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Is Central Planning About To Cost The Jobs Of Your Favorite CNBC Anchors?

Tyler Durden's picture




 

Something funny happened when last August CNBC hired access journalist extraordinaire Andrew Sorkin to spiff up its 6-9 am block also known as Squawk Box: nothing. At least, nothing from a secular viewership basis, because while the block saw a brief pick up in viewership driven by the concurrent (first of many) US debt ceiling crisis and rating downgrade, it has been a downhill slide ever since. In fact, as the chart below shows, the Nielsen rating for the show's core 25-54 demo just slid to multi-year lows. And as NY Daily News, the seemingly ceaseless slide has forced CNBC to start panicking: "CNBC insiders tell us executives at the cable business channel are “freaking out” because viewership levels are down essentially across-the-board, particularly with its marquee shows, “Squawk Box” and “Closing Bell." “Their biggest attractions have become their biggest losers,” says one TV industry insider familiar with the cable channel’s numbers. According to Nielsen ratings obtained by Gatecrasher, from April 2011 to April 2012, “Squawk Box” is down 16 percent in total viewers and 29 percent in the important 25-54 demographic bracket that advertisers buy." Yet is it really fair to blame the slide of the morning block's show on just one man?

As a reminder, Sorkin was never the type of personality that CNBC needed: his background was one always best suited to a print medium, where he would be (ab)used by bigger financial interests (at a far slower paced news cycle) who would leak information to him when the time was right. No understanding of the big, or little, picture was required (and none was ever imputed): merely continued "access" (think Wall Street and Blue Horseshoe) which could be gained in exchange for promises of amicable 'profiles' in the occasional infinitely biased non-fiction book. As such, anyone who truly penned their hopes of a rating reincarnation on an access journalist likely needs to be fired. He was not the flamboyant, blonde, mini skirt-clad, eye candy that the bulk of traders who watch the morning block, most of them on mute, are looking for.

Yet the collapse in CNBC ratings goes to a deeper issue.

Because while the cyclical shifts in CNBC viewership are macro event driven, the unmistakable secular decline indicates that just like loss of faith in capital markets by retail investors (last week the ICI reported the biggest weekly outflow from US equity markets in 2012), manifesting itself in a crippling collapse in trading volumes, which in turn is forcing banks to fire traders and salespeople left and right, secondary derivatives of this phenomenon are impacting the financial media, just like CNBC.

But the biggest irony is that it is precisely the same central planning cheerleading that one hears on CNBC day in and day out (look no further than Bob Pisani and Steve Liesman) which is the silver bullet that has been fired right at the head of the Comcast/GE-owned financial station. Because as Artemis Capital showed previously, equity vol collapses whenever the Fed is busy intervening and manipulating the capital markets. This in turn kills the speculative mania that drives an interest toward stocks, and the only entities that can trade in this type of vol vacuum are the appropriately named vacuum tubes: as Zero Hedge first showed three weeks ago, the percentage of electronic trading in markets is now nearly 90%. But this, and everything else, is merely a symptom of one underlying cause: endless central planning intervention by central bankers who now have sole control over the stock market. Who in their right mind would want to participate? And yet this new normal "vol to zero" regime is precisely what CNBC is cheering day in and day out.

One wonders: does CNBC grasp that it is cheering for its own demise? We doubt they are that stupid: they must. So then the real question is: whereas Zero Hedge at least is openly against central planning and is demanding a return to normalcy, yet we realize that this will not happen until after a systemic crash so vast that the status quo is wiped out and a fresh start is mandated, is CNBC not the ultimate agent provocateur: on one hand egging on the failed status quo regime (we all know who their main sponsors and advertisers are), and on the other praying and hoping quietly each and every day for a market collapse which will at least return some of their viewers?

Because just like markets are worthless without participants, so CNBC without viewers is a whole lot of ads with nobody caring about opening a Lind Waldock account (sorry, too soon?). And a victory for the bulls is no victory if no bulls are watching.

Yet just like with dying capital markets whose symptom is being misdiagnosed by regulators day after day, so CNBC will likely blame the collapse of its Squawk Box ratings on the wrong guy, until finally Sorkin is fired. But sadly, for all the wrong reasons.

