Networks Panic about ‘Recession’ Signal, Then Ignore When It Reverses
August 20th, 2019 11:40 AM
In just three nights of coverage, ABC, CBS and NBC evening newscasts spent more than 11 minutes talking about the threat of recession and economic worries mostly tied to one economic signal. The main reason for concern was that the yield on a particular short-term versus long-term Treasury bond inverted (generally long-term bonds have higher yields) and spooked investors on Aug. 14. This sent the…
Jim Cramer Tells Media to ‘Dial Back the Hysteria’ on Economy
August 15th, 2019 12:23 PM
Appearing on NBC’s Today show Thursday morning, CNBC Mad Money host Jim Cramer was the voice of calm, telling his colleagues to “dial back the hysteria” over the economy and reassuring viewers that “the markets are up huge.” He called out those in the press, including NBC, that were “sowing panic” about the possibility of a future recession.
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 Cramer…
CNBC’s Jim Cramer Challenges Sen. Warren Over Wealth Tax
February 1st, 2019 3:36 PM
Sen. Elizabeth Warren, D-Mass., defended her call for an “ultra-millionaires” annual wealth tax as “how the system is supposed to operate,” and “part of the social contract” of America in a CNBC interview.
Wait, since when did wealth redistribution and punishing the wealthiest by instituting a new tax to take $2.75 trillion away from them for what they’ve accumulated become part of the “social…
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.
CNBC’s Jim Cramer Boosts Warren’s ‘Novel’ Business Regulations
August 16th, 2018 3:28 PM
Far-left Democratic Sen. Elizabeth Warren has a new plan to regulate the largest businesses and some in the media helped promote it. She published a Wall Street Journal op-ed about her new legislation, the “Accountable Capitalism Act,” on Aug. 14. The very next day, Mad Money host Jim Cramer interviewed Warren about her “Novel way to reward the stakeholders of the enterprise.” He also called the…
Hey, Journalists: Another ‘Blowout’ Jobs Report
April 5th, 2017 3:06 PM
Good things come in threes. This is the third month in a row for a strong jobs report. The question is: Will journalists continue to ignore the good economic news under President Donald Trump? The stock market surged April 5, after news of what CNBC Senior Economics Reporter Steve Liesman called “another blowout” jobs report from the ADP private payroll. According to the report, the private…
CNBC Moderators' Speech Patterns Grade At or Below GOP Candidates'
October 30th, 2015 9:34 PM
People in glass houses shouldn't throw stones. And people who ridicule the level of others' speech patterns should check theirs first.
CNBC didn't do that. Instead, on Thursday, as I noted in a previous NewsBusters post, it childishly rushed out a grade-level evaluation of the Republican presidential candidates' speech patterns during the first three debates, including the Wednesday train wreck…
Liberal Media Differ from CNBC on Diagnosis of Pharma ‘Price Gouger’
September 23rd, 2015 2:25 PM
The left is up in arms over the pharmaceutical CEO who raised prices for a drug mostly used by AIDS patients by more than 5,000 percent, but experts CNBC interviewed said regulatory barriers helped make it possible.
Founder and CEO of Turing Pharmaceutical, Martin Shkreli bought the generic drug Daraprim, which is used for parasitic infections in pregnant women and immunocompromised…
Apple Gets Kid-Glove Treatment After CEO Emails CNBC's Jim Cramer
August 25th, 2015 1:01 PM
It doesn't seem likely that an oil company CEO would get the benefit of the doubt Apple CEO Tim Cook received from the press yesterday after he emailed well-known financial commentator and investment adviser Jim Cramer about his company's performance in China.
In an email read over the air on CNBC, Cook reported that "we have continued to experience strong growth for our business in China…
CNBC Rebuts Obama’s SOTU Statement on Taxes
January 21st, 2015 2:10 PM
During his State of the Union speech, President Barack Obama said he wanted to “simplify” the tax paperwork required for small businesses, but CNBC’s Jim Cramer pointed out that Obamacare is doing just the opposite.
Obama had said during his State of the Union speech on Jan. 20, that a small business owner should be able to file taxes “based on her actual bank statement instead of the number of…
Top 10 Lefty and Media Attacks on Business in 2014
December 17th, 2014 10:04 AM
Although 2014 was an election year, venomous attacks weren’t just in the campaign commercials. Most recently, anti-business attacks came from protesters across the country in the form of #ShutItDown. And there were many other anti-business views presented by the liberal news media, TV programming and left-wing extremists this year.
Attacks on businesses, executives and certain products were…
Farmed & Disingenuous: Chipotle’s Agribusiness Attack Upsets Farmers
February 25th, 2014 3:55 PM
Chipotle says it’s all about “food with integrity.” “Facts with integrity,” not so much. Marketing efforts by the burrito chain once owned by McDonald’s smear many of America’s farmers and use scare tactics to drive consumers away from Chipotle’s competitors.
On Feb. 17, Chipotle released an online original video series on Hulu.com, called “Farmed and Dangerous.” The comedy pits a the…
After Warning Sequester Would Damage Economy, NBC Says Nevermind
May 29th, 2013 5:18 PM
Talking to CNBC Mad Money host Jim Cramer on Wednesday's NBC Today about signs of improvement in the economy, co-host Matt Lauer wondered about past media fearmongering: "[What] we talked about over and over again over the last year was the sequester and whether it would pour a lot of cold water over our recovery here. Has that happened?" [Listen to the audio or watch the video after the jump…