stockmarket

NBC's Curry Warns Minuscule Spending Cuts in Debt Deal Could Harm Economy

Wed, 03 Aug 2011 18:35:00 +0000

Kyle Drennen

Appearing on Wednesday's NBC Today, CNBC Mad Money host Jim Cramer blamed the debt ceiling standoff for stocks falling on Wall Street: "All people can talk about is the whole slow down that Washington triggered, the 'manufactured crisis,' as the President mentioned..." Co-host Ann Curry wondered: "To what degree did the spending cuts called for in this bill have an influence in this perception?"

To Ann Curry's Surprise, CNBC's Jim Cramer Rejects Obama Fearmongering

Tue, 26 Jul 2011 20:55:00 +0000

Kyle Drennen

On Tuesday's NBC Today, co-host Ann Curry touted President Obama trying to scare the American people into supporting his debt ceiling plan: "He called for public activism, so much so that we hear that Capitol Hill web sites were crashing last night because so many people were trying to e-mail their representatives. It looks like he spooked main street...will he also spook Wall Street?"

CBS's Jarvis Laments Lack of 'Political Will' for More Stimulus, Cheers Government Intervention in Economy

Wed, 06 Oct 2010 20:36:00 +0000

Kyle Drennen

Appearing on Wednesday's CBS Early Show, business correspondent Rebecca Jarvis expressed disappointment in the lack of a new stimulus package, but hoped for other government action: "...while the government doesn't necessarily have the political will or the motivation to put a new stimulus into effect here in the United States, the Federal Reserve is prepared to step in and do that."

Kudlow Calls Tea Parties Bullish for Economy: 'Don't Believe the Mainstream Media'

admin — Thu, 16 Sep 2010 14:41:20 +0000

Jeff Poor

The Media Research Center isn’t the only ones out there telling folks to be wary of the media and its coverage of the Tea Party movement.

Bartiromo: GOP-Controlled House 'Most Important Near-Term Catalyst' for Economy

admin — Tue, 07 Sep 2010 15:25:28 +0000

Jeff Poor

As the not-so “recovery summer” draws to an end, many are scratching heads, wondering what it will take for the economy to pull out of this recession.

According to Maria Bartiromo, host of CNBC’s “Closing Bell,” it will be political change in Washington, D.C. In an appearance on NBC’s Sept. 7 “Today,” she said the best stimulus would be a Republican-controlled House of Representatives.

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.

Cramer: Health Care Passage 'Will Topple the Stock Market'

admin — Fri, 19 Mar 2010 12:35:50 +0000

Jeff Poor

While a vote on health care reform legislation appears to be imminent, should it pass it could have broader economic implications, even if the bill itself won’t take effect for some time.

As CNBC “Mad Money” host Jim Cramer predicted – if it passes, get ready to see a sell-off on Wall Street. Cramer appeared on CNBC’s March 18 “The Kudlow Report,” with his former broadcast partner Larry Kudlow. Kudlow asked Cramer to elaborate on his theory ObamaCare could send the financial markets reeling or “topple the stock market,” as Kudlow described it.

Cramer Rips Obama's 'Lurch Toward Populism'

admin — Tue, 26 Jan 2010 13:28:33 +0000

Jeff Poor

It was initially thought the election of President Barack Obama was just going to hit your pocketbook in the form of higher taxes. But if the past several days are any indication, the president has found another way to hit it – by attacking your stock portfolio.

On CNBC’s Jan. 25 “Mad Money,” host Jim Cramer advised his views to be aware of this and to strategically position their stock portfolio with an eye on Obama and Washington’s expanded role in the private economy.

USB's Cashin: Market Conditions 'Reminiscent' of Lead Up to 1987 Crash

admin — Fri, 11 Sep 2009 18:51:29 +0000

Jeff Poor

The Dow Jones Industrial Average (DJIA) has climbed nearly 45 percent since hitting a March 9 low. The S&P 500 (S&P) is up nearly 53 percent. And the NASDAQ (NASDAQ) has soared a whopping 61 percent since the March bottom.

Obama Sinks the Markets

admin — Wed, 11 Mar 2009 04:00:00 +0000

On March 3, President Obama said something remarkably stupid, wrong and politically tone-deaf.

L. Brent Bozell III

On March 3, President Obama said something remarkably stupid, wrong and politically tone-deaf. Our Obama-loving media either ignored it - or actually quoted it without comment. He claimed "The stock market is sort of like a tracking poll in politics. It bobs up and down day to day and if you spend all your time worrying about that, then you're probably going to get the long-term strategy wrong."

Newsweek's Gross on Blaming Obama for Lack of Market Confidence: That's 'Absurd'

admin — Fri, 06 Mar 2009 19:14:02 +0000

Jeff Poor

Another day into the new era of Obama in Washington, D.C. and it’s another down day for the stock market.

Since President Barack Obama took office on Jan. 20, the Dow Jones Industrial Average (DJIA) has lost more than 1,000 points. The cover story of the March 9 issue of BusinessWeek contemplated Obama’s role in this. However, Ben Steverman, a reporter for BusinessWeek said the mantra “Hope and Change” may have set the bar too high for the new president.

CNBC's Macke: Not Buying 150-Point Rally, Obama Holding Dow Back 2,000 Points

admin — Thu, 05 Mar 2009 16:11:59 +0000

Jeff Poor

Finally after five straight down days for the Dow Jones Industrial Average (DJIA), it rallied back 149 points to finish at 6,875 on March 4.

NY Times Columnist Says Saving Banks Will Take another Trillion

admin — Thu, 22 Jan 2009 16:49:59 +0000

Matt Philbin

It might be time to bail out the bailouts. That’s what New York Times columnist Andrew Ross Sorkin said on ABC’s “Good Morning America” Jan. 22.

Co-host Diane Sawyer asked Sorkin about the inauguration day stock market plunge and then its Jan. 21 bounce. Sorkin told Sawyer that on inauguration day, investors were responding “to the realization that the banks actually may be bankrupt. I hate to be the bear on this, but I think there’s a new realization that has come back to haunt us, which is that we really have to fix this system all over again.”

Dear NY Times: Hero's Impact on Stock No 'Coincidence'

admin — Mon, 19 Jan 2009 15:55:38 +0000

Donald J. Boudreaux, Ph.D.

Editor, The New York Times

229 West 43rd St.

New York, NY 10036

To the Editor:

The Media's Top 10 Worst Economic Myths of 2008

admin — Thu, 11 Dec 2008 20:40:45 +0000

Julia A. Seymour

Paul Detrick

Each year the Business & Media Institute looks back on the year's news and selects the top 10 worst economic myths. Here is our 2008 list:

10. Capitalism is dead or dying.

9. Gas at $4-a-gallon, blame the oil companies.

8. Fannie’s failure

7. Barack Obama sends stocks soaring, but not sinking.

6. Alternative energy: All gain, no pain

5. The economy has a fever and the only prescription is more bailouts.

4. Attack of the Killer Tomatoes

3. Oil prices will skyrocket to $200 a barrel, gas to $15.