 

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Tue, 05/01/2012 - 22:00 | 2389930 phungus_mungus
phungus_mungus's picture

They should of paid Erin Burnette enough money to stay, installed a stage and let her pole dance from 6 to 9am

Tue, 05/01/2012 - 22:39 | 2390056 knukles
knukles's picture

I'd have that on the full 3 hours, muted, massaging my prostate.
Damn....

Tue, 05/01/2012 - 23:21 | 2390160 Hulk
Hulk's picture

Criminy, thats a visual I didn't need...

Tue, 05/01/2012 - 23:50 | 2390231 Augustus
Augustus's picture

Erin Burnett would have been more interesting to watch if her boobs projected further than her nose.  She could pop off with some nutty comments occasionally though.

Tue, 05/01/2012 - 22:01 | 2389934 pan
pan's picture

You bitchez still watch TV?

Tue, 05/01/2012 - 22:48 | 2390084 Tijuana Donkey Show
Tijuana Donkey Show's picture

I would if that bitch wuz on da pole! I'd throw dollaz at the TV

Wed, 05/02/2012 - 08:15 | 2390679 WaterWings
WaterWings's picture

+1

There it is.

Wed, 05/02/2012 - 15:06 | 2391897 Cathartes Aura
Cathartes Aura's picture

not only do they watch, they wank to "financial news" - that's hardcore monkey right there.

fkg sad.

Tue, 05/01/2012 - 22:01 | 2389935 dark pools of soros
dark pools of soros's picture

can't the bots bring up viewership?? aren't they all watching

Tue, 05/01/2012 - 22:02 | 2389938 junkyardjack
junkyardjack's picture

Instead of Sqwuak box maybe they should have a new show called Race Wars.  First topic, "Justice for Treyvon."  Second topic, "Oh so now the Mexicans think they are too good for the US, huh?" Ratings would soar in the unemployed midwest that makes up the 6-9am viewership

Tue, 05/01/2012 - 22:41 | 2390065 knukles
knukles's picture

"Oh so now the Mexicans think they are too good for the US, huh?"

Epic.

Tue, 05/01/2012 - 22:05 | 2389947 Nid
Nid's picture

Oh, and Sorkin sucks for certain, but so do 90% of the other idiots on the network....including those zany, wacky "traders" on fast-money. But it's hard to believe that the new all-Cramer-all-the-time bullshit hasn't chased off viewers (short of frat boys who've yet to burn through all of daddy's money)

Wed, 05/02/2012 - 07:01 | 2390556 Waterfallsparkles
Waterfallsparkles's picture

I also cannot stand Cramer all the time either.  He is like a Jack in the Box.  He just keeps popping up all day long when you least expect it.  He even crashes other peoples shows when they say someting that is contrairy to his investments.

First I would have him tested for Drugs.  He is definatly on something that makes him hipper.  Acts like he is Manic Depressive.

Plus, if he wants to be a commentator on CNBC he should have to give up his so called "Chairtable Trust".  It is a conflict of interest as he pumps the stocks he holds in that so called Trust all day.  I also would investigate how much Money he gets out of the Trust thru Management Fees or Money directed to his immediate Family.

His ownership of the Street. com is also a conflict as if the Street.com is investing in Stocks he would also get a cut of the profits because of his Ownership.  He should not be able to have any affiliation with Stocks, "Chairtable Trust" or not, or Ownership in a Company that also reports and invests in Stocks.

Wed, 05/02/2012 - 10:07 | 2391002 CoolBeans
CoolBeans's picture

With Cramer:  Its as if they think "crazy" will attract viewers.  He's sort of the "Real Housewive's" of CNBC. 

I have never been able to stomach that guy.

Tue, 05/01/2012 - 22:08 | 2389956 ShortTheUS
ShortTheUS's picture

I still miss Mark Haines. The network has not been the same without him...

Enough with the wacky shit: Put Bill Griffeth and that new hottie Kelly Evans together to rekindle the Haines/Burnett-type show that Squawk on the Street used to be...

Wed, 05/02/2012 - 05:13 | 2390476 Dien Bien Poo
Dien Bien Poo's picture

mark haines was a fat twat. who wears american flag ties and cries on tv ? tosser.

Tue, 05/01/2012 - 22:09 | 2389957 Atomizer
Atomizer's picture

CNBS Producers must crack the whip to reach the Nelson Rating crank high.

 

Producer off camera: I don’t care what you fucking think, you need to tell those little cunt licking muppets that you can shit rainbows. No one plans on selling this market during the month of May. Do you hear me? NO ONE is selling during the month of May. Now, get your one celled brain to sell this concept. We don’t fucking pay you the big bucks for telling the truth.

