Is it me or do the hosts on CNBC basically give oral to every guest they have? When is the last time someone was asked a hard-hitting question on this station? Becky Quick is in love with Warren Buffett, the only guy that would give you a real answer if you pressed him, Maria Bartiromo is in love with herself, Mark Haines used to ask a tough question, Joe Kernen is the class clown and Carl Quintanilla is persona non grata. This leaves David Faber as the only real reporter the network has left. 
Is it because CNBC is owned by GE that they pussy foot around the tough interview? Or is it because they don’t have a journalist among them willing to get their hands dirty anymore? I mean the sky is falling and right now they are talking about stocks surging due to the government stability plans. Forget the fact that Morgan Stanley and Wachovia are about to collapse unless they merge, WaMu is preparing itself for a takeover, and jobless claims are shooting through the roof. Everything is fine!!!
Where did all the journalists go?
The only two people on this channel that get into it are Steve Leiesman and that blowhard Rick Santelli….and they only fight with each other. Cramer rocks but they keep him on a leash and only let him loose after rolling a giant disclaimer that his opinions are his own. Well Christ, someone should have one and someone should have the balls to say when something is wrong. I am afraid CNBC has become a country club for business journalists and the CEOs they cover. Don’t go too far and we will keep giving you interviews.
But what’s the alternative?
Fox Business News? I can tell you I have never watched it, so I guess CNBC is as good as it’s going to get. That is until I can get them all working here at Blabrmouth, then we will have real reporting, with real questions that get answers!
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I think I’ve got it figured out, and it’s not just CNBC. The key is when they are done reporting and they run a pharmaceutical commercial. Under no circumstances would they be critical of say, Lunesta, when they are about to run a commercial for it.
Journalism is dead because they can’t speak candidly for fear of upsetting the source of their paychecks.
@ Rooster-I don’t disagree, but Journalism 101 tells you to keep the talent away from the sales people. I mean, the Wall Street Journal ripped companies all the time and still took their advertising money. I think because there isn’t any real competition, there is no need to be hard-hitting. Absolute power corrupts absolutely!
Thanks for stopping by!
What else. NBC and sister affiliates must stick the same talking points and political positioning. They have much at stake. NBC, MSNBC, CNBC. NBC, MSNBC are the political machine and their bias is clear. However, CNBC financial positioning from October 2007 until now is very telling.
Considering that 60% of Americans are exposed to the market through 401k plans; why did CNBC continued to mislead individual investors while wealth fled to safety? Close monitoring of CNBC from October 2007 till now would be a huge story. Media Bias, influence peddling under the guise of financial news. What a powerful entity the ability to shape political and financial perceptions in direct contrast to reality.
If someone only had the time to watch a years worth of CNBC and connect the dots…. Wow
@Dane-The flight to safety while America watched is a good point! I just want to know what happened to journalism? What happened to the tough question? What happened to wanting to break a story?
The journalistic traditions of prior generations have been bulldozed. Modern journalism and media have adopted let say a more global view. Tough questions may lead to over stimulation of the brain. Such over stimulation may lead to individual thought. Which could tear the fabric of journalistic integrity and their global value system. Oh the humanity!
@Dane-News moves too fast to be digested at palatable bite size pieces. It is the proverbial drinking from a fire hose and traditional news outlets don’t get that. Hence, NYT is ready to fall off a cliff any second! Thanks for stopping by!
I’m with you here. Only a few talking heads I really like.
I love Santelli! He might be a bit confrontational or long winded, but I love it anyways. He makes a somewhat complicated CBOT seem a bit more clear to a simple stock trader like myself.
Dylan Ratigan is probably my fav “reporter”. He’s called the financial crisis very well, and been uniquely critical of various financial firms and CEOs.
Folks like Bartiromo and Quick are teleprompter readers only. Only real value there is from the writers and producers behind the scenes. Hanes sometimes puts in a good question, but only during CEO interviews.
Unfortunately, CNBC is televised conservative talk radio; the show caters to pricipals completely out of step with reality. The show continue to take a CEO “down” approach to the economy without a second thought to a rotting economic infrastructure. Simply put, wages in this country has remained flat or there has been a real decline for many years. If I can’t pay cash for goods and services, I will borrow to finance them. When I can no longer make the payments, I probably can no longer afford other goods and services. With the manufacturing base of this country in the toilet, decent wages was flushed with them. The spiraling down of the economy is due, simply put to greed.
I wish CNBC could come down from the board room and start dealing with basic economics. Our ever accelerating service economy cannot sustain the profits shareholders demand or the wages CEO’s receive.
Today CNBC posed the question, ….“What has happened to American Capitalism….” Keep in mind thatthe day before they trotted out their paying show ponies to inform us that emrging markets will bear positive returns in the coming years.
After I caught my breath and picked my jaw up from the floor. I thought this is very easy to answer. However, I thought that at least there should be an attempt to answer this very easy question to answer without at least acknowledging the following.
1 – The people of this great country have mandated that American corporations, small business, and citizenry incorporate clean energy, conservation and do all effort we can to make our planet a better place to live.
Emerging markets have not. They are increasing their fossil fuel initiatives and curtailed environmental policies related to disposal of contaminated waste into the ground and watersheds. This is the JDIOTBD, (just dump it out the back door initiative). The related cost reductions will enable them to overcome the shipping costs of their products to America and keep the lowest price point to overtake competing American companies. You have to give it to them; they have adopted a capitalistic model. Unfortunately it is the model that America had in the beginning of the industrial age. No labor laws, environmental regulations etc.
The answer to the question is ……. Capitalism is alive and well in America. To keep it we must consider it a national security issue. We are in the fight of our lives and our hands are tied before going into the ring with the emerging market competition. Which begs other questions…
Is the integrity of the global economy more important than the livelihood of the American people? If the answer is no than is it too much to ask that we consider, at lest for now, consuming products from corporations that have their domicile in America? Or should we be martyrs for the global economy?
@Dane-I have been screaming from the rooftops that the U.S. needs to rebuild the manufacturing sector, and they should start with the autos. I know that is not a popular opinion, but the bailout should come with stipulations, and it should require green tech as well as oversight (I know, I know) to continue to get the checks.
We should be looking after America first but I think part of that philosophy is what got us in trouble over the last eight years. Or was it that Bush was just a dope?
Mr. Barr: CNBC breaking news flash dominating their brodcast today. Mark Cuban! Trillions of wealth lost and the best scapegoat they can find is Mark Cuban and Martha Stewart. What drugs are these people on?
@Dane Johnson-Because Cuban and Stewart are sexy compared to some putz running a bank into the ground! Meanwhile Erin is on location freezing her ass of in Russia!