CNBC
Media Darling Warren Buffett Decries Obama’s Windfall Profits Tax
June 25th, 2008 4:39 PM
In the past when Warren Buffett has spoken out the "super rich" needing to pay a higher tax rate, the media have hung on his every word. But, now that he has spoken out against a windfall profits tax on oil, will they notice? Buffett said he disapproved of the windfall profits taxes in an interview with CNBC's Becky Quick on "Power Lunch" on June 25. "I think it is very hard to have windfall…
Caruso-Cabrera's Snowball in Hades: 'Europe's High Gas Taxes Pay for O
June 20th, 2008 7:24 AM
Not a mere hell-freezes-over-moment. Call it–in honor of Chinese Olympic diving which made the NY Times today–a a triple-twisting forward three-and-a-half flying pig, pike position. An MSM reporter has condemned socialist big-government programs, adding a pitch for unrestrained free-market forces. Check the end of this item for a factoid making the moment even more remarkable.CNBC's Michelle…
CNBC Hypes California Gay Marriage as an Economic Salvation
June 17th, 2008 9:18 AM
Pushing a liberal social agenda is the last thing you'd expect to see on CNBC's "Squawk on the Street." But the network's June 16 mid-morning show featured a segment praising the California Supreme Court for legalizing same-sex marriage because of a predicted economic benefit. "This time around, one study expects over 100,000 gay couples will tie the knot, providing a boost to California's…
'GMA' Features Professor Who Blames Greenhouse Gases for Current Heat
June 9th, 2008 5:29 PM
Think it's hot outside? "Good Morning America" wants you to think it is your fault - at least that's why an expert featured on the June 9 show told viewers it is hotter outside. Stanford University professor Dr. Stephen Schneider said that methane and carbon dioxide in the atmosphere are making hot temperatures even hotter. "While this heat wave like all other heat waves is made by…
CNBC Analyst Blames Israeli Minister’s Comments for Oil Price Spike
June 6th, 2008 1:50 PM
Today's dramatic $6-a-barrel spike in oil has been blamed on a couple of factors - a forecast by Morgan Stanley (NYSE:MS) claiming oil would hit $150 a barrel by July and a weakening dollar off news unemployment increased half a percent for the month of May. But CNBC contributor John Kilduff, who is also the vice president of risk management for MF Global (NYSE:MF), told viewers on the June 6…
Mika Doubts Americans Care About Winning in Iraq
June 2nd, 2008 8:38 AM
OK With Losing In Iraq? Vote Dem! Not sure that would be a winning campaign slogan for Barack Obama, but on today's Morning Joe, Mika Brzezinski expressed skepticism as to whether Americans really care about winning in Iraq. Mika made her comments in the course of touting Frank Rich's NYT column of yesterday [on which I commented here]. Brzezinski was clearly eager to make her point: after…
Despite Media, Buffett Recession Obsessions, 1Q Growth Revised Up
May 29th, 2008 10:05 AM
Matching predictions from Reuters and Bloomberg, the government's Bureau of Economic Analysis told us this morning that the economy grew at an upwardly-revised annualized rate of 0.9%. As I've said frequently, this is nowhere near acceptable. But it sure as heck isn't a recession.Initial reaction to the news by the Associated Press's Jeannine Aversa was unfortunately predictable (bolds are mine…
Matthews Disses Dittoheads: 'Manipulable
April 30th, 2008 5:53 PM
Dittoheads, you've been dissed. Chris Matthews has dismissed you as "manipulable"— mind-numbed robots, you might say. CNBC's John Harwood seconded the snub. It happened on this evening's Hardball as Matthews mused about the potential impact of Operation Chaos on the upcoming primaries.CHRIS MATTHEWS: How much of a move do you hear, John Harwood, the so-called Operation Chaos is going to play…
CNBC on the Future of Network Newsgathering: 'That Ship has Sailed
April 8th, 2008 12:32 PM
It's no longer profitable for networks to have their own news organizations, according to CNBC's David Faber. In the wake of the news that CBS is in negotiations to outsource its news division to CNN, Faber explained on CNBC's April 8 "Squawk on the Street" CBS's news division is a victim of an evolving business. "The news that CBS is once again considering a deal under which it would…
Cramer: 'I’ve Had a Lot of Death Threats
April 3rd, 2008 4:05 PM
Coming off his April 2 interview with Democratic presidential hopeful Sen. Hillary Clinton (D-N.Y.) on his show "Mad Money," CNBC's Jim Cramer told "Squawk Box" his job entails some hazards. "You know, look, obviously I've had a lot of death threats," Cramer said on CNBC's April 3 "Squawk Box." "They're actual death threats. And, you go to the state police and the state police go to the local…
More Cramer Outlandishness - 'The American Public Don’t Know Jack
March 24th, 2008 3:28 PM
Do you think the federal government guaranteeing $29 billion in a loans for JP Morgan Chase to take over Bear Stearns is a good idea? It really doesn't matter what you think, according to CNBC's Jim Cramer. Cramer defended the move by the Fed from any potential public scrutiny on CNBC's March 24 "Squawk on the Street." "The American public don't know jack," Cramer said in response to a…
Doh! Cramer Told E-Mailer to Hold Onto Bear Stearns Stock a Week Ago
March 17th, 2008 1:11 PM
He'd probably like to take this comment back, but then again there are probably many things CNBC "Mad Money" host Jim Cramer has said that he'd like to take back. In a response to an e-mail posted on his Web site on March 11, Cramer said Bear Stearns (NYSE:BSC) wasn't in trouble and advised the writer to keep his money in the investment bank: "Dear Jim: Should I be worried about Bear Stearns…
Cramer Verklempt Over Spitzer
March 12th, 2008 8:25 AM
Jim Cramer is known for wearing his heart on his sleeve. But the host of CNBC's "Mad Money" normally lets his emotions show over matters financial. In August, for example, he went ballistic at Ben Bernanke, pleading with the Fed chairman to lower interest rates in the face of widespread home foreclosures.This morning, however, Cramer got verklempt not over the discount rate but at the falling…