http://www.freerepublic.com/tag/cnbc/ en-us Fri, 3 Oct 2008 22:28:20 GMT Focus Forum 15 http://www.freerepublic.com/focus/f-news/2097022/posts Congress approved a $700 billion bank bailout Friday, but stocks tumbled as investors worried that the plan wouldn't be enough to stem the credit crisis or keep the US economy from falling into a recession. The House approved the financial rescue plan by a vote of 263-171 and it was quickly signed into law by President Bush. The action ended two weeks of high-stakes haggling in Washington that had roiled global markets. Stocks, which rallied before passage of the bailout, immediately reversed course as investors focused on the economy and credit crisis. The market ended up with its worst week... CNBC http://www.freerepublic.com/focus/f-news/2097022/posts#comment Fri, 3 Oct 2008 22:28:20 GMT http://www.freerepublic.com/focus/f-news/2097019/posts “One-hundred-and-sixty-six academic economists signed a letter opposing the government bailout. In a commentary, one of those economists said the talk of Armageddon was scaremongering,” NBC “Today” host Matt Lauer said Oct. 1. Cramer said the experts didn’t know what they were talking about. “Today” host Matt Lauer had cited a commentary authored by Jeffrey Miron, the director of undergraduate studies for the Harvard University Department of Economics. “‘The current credit freeze is likely due to Wall Street’s hope of a bailout; bankers will – don’t laugh yet – bankers will not sell their lousy assets for 20 cents on the... Business & Media Institute http://www.freerepublic.com/focus/f-news/2097019/posts#comment Fri, 3 Oct 2008 22:23:41 GMT http://www.freerepublic.com/focus/f-news/2095761/posts You've got to love brutal honesty, especially when it comes from the financial media. The Senate's version of a bailout bill, which passed last night by a margin of 74-25, included "sweeteners" - or obscure tax breaks - including benefits for the manufacturer of wooden arrows used in children's toys and another for litigants in the 1989 Exxon Valdez oil spill. Melissa Francis, co-host of CNBC's "The Call," and "Squawk on the Street" co-host Mark Haines called it all "crap" on their Oct. 1 special coverage of the vote on the network. Their description was similar to the one used... NewsBusters http://www.freerepublic.com/focus/f-news/2095761/posts#comment Thu, 2 Oct 2008 14:44:33 GMT http://www.freerepublic.com/focus/f-news/2093656/posts Come with me back through the mists of time.......focus your eyes to see through the haze of the media fog machine.....there it is, The Lost Sarah Palin Interview.Your eyes will mist over as you fondly remember the bright, competent, confident governor who lit a fire in conservative hearts in their darkest hour oh so long ago. Well, it's only been a month but it seems ohhhh so longggg ago.....On Monday, I was in Alaska for an hour-long CNBC special on the oil business and had an exclusive interview with Governor Sarah Palin, selected Friday as Republican John McCain's Vice-Presidential running... Business Week http://www.freerepublic.com/focus/f-news/2093656/posts#comment Tue, 30 Sep 2008 03:20:07 GMT http://www.freerepublic.com/focus/f-news/2093572/posts The shock and awe of the financial market meltdown is just beginning according to CNBC star Jim Cramer. Cramer on CNBC's Sept. 29 "Mad Money" cautioned viewers about the current market. His advice - do nothing because there's more pain to come if no rescue plan makes it out of Congress. As he put it: "sit on your hands." "Only those stocks that are sure enough to pull the trigger on until we get to Dow 8,200 ... I said if the plan failed - only those you should be looking at - looking at," Cramer said. "Today's 777-point drop... NewsBusters http://www.freerepublic.com/focus/f-news/2093572/posts#comment Tue, 30 Sep 2008 01:03:04 GMT http://www.freerepublic.com/focus/f-news/2093313/posts The theory that bailout legislation recently defeated in the House of Representatives would make money for the federal government has been propagated by the financial media. But according to a recent report released by the International Monetary Fund (IMF), a profit is unlikely. The September 2008 report from the IMF stated the chances of the government recouping anything more than just a fraction of the bailout costs is unlikely. Alex