 

http://www.nielsen.com/us/en/insights/top10s/television.html

Tue, 05/01/2012 - 22:39 | 2390050 tempo
tempo's picture

Fairness is defined as "those with ability get while those with need get from those with ability all decided by a few elite central planners."

Tue, 05/01/2012 - 23:52 | 2390237 Augustus
Augustus's picture

They actually piss rainbows.

They are so environmentally friendly that they don't ever shit.

Tue, 05/01/2012 - 22:10 | 2389959 chump666
chump666's picture

That is f*cking great article ZH

Tue, 05/01/2012 - 22:10 | 2389961 williambanzai7
williambanzai7's picture

SORKIN SACHS

Tue, 05/01/2012 - 22:31 | 2390028 Joke Heros
Joke Heros's picture

OMG that brought tears to my eyes rofl

Tue, 05/01/2012 - 22:39 | 2390053 Renfield
Renfield's picture

Thanks, Banzai. Now hell no longer scares me.

Tue, 05/01/2012 - 22:47 | 2390081 EclecticParrot
EclecticParrot's picture

Aha -- only now can the Mona Lisa's enigmatic smile be fully explained . . .

Tue, 05/01/2012 - 22:12 | 2389970 Bob Sacamano
Bob Sacamano's picture

When CNBC becomes a cat grooming channel or something, then we will know the bottom is in place to start buying.

Tue, 05/01/2012 - 22:17 | 2389991 lostintheflood
lostintheflood's picture

finally...been waiting for this for years...

Tue, 05/01/2012 - 22:22 | 2390003 Stackers
Stackers's picture

CNBC = Snake Oil Sales Men

Tue, 05/01/2012 - 22:23 | 2390004 MongolGold
MongolGold's picture

People are missing the point. CNBC is the perfect thermometer for what the mainstream herd is doing and thinking. Recently I don't have it and I miss Joes dumbness and the constant stream of propoganda. If you want to make quick money and get out CNBC is invaluable. If you want to know the truth switch off.

Tue, 05/01/2012 - 22:23 | 2390007 Cdad
Cdad's picture

Nice timing on this idea that CNBC is hoping for a crash.  I'm not at all sure that is true; however, even Bob Pisani has been commenting that he has no clue why markets have been moving up...literally.

But as for that, CNBC is a BlowHorn...nothing more.  It is a dying legacy communication platform that long ago sold its integrity for some thirty second spots...sold to you JP Morgan.  COMCAST has had its chance to do something about this mess...but has chosen the status quo.  In the face of limitless options via the internet, completely customized competition, COMCAST has gone with...same same.  In fact, those tools have inserted Cramer into multiple broadcast hours each day.  Ummmm...WTF?  The guy is literally unwatchable. 

Whatever the case may be, and however obvious the reasons are for the decline in its ratings...die BlowHorn [CNBC]...die already.

 

Tue, 05/01/2012 - 22:23 | 2390008 Joke Heros
Joke Heros's picture

CNBC turned from my source of financial information as a young financial industry enthusiast to a complete joke of an example of journalism. C'mon they promote themselves as 'business intelligence' while flashing slow mo actions shots of Bartiromo and Cramer.

When you got turds like Kernan sucking CEO ass or Caruso Cabrera blathering her smarmy opinions and CONSTANTLY interrupting guests mid sentence, rather than reporting the news, fuck em, I hope they all lose their jobs so they can understand what it's like to be the people who they never report on.

And I hope Wall St treats them like the paid whores that they are and shuns them after their services are no longer needed. Filthy whoores.

Tue, 05/01/2012 - 22:25 | 2390012 Everybodys All ...
Everybodys All American's picture

I'm not surprised ... well maybe just a little. Encouraged might be a better word. Encouraged that the majority of people don't buy the bullshit that is paraded around like some play act off broadway. The fact that they had to go down on the floor of the exchange was a brutal development for me. What a sad joke the whole industry as let itself become.

Tue, 05/01/2012 - 22:26 | 2390013 CURWAR2012
CURWAR2012's picture

Who the fuck in their 20's to 40's can afford the cable bill to watch CNBC shit? These people are unemployed or underemployed or working 2-3 jobs to make ends meet. No time for TV. CNBC should stand for Currency Never Becomes Convincing to those of us who understand their propaganda.

