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 it and maybe some day they’ll all get their wish,” Santelli said.
It’s working. President-elect Donald Trump’s talk of lowering corporate tax rates and reducing regulation is already helping the economy, according to New York Stock Exchange (NYSE) Group President Tom Farley. Farley shared his views on the economy and the causes of the recent stock market rally with CNBC’s Squawk Box on Jan. 18. Squawk Box anchors interviewed Farley live from Davos, Switzerland, during the 2017 World Economic Forum meeting.
MRC Vice President of Business and Culture Dan Gainor ripped the liberal media for its anti-Trump, pro-Clinton bias. “There is no neutrality at The New York Times,” Gainor told After the Bell host Dan Asman before pointing out the double standard in how differently the Times covered Democratic and Republican presidents.
Tuesday on CNBC, Microsoft co-founder and multibillionaire Bill Gates recounted a conversation he had with Donald Trump a couple of weeks ago. He had fairly nice things to say about both the conversation and the potential of the incoming Trump administration. Naturally, neither the Associated Press nor the New York Times found these elements of the CNBC interview to be newsworthy.
Squawk Box host Joe Kernen blasted the “mainstream media” as the election loser saying certain outlets should accept humiliation. “The mainstream media is a loser in this and not just in trying to analyze what was happening but trying to influence and affect what was happening,” Kernen said on Nov. 9.
Ever since WikiLeaks began releasing once-private messages from Hillary Clinton campaign chief John Podesta, people have had even more hard evidence of the mainstream media’s support for and collusion with Democratic Party operatives and campaigns.
One recent example shows CNBC’s Becky Quick -- the co-host of the channel’s popular show Squawk Box and a co-moderator with John Harwood at a 2015 Republican primary debate -- promising to support Sylvia Mathews Burwell, who had just been named the secretary of the Department of Health and Human Services.