Patelis, head of international economics at Merrill Lynch, explained the report and cited history as an indicator on CNBC's Sept. 29 "Squawk on the Street." ..more (w/video).. NewsBusters http://www.freerepublic.com/focus/f-news/2093313/posts#comment Mon, 29 Sep 2008 19:54:20 GMT http://www.freerepublic.com/focus/f-news/2091547/posts 20% Jobless Dow 8,000 (now I know where to get back in) http://www.freerepublic.com/focus/f-news/2091547/posts#comment Sat, 27 Sep 2008 03:19:39 GMT http://www.freerepublic.com/focus/f-news/2087972/posts Last week, CNBC Washington correspondent John Harwood estimated the crisis on Wall Street would benefit Sen. Barack Obama’s bid for the White House but on September 22, he suggested Obama’s race might outweigh that. “[T]his is a fascinating real-time 3 a.m. phone call for these candidates in the middle of an economic crisis,” Harwood said of turmoil that has led to taxpayer-funded bailouts of major financial institutions. “And one of the wildcards for Barack Obama is how do swing voters react to the prospect of the first African-American president. It’s not what they’re used to. Now, when I talked to... businessandmedia.org http://www.freerepublic.com/focus/f-news/2087972/posts#comment Mon, 22 Sep 2008 21:37:24 GMT http://www.freerepublic.com/focus/f-news/2086437/posts "It was sad to see Merrill go down as well," said the voice from inside Lehman Brothers this week as he pondered his own future. "But at least they screwed the shorts. That was good to see."[snip] Yesterday, SEC Commissioner Cox responded to the pressure. The SEC instituted a "Hard T+3 Close-Out Requirement," meaning that short sellers and their broker-dealers must deliver securities by the close of business on the settlement, three days after the sale. It's an answer to previous complaints about the prevalence of so-called "naked" short selling: that is, selling shares that you don't actually have in... Time/CNN http://www.freerepublic.com/focus/f-news/2086437/posts#comment Sat, 20 Sep 2008 10:51:53 GMT http://www.freerepublic.com/focus/f-news/2085384/posts Bill Clinton: McCain 'A Great Man'; Praises Wife's, Not Obama's Economic Plan September 18, 2008 6:33 PM ABC News' Jennifer Parker reports: Former President Bill Clinton has largely kept himself out of the public eye since his wife lost the Democratic primary to Barack Obama. However in a rare television interview tonight the former president called Republican presidential candidate John McCain "a great man" and praised GOP vice presidential candidate Sarah Palin as an "instinctively effective candidate." On a day when Obama sought to convince voters that he's best able to handle the economic crisis, the former president said it... ABC News http://www.freerepublic.com/focus/f-news/2085384/posts#comment Thu, 18 Sep 2008 22:52:53 GMT http://www.freerepublic.com/focus/f-news/2084383/posts The federal government’s intervention and prevention of the collapse of American International Group (AIG) represents an acceptance of Marxist philosophies, according to some CNBC analysts. “They never made the real calls, they never made the tough decisions,” CNBC “Mad Money” host Jim Cramer said on MSNBC’s “Morning Joe” September 17 of financial leaders. “Their ideology was such they believed everyone should own a home including people who were deadbeats and had no right to own a home. They were anti-regulation. Now we have spent $900 billion bailing out these institutions and in a twist on what Nixon said after the... businessandmedia.org http://www.freerepublic.com/focus/f-news/2084383/posts#comment Wed, 17 Sep 2008 16:28:23 GMT http://www.freerepublic.com/focus/f-news/2083998/posts John McCain was interviewed this morning on CNBC's Sqawk Box program about the Wall Street crisis by the lone conservative anchor, Joe Kernan. Kernan, doing everything he could to point McCain in the right direction, fought an uphill battle as McCain was blaming most of the problem on CEO's who had "broken the public trust" and on "unfettered capitalism" in the spirit of "Teddy Roosevelt." McCain managed to blame both parties equally in the mess, refusing to acknowledge that Fannie Mae, Freddie Mac and Lehman Brothers are all much more aligned with Democrats in congress than with Republicans. The Arizona... American Thinker http://www.freerepublic.com/focus/f-news/2083998/posts#comment