Tue, 05/01/2012 - 22:39 | 2390051 Long-John-Silver
Long-John-Silver's picture

They don't have Cable or Satellite and don't want or need it. They stream video/audio from the Internet. My son explained this to me and hooked my up with a ROKU box. Now I do the same. A ROKU Box is all you need. It's not a replacement for Cable/Satellite, it's better than Cable/Satellite. It's like switching from a horse and buggy to a Leerjet.

Tue, 05/01/2012 - 23:23 | 2390163 Hulk
Hulk's picture

The ROKU box likes watching YOU too !!!

Tue, 05/01/2012 - 22:28 | 2390015 Caviar Emptor
Caviar Emptor's picture

Yes the status-quo is crumbling. And there are moments when the ugliness is suddenly there for all to see: the sociopathic homo-erotic man behind the curtain in all his naked glory and fetid odor as he sticks a fist up the ass of another poor young sucker. 

The public is no longer entranced. The spell has been broken.

Nobody trusts in the "inevitablility of beneficence" in the capital markets. 

It's not just boomers, but the younger demographic in that 25-53 group that has simply decided to turn it's back on the cesspool of the 24 hour floating rigged-casino. 

Greed, for lack of a better word, is no longer Good. 

Instead people are realizing that there are more important things in life than fake IPOs.  There's a whole world of things to get interested and passionate about and soon nobody will want to miss the parade. 

Tue, 05/01/2012 - 22:39 | 2390055 Cursive
Cursive's picture

@Caviar Emptor

Well said.  Now, everyone should logoff off and go make love.  I'm logging off now....

Tue, 05/01/2012 - 22:46 | 2390078 Caviar Emptor
Caviar Emptor's picture

Log off, Tune out, Jack in

Tue, 05/01/2012 - 23:24 | 2390172 Hulk
Hulk's picture

Log in, pants down, Jack off...

Tue, 05/01/2012 - 23:28 | 2390182 WonderDawg
WonderDawg's picture

Tune out, Log in, Jack off

Tue, 05/01/2012 - 23:29 | 2390189 WonderDawg
WonderDawg's picture

Damn it, Hulkster hahaha

 

Tue, 05/01/2012 - 23:38 | 2390211 Hulk
Hulk's picture

Posting do refresh, don't it !!!

Wed, 05/02/2012 - 00:30 | 2390289 jomama
jomama's picture

not necessarily in that order

Tue, 05/01/2012 - 22:26 | 2390020 Long-John-Silver
Long-John-Silver's picture

Cable/Satellite as we know it has become obsolete. I relied this about 5 minutes after my son hooked up a ROKU box to my HDTV. 10 minutes later I was busy getting my Satellite serviced stopped. Streaming video/audio on demand is going to wipe out Cable/Satellite like the Black Plague.

Tue, 05/01/2012 - 23:26 | 2390178 Hulk
Hulk's picture

Whatever you do, don't get undressed in front of ROKU !!!

Wed, 05/02/2012 - 10:03 | 2390988 CoolBeans
CoolBeans's picture

Interesting - I'll have to check this out.

But...need an option for the young sons who are into sports - specifically their home state teams.  DirecTV is killing me.

Tue, 05/01/2012 - 22:28 | 2390023 lsbumblebee
lsbumblebee's picture

If it was up to me I would order Cramer to have breast augmentation surgery.

Tue, 05/01/2012 - 23:55 | 2390239 Hulk
Hulk's picture

WIth little penis nipples...

Wed, 05/02/2012 - 02:27 | 2390033 HD
HD's picture

Can't speak for anyone but myself, but here's why I've turned to Bloomberg more and more...

CNBC has always had a bullish bias - but is now just propaganda. Not spin - PROPAGANDA. Pay close attention to the anchors faces and follow up questions when an interview does not "go" where it is supposed to: BUY, BUY, BUY.

I can't stand Cramer. To give him a spot on SOTS is like having Colbert anchor the NBC Nightly News. They replaced Mark and Erin (real journalists with integrity) with a egomaniac clown.

Joe Kernan has turned into a zealot. Even when I agree with him he's just obnoxious. For Gods sake Joe, leave your kids at home.

Sorkin has no spine. Even on "Real Time" they walked all over him. Sorkin should stick to print journalism or grow a pair. If they put him in more of a David Faber role that might work.

