Warren Buffett in ‘Sympathy’ with Sanders, Would ‘Vote’ for Bloomberg
February 24th, 2020 3:36 PM
Liberal billionaire Warren Buffett, who’s been fairly quiet this election cycle, took to CNBC to weigh in on the Democratic primary races. As it turns out, even The Billion-Dollar King of Abortion found self-proclaimed socialist Sen. Bernie Sanders (I-VT) too left-wing.
Jim Cramer Criticizes MSM for Hyping Strong Xi Jingping Hand on Trade
November 29th, 2019 7:18 AM
For months the mainstream media has been portraying China's President Xi Jingping as having a much stronger hand than a supposedly weaker President Trump in the current trade war. However, CNBC's Jim Cramer wasn't buying that at all on Monday's Squawk Box. In fact he was very critical of the American press for the way they have been reporting this situation even going so far as to…
CNBC's Jim Cramer: 'The Only People Talking About a Recession Are Us'
September 8th, 2019 7:28 PM
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,"…
Feel the Bern? CNBC Hammers Sanders Adviser Over Democratic Socialism
June 14th, 2019 3:56 PM
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…
Shark Tank Star Destroys Sanders' $15 Minimum Wage Proposal
June 7th, 2019 3:52 PM
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…
Dems’ Wall Street Tax Plans Fall Flat on CNBC
May 24th, 2019 10:57 AM
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…
Jim Cramer: Talking Heads Fail to Understand China Trade War
May 18th, 2019 10:22 PM
We are currently hearing a lot of doom and gloom about the trade war with China from the media talking heads, particularly on MSNBC and CNN. Their big claim is that President Donald Trump has put the United States at a disadvantage by raising tariffs on Chinese goods in an effort to get China to lower their tariffs and other barriers on American exports to that country. However, CNBC's Jim…
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…
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…
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 Host Struggles to Find Bad News in Great July Jobs Report
August 3rd, 2018 4:40 PM
Sarah Eisen, co-host of CNBC's Squawk on the Street tried to spin negativity in a hugely positive July jobs report. Despite her lame attempt, it largely failed due to the overwhelming positive numbers of the report which revealed an unemployment rate of only 3.9%.
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.