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CNBC's Cramer and Burnett Wonder if BP and Obama Could Have Handled Spill Better

admin — Fri, 11 Jun 2010 21:40:33 +0000

Jeff Poor

Reports are surfacing that BP is finally considering a suspension of its shareholder’s dividend, but what could have been done differently to avert the public relations nightmare BP is facing? Two CNBC hosts had some ideas about that, and about what could have happened if BP chose not to play ball.

Shhhhhhhh! Dow Loses Nearly 2,300 When Bernanke Talks

admin — Wed, 03 Dec 2008 18:30:54 +0000

Jeff Poor

When Federal Reserve Chairman Ben Bernanke speaks, Wall Street listens – and investors should beware. The Dow Jones Industrial Average (DJIA) has lost nearly 2,300 points on days he has spoken, including three of the worst point losses ever.

Media Error Causes Steep Loss for United Airlines

admin — Tue, 09 Sep 2008 19:19:04 +0000

Julia A. Seymour

Technological glitches can come with a high price tag – as United Airlines found out on September 8.

According to The Washington Post, a six-year-old Chicago Tribune article about the airline’s 2002 bankruptcy was archived without a date on the South Florida Sun-Sentinel Web site.

Morning Show 'Depression' Obsession: Is Today Another 'Black Friday'?

admin — Fri, 27 Jun 2008 14:41:25 +0000

Kelly Brown

NBC’s “Today” show, ABC’s “Good Morning America,” and CBS’s “The Early Show” greeted viewers with depressing news the morning of June 27 – the stock market is struggling – and more epic comparisons.

“If things keep going south, this could be Wall Street’s worst June since the Depression,” NBC co-host Meredith Vieira said at the top of the show. The Dow Jones Industrial Average (DJIA) dropped more than 358 points June 26, about 3 percent of its total.

The Great Media Depression

admin — Thu, 29 May 2008 07:26:00 +0000

Dan Gainor

See Executive Summary

The year was 1929. The decade of the '20s was ending - not with a roar, but with a whimper. Years of a sky-high stock market and speculative buying were coming to a close. The Dow Jones had peaked on Sept. 3 at 381.17 and then began to dive as unknown and prominent companies alike saw their values drop. In a little more than a month, the market lost 14 percent of its value.

The Great Media Depression: Executive Summary

admin — Thu, 29 May 2008 07:23:00 +0000

Dan Gainor

See Full Report

Cramer Admits He Was Wrong on Bear Stearns

admin — Mon, 24 Mar 2008 17:19:47 +0000

Jeff Poor

Finally, we get some clarity from CNBC’s Jim Cramer about his remarks concerning the Bear Stearns fallout.

News Spitzer Might Resign Met with Cheers on NYSE Floor

admin — Mon, 10 Mar 2008 20:49:06 +0000

Jeff Poor

Although the news that New York Governor Eliot Spitzer was involved in a prostitution ring was greeted with shock in most circles, Wall Street had a different reaction.

According to CNBC New York Stock Exchange floor reporter Bob Pisani, the news that Spitzer might resign was greeted with cheers on the floor of the exchange.

A Tale of Two Cramers: CNBC Host Does Complete Reversal on Market Outlook

admin — Thu, 31 Jan 2008 22:40:59 +0000

Jeff Poor

One day, he says the stock market is supposed to drop 2,000 points; two weeks later, nah.

It’s funny how a 125-basis-point drop in the Federal Funds rate in two weeks will change someone from a completely downbeat bear to the most optimistic bull market cheerleader.

CNBC's Jim Cramer Still Down on Fed After Three-Quarter-Point Rate Cut

admin — Tue, 22 Jan 2008 17:04:03 +0000

Jeff Poor

After the Fed made an “emergency” 75-basis-point rate cut the morning of January 22, CNBC’s “Mad Money” host Jim Cramer, who turned from optimist to pessimist, said it was too little too late.

“[T]his is obviously the kind of action I was most fearful of – which is that they would have to go panic and that they would get way behind the curve,” Cramer said on CNBC’s January 22 “Squawk Box.” “But, you know but once they do it, I’m less … I can’t hammer them as much. This is the kind of action if they had done it three months ago, we would have been safe.”

The Medias Top 10 Economic Myths of 2007: Executive Summary

admin — Thu, 06 Dec 2007 23:50:00 +0000

Dan Gainor

Julia A. Seymour

See Full Report

The Medias Top 10 Economic Myths of 2007

admin — Thu, 06 Dec 2007 23:21:00 +0000

BMI Staff

See Executive Summary

10. Airlines are solely to blame for the unfriendly skies.
Media myth: Blame the airlines for all those flight delays; never mind the obsolete government-run agency creating the gridlock.

NPR: The Economy Is Surviving $100 Oil

admin — Wed, 14 Nov 2007 15:54:41 +0000

Paul Detrick

National Public Radio’s “Morning Edition” was one of few outlets to report that the cost of $100 oil hasn’t had the effect on the economy that many people expected, “at least not yet,” cautioned host Steve Inskeep November 12.

CBS Initiates One-Sided Attack on Countrywide CEO's Stock Sales

admin — Wed, 31 Oct 2007 20:56:07 +0000

Jeff Poor

Investing in the stock market is fine if you’re putting money into it, but when you’re profit-taking – that’s when CBS will come after you.

Angelo Mozilo, CEO of Countrywide (NYSE:CFC), decided to sell some of the stock he owns in the company he co-founded 40 years ago and what is now the nation's largest mortgage lender – part of a prearranged measure known as a 10b5-1 trading plan.

What Happens to Companies That 'Go Green'

admin — Mon, 15 Oct 2007 17:20:29 +0000

Jeff Poor

Have you heard the one about the company that “went green” and ended up actually saving money? Sounds great, doesn’t it?

The problem is the connection between the two is less than certain.