Why does Maria still have a job?

I understand why Liesman spins everything pro Fed - he wants to maintain access...but Pisani comes off as desperate, even fanatical about talking the market up.

Worldwide Exchange is the closest CNBC gets to journalism anymore. Unfortunately no one is awake to watch it.

CNBC should want a panic sell off - good for ratings and S&P 800 will bring the buyers back. Four year highs - even the kool aid drinkers know it's BS.

 

Tue, 05/01/2012 - 22:36 | 2390045 Cursive
Cursive's picture

 

And a victory for the bulls is no victory if no bulls are watching.

If a manufactured earnings beat is announced and no bulltard is around to trade, does it make a profit?

Tue, 05/01/2012 - 22:38 | 2390048 DannyTX
DannyTX's picture

They brought that Aussie or British hide, Mandy, with the cleavage on there for ratings and I guess that failed as well. 

Wed, 05/02/2012 - 00:01 | 2390250 Augustus
Augustus's picture

Actually, IMHO, Mandy does a better job of asking relevant questions and followups than about any of the rest.  Simon Hobbs also keeps on track and subject with his interviews.

The only thing Melissa Lee can get right is an interruption of some CEO responding to a question.  Her best line is Breaking News - Obama has more BS to deliver, then cut away.  She has to be the worst on air now.

Wed, 05/02/2012 - 05:05 | 2390475 Dien Bien Poo
Dien Bien Poo's picture

shes.....filthy. and stupid.

Tue, 05/01/2012 - 22:41 | 2390061 buzzsaw99
buzzsaw99's picture

It is a damn conspiracy the way they bundle cable television. Very few would pay for that crap if they had a choice.

Tue, 05/01/2012 - 22:54 | 2390100 HD
HD's picture

Yup. I pay for 500 plus channels and watch less than ten...none of those ten are in the lower priced packages. What really pisses me off, is you can not buy a HD DVR cablebox - you have to rent AND pay for the "service" on top of it.

The day I cut the cord will be a happy one. Over the top. Over the top.

Wed, 05/02/2012 - 01:25 | 2390332 Non Passaran
Non Passaran's picture

There's no other way to send the message but to cancel all of them and let the good channels know why you did it.
I've been boycotting all TV for years now, but can't cancel subscription because wife "must" have TV.
Fuck the bundling!

Wed, 05/02/2012 - 01:20 | 2390063 BlackholeDivestment
BlackholeDivestment's picture

...come on, they are all worthless rags and media whores.

ICE ee there's another sunken U.S. SS Spitzer ship in need of hire. LMAO http://usnews.msnbc.msn.com/_news/2012/05/01/11489306-former-top-ice-official-james-woosley-pleads-guilty-in-600000-scam?lite

Tue, 05/01/2012 - 22:45 | 2390071 Cabreado
Cabreado's picture

"Is Central Planning About To Cost The Jobs Of Your Favorite CNBC Anchors?"

Of course, nobody cares about such a thing.

The interesting part is where Central Planning is wearing its heart on its sleeve (in of course a convoluted way), and as heartless endeavors always go, it's Finally Failing.

Now just to deal with the fallout of the heartless...

and now more than ever a time to conjure up an extra shot of humility, towards something salvageable on the other side.

Tue, 05/01/2012 - 22:44 | 2390073 MongolGold
MongolGold's picture

The women on CNBC are neither cute or clever. Bloomberg has the best breasts.

Tue, 05/01/2012 - 22:48 | 2390082 Milton Waddams
Milton Waddams's picture

A CNBC blooper reel would be fantastic.  A few years ago I caught some "Bull and Bear" segment and when they introduced the token bear he sort of mumbled under his breath, but it was still audible, "I'm not really a bear but I'll be one for the segment" and then went on to spout a bunch of bearish talking points while repeatedly looking down at the info he was clearly requested to say.

Tue, 05/01/2012 - 22:52 | 2390083 Caviar Emptor
Caviar Emptor's picture

 

Only one thing for CNBS to do: live orgies.

 

Tue, 05/01/2012 - 22:56 | 2390085 HD
HD's picture

Seems like good Ol' Ben may have to buy some ad time and bailout the all propaganda channel.

Closing Bell brought to you by the Federal Reserve.

Tue, 05/01/2012 - 22:49 | 2390087 monopoly
monopoly's picture

If it was not for my bride of 30 years I would have Direct TV just turn us off. Never watch financial news during market hours. Have emailed the idiot channel numerous times advising what a sham Kramer is, and at 6AM out west. Absurd.