Wed, 17 Sep 2008 02:33:59 GMT http://www.freerepublic.com/focus/f-news/2080321/posts The fragility of the U.S. banking system puts the country in a more dire position than many people realize according to CNBC “Mad Money” host Jim Cramer. Cramer, in his September 11 “Stop Trading” segment on CNBC’s “Street Signs” told host Erin Burnett the situation puts the United States in danger of “Great Depression, No. 2.” Burnett questioned Cramer’s assertion that banks should be bailed out by the federal government, in turn passing the cost off to the taxpayer. “It’s obvious the bank system is falling apart,” Cramer said. “Let’s save it before it goes to zero.” Here is the... businessandmedia.org http://www.freerepublic.com/focus/f-news/2080321/posts#comment Thu, 11 Sep 2008 21:52:43 GMT http://www.freerepublic.com/focus/f-news/2080247/posts Call this a case of sex, drugs and crude oil. It was recently reported that federal investigators discovered an Interior Department group overseeing the collection of oil and natural gas royalties allegedly had sex with subordinates and customers, engaged in illegal drug use and accepted gifts from oil company employees. Sen. Bill Nelson, D-Fla., appeared on CNBC’s September 11 “Power Lunch” to discuss the story calling it “a very sad occasion.” Nelson also voiced opposition to opening waters off the western coast of Florida for drilling. Immediately following Nelson’s interview, CNBC Media and Technology Editor Dennis Kneale responded. Kneale warned... businessandmedia.org http://www.freerepublic.com/focus/f-news/2080247/posts#comment Thu, 11 Sep 2008 20:28:02 GMT http://www.freerepublic.com/focus/f-news/2079312/posts Donny Deutsch is the host of the CNBC show The Big Idea with Donny Deutsch ... Your Daily Roadmap to The American Dream. Donny is very excited about Sarah Palin. He calls the national debut of Sarah Palin a seminal moment in "the new creation of the feminist ideal". The new feminist ideal includes getting men to wish they were next to you in bed. “She [Palin] talked about energy. Didn’t matter! Today everybody’s running in circles - we want to have her over for dinner. I trust her. I want her watching my kids. I want her laying next... Tammy Bruce http://www.freerepublic.com/focus/f-news/2079312/posts#comment Wed, 10 Sep 2008 20:25:51 GMT http://www.freerepublic.com/focus/f-news/2077642/posts Has America created its own variety of communism with the U.S. Treasury Department’s bailout of two beleaguered government-sponsored enterprises (GSEs), Fannie Mae (NYSE:FNM) and Freddie Mac (NYSE:FRE)? According to Rogers Holding CEO Jim Rogers, the answer is yes. “America is more communist than China is right now,” Rogers told CNBC Europe’s “Squawk Box Europe” September 8. “You can at least have a free market in housing and a lot of other things in China. And you can see that this is welfare for the rich. This is socialism for the rich. It’s bailing out the financiers, the banks, the Wall... businessandmedia.org http://www.freerepublic.com/focus/f-news/2077642/posts#comment Mon, 8 Sep 2008 21:30:37 GMT http://www.freerepublic.com/focus/f-news/2072178/posts Following is the unofficial transcript of a CNBC EXCLUSIVE interview with Vice Presidential Candidate and Governor of Alaska, Sarah Palin on CNBC's "Closing Bell with Maria Bartiromo." During the interview with CNBC's Maria Bartiromo, Palin discusses ANWR, drilling, oil and jobs and energy independence, among other topics. Transcript and video of interview at the source link. CNBC http://www.freerepublic.com/focus/f-news/2072178/posts#comment Mon, 1 Sep 2008 03:39:26 GMT http://www.freerepublic.com/focus/f-news/2071927/posts Alaska Gov. Sarah Palin has exactly the high energy, political toughness, and conservative reform message that would boost Sen. John McCain’s presidential run if Big Mac were to put her on the ticket. In an interview last evening on CNBC, Palin was very clear on her drill, drill, drill message for Alaska and the rest of the U.S., along with her strong supply-side tax-cutting and free-market economic views. She did not shirk from questions about an investigation of her firing the state’s safety commissioner. She told us she has nothing to hide — let them bring it on. Palin is... CNBC http://www.freerepublic.com/focus/f-news/2071927/posts#comment