Dems’ Wall Street Tax Plans Fall Flat on CNBC

Business
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 expensive things like "free"…
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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…

April Exceeds Expectations, 3.6% Unemployment Lowest Since ’69

Business
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’

Business
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 night.

CNBC’s Santelli Lauds ‘Whopper’ 3.2% Economic Growth

Business
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 quarters excel. This is really…
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Blockbuster 312K Jobs ‘Good for the Economy,’ ‘Working People’

Business
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.
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Rick Santelli: First Two Years of Obama Were ‘A Boot on Business’

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.
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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’

Business
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.

Santelli on First Quarter GDP: ‘Holy Cow! Better Than Expected’

Business
April 27th, 2018 11:39 AM
On-air editor Rick Santelli announced the first quarter gross domestic product (GDP) estimate for CNBC’s Squawk Box on April 27. “Holy cow! Better than expected up 2.3 percent. You know many were thinking, and there’s a lot of reasons to believe so, that it would be a bit under the 2 percent. So 2.3 of course, as follows 2.9 last quarter,” Santelli said.

BET Founder Says Trump Economy Helping Blacks; WaPo Prints 9 Days Late

Business
April 17th, 2018 10:13 AM
Robert Johnson, the founder of BET television and America’s first black billionaire, had some positive things to say about the economy in April, but most liberal media failed to notice. The one national paper to cover it delayed including it in the print edition for more than a week. Citing multiple factors including “fairly stable” interest rates, the “Trump tax cut,” and historically low…

Libs Gripe as Companies Announce Bonuses, After Tax Bill Passes

Business
December 21st, 2017 2:45 PM
Good news for the economy came quickly on the heels of the Republican-driven tax bill. AT&T, Boeing, Wells Fargo, Comcast and others announced employee bonuses or wage increases, additional contributions to training, charitable efforts and facilities, and U.S. investment. Some directly attributed the decision to changes that will affect them in the tax legislation.
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Obama-Era Economist: Tax Reform Bill Will Kill 10,000 A Year

Business
December 4th, 2017 5:16 PM
While liberals made many different objections to the GOP’s latest tax reform plan, one former Obama and Clinton administration economist claims the plan will literally kill. Economist Larry Summers told CNBC viewers the Republican tax bill “would result in 10,000 extra deaths per year.” He appeared on CNBC Squawk Box on Dec. 4, to discuss the Republican tax bill.
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Obama-Era Cheerleader Liesman Downplays Economy's Third-Quarter Growth

December 2nd, 2017 9:41 AM
At CNBC Wednesday morning, just after the release of the government's GDP report, Squawk Box panelist Steve Liesman appeared to do everything he could to downplay the significance, and even the relevance, of the 3.3 percent annualized growth estimate. At the end of the segment, he gave away his ignorance when he expressed outrage that the tax bill currently under consideration in Congress, while…