Agree with the above post that if they started broadcasting the truth ratings would go up. Is it just coincidence, but did you notice Kramer was not on today? Had it on mute for about 15 minutes and noticed he was not "available" to talk his bullshit.

Television, 95% waste, 5% TV worth watching. Most commercials geared for a 5th grader who was left back and had to take 5th grade again.

Wed, 05/02/2012 - 00:05 | 2390255 Augustus
Augustus's picture

Gasparino had a "breaking news" story yesterday that the SEC was investigating a "well known" financial journalist.  Maybe Carmmmer will get fingered for the inside deals this time.  Journalist was not named in the breaking news comments though.

 

If he and Corzine could end up in the same institution it would be a great reunion.

Tue, 05/01/2012 - 22:50 | 2390089 Bagbalm
Bagbalm's picture

But, but they always bought the bullshit before. What happened?

Tue, 05/01/2012 - 22:52 | 2390094 deepsouthdoug
deepsouthdoug's picture

Endless shilling for the RepublicSCUM hacks in Washington is the reason why I don't watch it that much.

Tue, 05/01/2012 - 22:54 | 2390098 ArrestBobRubin
ArrestBobRubin's picture

Couldn't happen to a nicer bunch of soulless sellouts. I very much want pretty poison Bartiromo to scrub floors for the rest of her wretched life.

Maria the Money Skank. On your knees and scrub ya damn ho!

Tue, 05/01/2012 - 23:28 | 2390188 Dr. Engali
Dr. Engali's picture

I'm sure she'll land on her knees some place. Wasn't she boinking the Citi CEO at one time to get exclusive access ?

Tue, 05/01/2012 - 22:55 | 2390099 digalert
digalert's picture

Time to spice it up a bit, bring back Macke and Ratigan, that would be fun.

Tue, 05/01/2012 - 22:58 | 2390108 HD
HD's picture

Agreed. I'll get out my purple crayon.

Tue, 05/01/2012 - 22:54 | 2390101 deepsouthdoug
deepsouthdoug's picture

Endless shilling for the RepublicSCUM hacks in Washington is the reason why I don't watch it that much.

Tue, 05/01/2012 - 22:57 | 2390109 Caviar Emptor
Caviar Emptor's picture

More of the crumbling Empire of darkness: 


Finra Director Calls It Quits

A director of the Financial Industry Regulatory Authority who was banned last week from running his own firm for three months said he will quit the self-regulator's board.

Tue, 05/01/2012 - 22:59 | 2390110 Caviar Emptor
Caviar Emptor's picture

China final HSBC manufacturing PMI below 50 (49.3)

Tue, 05/01/2012 - 23:02 | 2390114 Bartanist
Bartanist's picture

I stopped watching when it became apparent that they are simply lying propagandist shills. If they want viewship then they need to do something novel, such as TELL THE F'N TRUTH AND HAVE REAL ANALYSIS. Otherwise they should be pleased with the few Jerry Springer castoffs they receive.

Tue, 05/01/2012 - 23:01 | 2390115 Yes_Questions
Yes_Questions's picture

 

 

Yet the collapse in CNBC ratings goes to a deeper issue.

 

One side of me read Tissue.

Tue, 05/01/2012 - 23:06 | 2390125 string
string's picture

Fuck 'em. 

Nothing but corporate shills and propagandists. 

I cut my cable over a year ago. My life has never been better. 

 

Wed, 05/02/2012 - 01:32 | 2390342 robertocarlos
robertocarlos's picture

I quit cable for 6 months but then they made me an offer I couldn't refuse. Unfortunately it ends in July and then the bill will be huge.

Wed, 05/02/2012 - 11:15 | 2391239 RallyRoundTheFamily
RallyRoundTheFamily's picture

I cut my cable almost a year ago.

Let wife buy HULU account - zero bitching, life is good.

Not worrying about my young daughter watching "16 and pregnant" = PRICELESS 

Tue, 05/01/2012 - 23:06 | 2390127 surf0766
surf0766's picture

Old media is done. How many times did b-cups say Green Shoots?

Tue, 05/01/2012 - 23:07 | 2390130 OldE_Ant
OldE_Ant's picture

CNBC REST in PIECES and I hope all the f'n crew has to get 'real' jobs.