Sun, 31 Aug 2008 19:04:49 GMT http://www.freerepublic.com/focus/f-news/2071269/posts Interview CNBC http://www.freerepublic.com/focus/f-news/2071269/posts#comment Sat, 30 Aug 2008 16:13:53 GMT http://www.freerepublic.com/focus/f-news/2070970/posts Sara Palin interview on CNBC is on now. On Air CNBC http://www.freerepublic.com/focus/f-news/2070970/posts#comment Sat, 30 Aug 2008 02:44:19 GMT http://www.freerepublic.com/focus/f-news/2070742/posts While a lot of the members of the mainstream media were scratching their heads, trying to figure out just who Alaska Gov. Sarah Palin was, CNBC actually came through with an almost immediate positive response. The August 29 broadcast of CNBC's "Squawk on the Street" featured two of the network's prominent personalities analyzing Republican presidential nominee Sen. John McCain's choice of a running mate. "Closing Bell" host Maria Bartiromo and "Kudlow & Company" host Larry Kudlow said McCain's decision was wise. Bartiromo, who was set to feature Palin in an upcoming CNBC special on energy, called the governor a "terrific... NewsBusters http://www.freerepublic.com/focus/f-news/2070742/posts#comment Fri, 29 Aug 2008 20:05:43 GMT http://www.freerepublic.com/focus/f-news/2062417/posts Perhaps the media's Obama lovefest isn't as infectious as previously thought - at least in some corners of the financial media. For the second day in a row CNBC's Michelle Caruso-Cabrera noted low taxes - a conservative economic ideal - trumps those of the left, both economically and politically. Caruso-Cabrera and "Squawk Box" co-anchor Joe Kernan interviewed Douglas Holtz-Eakin, the chief economic policy adviser for Republican presidential candidate Sen. John McCain, on August 15. The day before, the two interviewed Democratic presidential nominee Sen. Barack Obama's senior economic adviser Austan Goolsbee. "You know what I just love, Doug?" Caruso-Cabrera asked.... newsbusters.org http://www.freerepublic.com/focus/f-news/2062417/posts#comment Fri, 15 Aug 2008 16:10:23 GMT http://www.freerepublic.com/focus/f-news/2062054/posts It's not often someone in the media challenges the liberal point-of-view - especially on the issue of taxes when they become a means to redistribute income. CNBC "Squawk Box" fill-in co-host Michelle Caruso-Cabrera wasn't afraid to buck the trend and challenge Democratic presidential nominee Sen. Barack Obama's senior economic adviser Austan Goolsbee. Goolsbee appeared on the August 14 "Squawk Box" to defend an op-ed he wrote for the August 14 Wall Street Journal outlining Obama's tax plan. Caruso-Cabrera invoked the name of Milton Friedman, an economist who was a primary defender of free markets throughout the 20th century. Ironically, Friedman... newsbusters.org http://www.freerepublic.com/focus/f-news/2062054/posts#comment Thu, 14 Aug 2008 23:07:53 GMT http://www.freerepublic.com/focus/f-news/2056446/posts The price of oil continues to plunge – off more than $25 a barrel from its high. Naturally, someone was bound to credit … Democratic presidential candidate Barack Obama. Only one problem, the financial expert who did so is also a recent Democrat donor. Chief Bond Market Strategist Tony Crescenzi, of Miller Tabak + Co., LLC, wrote on the CNBC “Guest Blog” August 4 that “expectations of an Obama win could knock $40 off the oil price.” According to OpenSecrets.org, Crescenzi gave $687 to the Democratic Senatorial Campaign Committee in late 2007 Business & Media Institute http://www.freerepublic.com/focus/f-news/2056446/posts#comment Mon, 4 Aug 2008 21:31:09 GMT http://www.freerepublic.com/focus/f-news/2052737/posts Is there a pro-Obama bias in the media? Only if you at it from a certain point-of-view according to "NBC Nightly News" anchor Brian Williams. Despite allegations of just the opposite, the wall-to-wall coverage of presumptive Democratic presidential nominee Sen. Barack Obama's trip to the Middle East then to Europe wasn't a sign of bias - it was just the media attempting to "educate" according to Williams. Williams appeared on CNBC's "Closing Bell" on July 28 to promote the broadcast of his interview with Iranian President Mahmoud Ahmadinejad to be aired on the July 28 "NBC Nightly News." "Closing Bell"... Newsbusters.org http://www.freerepublic.com/focus/f-news/2052737/posts#comment Mon, 28 Jul 2008 21:34:30 GMT