 12:26 AM
While none of the other cable networks experienced any technical delays leading into Rep. Charles Boustany, R-La., CNBC - the business arm of NBC Universal's cable empire didn't quite get there on time. Boustany was cheated out of a little over a minute and a half giving his response on CNBC. However, its sister network - MSNBC, and the major cable networks caught up with the Republican response…
CNBC’s Cramer: Spiraling National Debt to Cause Bear Market in 18 Mo
September 9th, 2009 10:58 AM
Since hitting their lows back in March, financial markets have rallied in the wake of last year's financial crisis. The Dow Jones Industrial Average (DJIA) is up 43 percent since March 9. But can it last? It could be all given up with this rate of government spending according to CNBC "Mad Money" host Jim Cramer. Cramer, responding to a viewer e-mail on his Sept.8 program, explained what a…
Still Bitter: White House Goes After Santelli Again, but Santelli Fire
September 4th, 2009 4:52 PM
It's been nearly seven months since CNBC reporter Rick Santelli took a stand against the Obama administration, which inspired the tea party movement - and the White House hasn't forgotten. White House Press Secretary Robert Gibbs was asked by CNBC Washington correspondent John Harwood why the administration decided to go after Santelli after his Feb. 19 call for a metaphorical revolt over…
Unwillingness to Have Obama in Classroom Symptom of Why Schoolchildren
September 3rd, 2009 3:17 PM
Once again, one of the masters of the universe trotted out on MSNBC has discovered the cure to one of society's ills - more Obama. Daily Voice editor and CNBC contributor Keith Boykin waved off the reservations of some parents about President Barack Obama addressing their children in the classroom. Boykin appeared on MSNBC on Sept. 3 in a segment about the classroom controversy and added his…
Former British Health Minister: U.K. System not 'Ideal' for U.S
August 31st, 2009 7:12 PM
Remember when Michael Moore depicted the United Kingdom's National Health Service (NHS) as a superior health care system in his 2007 documentary "Sicko"? That romanticizing on the silver screen might have seemed like a good idea for the American society, but according to Lord Ara Darzi, it's not ideal for the United States. Darzi, a former British Health Minister, appeared on CNBC's Aug. 31 "…
CNBC's Cramer on Glenn Beck Advertisers: 'I Think They All Come Back i
August 24th, 2009 5:21 PM
Keith Olbermann, Ed Schultz and the brain trust at ThinkProgress probably won't like this, but CNBC "Mad Money" host Jim Cramer thinks the Glenn Beck boycott won't have an impact on NewsCorp's (NASDAQ:NWSA), the parent company of Fox News, bottom line. During the "Stop Trading" segment on "Street Signs" Aug. 24, Cramer explained that Unilever (NYSE:UN) was going all out with its advertising, by…
CNBC Analyst Wary of Health Care Stocks; Knocks Obama's 'Hand-Picked A
August 11th, 2009 6:29 PM
As the likelihood of President Barack Obama's style of health care/health insurance reform has looked more and more uncertain, health care sector stocks have rallied, nearly 10 percent over the last month. But now as Obama is showing some signs of managing his message and could be trying to make a comeback, even as polls show the odds aren't his favor, CNBC market analyst Steve Grasso is…
'Mad Money' Cramer: 'Demonize' Unhealthy Foods to 'Embarrass People' t
August 10th, 2009 6:07 PM
It's no longer just enough to educate people about making healthy decision. You now have to influence them psychologically to effect true change according to CNBC's Jim Cramer. Cramer, during his "Stop Trading" segment on CNBC's "Street Signs" on Aug. 10, suggested eating so-called unhealthy food be demonized, similar to how the tobacco industry has been - through a publicity campaign that even…
Krugman Calls for Second Stimulus, Suggests 'Environmental Policies' t
August 10th, 2009 5:11 PM
Only $120.4 billion, or 15 percent of the gigantic $787-billion stimulus has been spent and some on the left, including Nobel Prize-winning economist and New York Times columnist Paul Krugman, are already calling for Stimulus, Part II. In an interview with CNBC Asia from the World Capital Market Symposium on the Aug. 10 broadcast of "Squawk Malaysia" Krugman said the stimulus that passed…
CNBC Host Blames 'Overpaying' Howard Stern for XM Sirius Woes
August 6th, 2009 5:43 PM
Times have been tough financially for media companies across the board and satellite radio has been no exception. On Aug. 6, Sirius XM Radio (NASDAQ:SIRI) posted a second-quarter loss and the company hasn't lived up to expectations after Sirius and XM completed a merger a little over a year ago. According to "CNBC Reports" host Dennis Kneale, part of the satellite radio's problem is shock jock…
The Real Reason for CNBC Ratings Decline: 'Experts' Ignore Left-Ward T
August 5th, 2009 7:04 PM
When in doubt blame conservatism, even when it comes to the struggles of a media outlet - and ignore the possibility that liberalism might be to blame. Ever since Nielsen came out with the July numbers for CNBC that showed the network had suffered a 28 percent ratings decline over a year ago, some of the financial media intelligentsia have been eager to point to what they perceive are the right-…
HuffPo Decries General Electric's Control of NBC, MSNBC ...But Only O
August 4th, 2009 5:35 PM
The Huffington Post is concerned all of a sudden that General Electric is engaging in top-down control of the news because they tried to stop Keith Olbermann’s attacks on Bill O’Reilly. The Post is right to be concerned about GE’s control, but they haven’t shown much interest in GE’s network push for green investments and carbon trading that will line their own pockets. As one of world leaders…