Obama Swatting Fly A ‘Dirty Harry Make-My-Day Moment
June 16th, 2009 5:46 PM
During a CNBC interview, New York Times reporter John Harwood shared an intense moment with President Obama: "He had this fly that was persistently buzzing around him during the interview...he swatted his hand and he said ‘I got the sucker’...it was a, you know, Dirty Harry ‘make my day’ moment."Harwood described the showdown at the end of the 4PM ET hour on MSNBC, after anchor David Shuster…
Cramer, Burnett: Iran Election Results Expected; Turmoil behind Ballot
June 15th, 2009 10:18 PM
Usually when there's turmoil in the Middle East, you'll see a spike in the price of oil, but not this time. On June 15, the first day of trading since the public backlash in Iran began from what many are calling a fraudulent election, the price of oil has actually declined - after a rally over the past few weeks. But as CNBC's Jim Cramer pointed out on his June 15 "Stop Trading" segment on "…
Frankly Rude: Barney Cuts Haines Interview Short
June 11th, 2009 1:31 PM
It's a conversation, Barney, not a soliloquy . . . Discussing the regulation of executive pay with CNBC's Mark Haines today, the testy liberal Dem from Massachusetts was affronted when Haines tried to get in a word edgewise.Before long, Barney announced that the interview was over, and ripped off his earpiece. Unruffled, Haines got off a good last line: "Fine, goodbye sir. We'll manage without…
Broadcast Nets Panic over Second-Guessing of Obama Administration's Ch
June 10th, 2009 1:50 PM
If you stand in the way of President Barack Obama's agenda, beware because there may be a litany of consequences that could result from your act - regardless if the obstacle is legitimate or not. On June 8, Supreme Court Justice Ruth Bader Ginsburg issued a stay to review an appeal by a trio of Indiana pension and construction funds that own a part of Chrysler's secured debt. They claimed the…
Santelli Blasts Obama's Warning on Taking 'Reckless Risks' as 'Un-Amer
June 9th, 2009 4:52 PM
Should it be the role of the government to determine what amount of risk is appropriate in the private sector? President Barack Obama could have been interpreted as suggesting that much in comments he made about TARP repayments on June 9. CNBC's Rick Santelli responded to those comments earlier in the day from Obama, "that those who seek reward do not take reckless risks." Santelli said on CNBC'…
Santelli Claims Geithner 'Lying to the American People' on Monetizatio
June 3rd, 2009 2:39 PM
With the federal government issuing massive amounts of debt and the Federal Reserve purchasing it in the name of keeping interest rates down, questions have arisen about impact on the U.S. dollar. On June 2, CNBC's "Power Lunch," aired a clip of the network's chief economics reporter, Steve Liesman interviewing Secretary of the Treasury Timothy Geithner. Geithner claimed the Federal Reserve…
Saudi Oil Minister Reprimands CNBC Reporter for Calling OPEC a 'Cartel
May 28th, 2009 1:59 PM
It's the new "C" word according to Melissa Francis, co-host of CNBC's "The Call." Using the word "cartel" to describe OPEC is officially a no- no. Francis, who was on location in Vienna, Austria at the OPEC summit, reported on an exchange between herself and Ali Al-Naimi, the oil minister of Saudi Arabia during the May 28 broadcast of "Squawk on the Street." In an interview, Al-Naimi took issue…
More Trouble at CNBC? Network's Macke Reportedly at Odds with Manageme
May 22nd, 2009 3:32 PM
Is there another shakeup imminent at CNBC? Since the economy has been on the rocks, NBC Universal's financial network has been in the spotlight - political tug-of-war and all. This time, another one of the network's star on-air personalities, Jeff Macke, could be out. Macke had been a cynical, sometimes conservative voice on CNBC's "Fast Money" and in other CNBC and MSNBC appearances, often…
GE's Jeff Immelt: Global Warming 'Compelling'; Cap-and-Trade Most 'Eff
May 20th, 2009 3:17 PM
General Electric (NYSE:GE) is the parent company of the major media conglomerate NBC Universal, which owns media outlets NBC, MSNBC and CNBC. At times that has led to the lines between corporate advocacy and journalism being blurred. That was certainly the case when GE's CEO Jeff Immelt appeared on CNBC's "Squawk Box" May 20 to discuss the White House meeting of President Barack Obama's 16-…
Cramer Claims Stewart Was Trying to Get Him Fired: 'One Day He'll Answ
May 14th, 2009 5:11 PM
Usually when CNBC's Jim Cramer is making headlines, it's for his outrageous antics or over-the-top statements. Not this time. Time magazine's Justin Fox interviewed Cramer asking him questions submitted by readers which was posted on Time.com May 14. Two of those questions dealt with his March 12 appearance on Comedy Central's "The Daily Show." In his answers, Cramer accused Jon Stewart of…
WSJ’s Moore Explains Punitive 90-Percent Bonus Tax Proposal was Dive
May 13th, 2009 5:54 PM
Remember back in March when Congress had the brilliant idea to retroactively tax bonuses paid out by bailed out insurer American International Group (AIG)? The House voted 328 to 93 for the 90-percent tax on the $165 million in bonuses, but it later died in the Senate. Steve Moore, a member of The Wall Street Journal's editorial board, explained on CNBC's May 13 "Street Signs" that the punitive…
Former FDIC Chairman Bill Seidman Dead at
May 13th, 2009 4:32 PM
A truly great American, former FDIC chairman Bill Seidman, died Wednesday at the age of 88.CNBC.com reported moments ago:Mr. Seidman was born April, 29, 1921, in Grand Rapids, Mich. He received his undergraduate degree from Dartmouth College, his LLB from Harvard University and his MBA from the University of Michigan's Ross School of Business.During World War II, Mr. Seidman served in the U.S.…