Showing posts with label cnbc. Show all posts
Showing posts with label cnbc. Show all posts

Wednesday, January 26, 2011

Dow 12,000 (almost) Randomosity

  • imageDid you watch the CNBC cast cover the 12,000 benchmark like it was the Super Bowl?  $$
  • The reason du jour?  President Obama (not pictured)!  "The speech last night created a more business-friendly environment," said Michael Sheldon, chief market strategist at RDM Financial Group. "He emphasized working with businesses to promote investment and jobs, whereas a year ago the White House was criticizing financial institutions."
  • I know my right-wing talking points like the back of my hand:  Investment = government spending.
  • …Hulu management has discussed recasting Hulu as an online cable operator that would use the Web to send live TV channels and video-on-demand content to subscribers, say people familiar with the talks. The new service, which is still under discussion, would mimic the bundles of channels now sold by cable and satellite operators, the people said.
  • imageI know my talking points here, too:  Pay up, consumer.
  • Did you read where Dallas taxis are going to boycott the Super Bowl because Natural Gas cabs get to move to the front of the line?  Call me a communist, but I think it makes a bunch of sense to move America’s vehicle fleet to natural gas. We have a ton of the stuff.  It burns cleaner.  And we’d send less money to foreign countries that hates us.
  • The TV Audience was smaller for President Obama’s 2nd state of the union.  I think everyone was at the Cheesecake Factory last night.  Seriously.  It was packed.  Anyway, 43 mil saw the Big O last night, compared to 48 mil last year.
  • I know my left-wing talking points here: George W. Bush stole their TVs.
  • Yes, this is a picture of the very beautiful and talented Michelle Malkin.  Bikini. Swimsuit. Lingerie.  Smoking.  Fact check.  Snopes. 
  • I know my buzzword talking points, too.  Er, talking points memo.

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Site notes:  I think the move to the new website domain is complete.  If you’re still going to thelearningcurve.blogspot.com, you will be redirected here to themoneygoround.com.

Tuesday, March 31, 2009

Quick Hit - Rick Santelli vs. Arianna Huffington

Rick Santelli and Arianna Huffington faced off on CNBC's Squawk Box today.

Santelli, "I think we have only one responsibility - we need some good regulation and the best regulation that I think I've ever heard is failure. If you take failure out of the system, all other regulations really don't do very well."

Amen.

Click the link for more...

Friday, March 13, 2009

CNBC's Jim Cramer Responds

I don't subscribe to Realmoney, theStreet.com's paid site. I used to, but with the amount of financial commentary on the web these days, it's not a must-read for me anymore. But Jim Cramer (not pictured) writes a blog at Realmoney, and after last night's appearance on Jon Stewart's Daily Show, Cramer blogged back (excerpt at Hullabaloo). Draw your own conclusions.

CNBC has been taking a lot of flak lately. I think many financial types have been complaining about the network for quite awhile, but now that the country is in a horrible bear market and some of the hosts (Cramer and Rick Santelli) have been criticizing Obama, the network is on the national stage.

CNBC has guests on who voice their opinions. It's only natural that mutual fund managers are bullish. Their mutual fund charters demand that they be fully invested all of the time.

Corporate CEOs are also always cheerleading their company. Selling and marketing their business is part of their job descriptions. We're never going to see a CEO who says "Boy, we're sucking wind and cooking the books to make it appear as rosy as possible." Won't happen. Their stock would dive and they'd lose their job. The board of directors would fire them.

I still watch CNBC. Especially around the market open. But I flip to Fox Business News quite a bit. Much more sincere, calm and rational, with less corporate cheerleading. Emphasis on the "less" part of that last sentence.

Daily Show: Jim Cramer vs. Jon Stewart

After weeks of back and forth between CNBC's Jim Cramer and the Daily Show's Jon Stewart, Cramer visits Stewart's show and gets smacked around a bit.