My mother long ago asked me why there was no show called the 6 o'clock 'good news'.   I proptly informed her it was because 'good news isn't entertainment'.  What is left of news is 'entertainment' - and guess what it isn't entertaining anymore (that failed about 4-6 years ago for me).  Even most of the entertainment is starting to suck.  It wasn't long after that event (and all the incessant price increases from either Satellite or Cable companies) that I gave them all the finger and went totally 'net'.

I havn't looked back, and don't really care anymore about 'mainstream media'.  I'm a lot happier, and a bit smarter.  I also don't get emotionally jerked around by all the BS people say on TV anymore.  Because to me it just doesn't exist and most of it is made up BS hype to cause emotional reactions anyway to distract the people from the real issues (as well as to divide us over BS issues vs. the real ones).  The simplest solution to all of these problems is simply to shut them off, stop buying, and start living different lives.  I've been told even a 10% hit in any marketing venture is enough to get those selling running, and force some sort of change.    I love the idea that 1 out of 10 people simply saying no to anything is enough to force those peddling it to start looking pale.   Great fricken leverage.

Just 1 out of 10 has to do something different to really hurt any piece of this system.  Whether it be taking money out of banks, converting to gold/silver, creating an 'off the grid' home, using less fuel, water, etc.  You name it.  We arn't even quite to the quoted 1:10 people losing jobs and already the whole system is hurting.  What we need to do is find a way to hurt them across the board to the tune of 10% or more.

I've been working my taxes so my govt gets 10% less than they should (because I can invest in such a way that I get the foreign tax credit and can choose which country gets the bonus 10%).  I take out one check of two from the bank every month (and have already removed 50% of all cash) and begun converting to other hard assets simply because 0% interest tells me the banks don't need my money.   I'm using 1/4 less gasoline by biking to work during the summer (and other times too).   I've insulated my house and have a wood stove so I can use at least 10-20% less natural gas.   I collect water have have filters so I can use it in the house (hence using less 'city' water - numbers should drop by at least 50% this year alone).   I'm still working on producing 10-25% of my own food. etc. etc.

When more and more people take the 10% plunge on their patronizing of the old system and look for new systems to put that 10% energy into maybe things will start to change.  Until then it's same old same old.

Change starts right with the person you look at in the mirror in the morning and that is the flat out truth.   Once enough of us have made the 10% transition and start going for 20 to 25% things really will start moving.

Wed, 05/02/2012 - 00:14 | 2390257 Milton Waddams
Milton Waddams's picture

MARTY KAPLAN: Well, the problem with telling the truth is that in this postmodern world, there's not supposed to be something as truth anymore. So all you can do if you are a journalist is to say, "Some people say." Maybe you can report a poll. Maybe you can quote somebody. But objectivity is only this phony notion of balance, rather than fact-checking.

There are some gallant and valiant efforts, like PolitiFact and Flackcheck.org that are trying to hold ads and news reports accountable. But by and large, that's not what you're getting. Instead the real straightjacket is entertainment. That's what all these sources are being forced to be. Walter Lippmann in the 1920s had a concept called "spectator democracy" in which he said that the public was a herd that needed steering by the elites. Now he thought that people just didn't have the capacity to understand all these complicated issues and had to delegate it to experts of various kinds.

But since then, the notion of spectator democracy has, I think, extended to include the need to divert the country from the master narrative, which is the influence and importance and imperviousness to accountability of large corporations and the increasing impotence of the public through its agency, the government, to do anything about it. So the more diversion and the more entertainment, the less news, the less you focus on that story, the better off it is.

BILL MOYERS: Are you saying that the people who run this political media business, the people who fund it, want to divert the public's attention from their economic power? Is that what you're saying?

MARTY KAPLAN: Yes.

Let us fight about you know, whether this circus or that circus is better than each other, but please don't focus on the big change which has happened in this country, which is the absolute triumph of these large, unaccountable corporations. This is about as dismal and effective a conspiracy, out in plain sight, as there possibly could be. So I don't say that this is going to be solved or taken care of. What I do say is the first step toward it is at least acknowledging how toxic the situation has become.

BILL MOYERS: But isn't it possible that a lot of people prefer the entertainment side of politics and even the news, because they have seen what you have just described. That they see the problems. They write on my website and say, "Look, you know, you're describing this. You're investigating that. But tell me what I can do. What can I do? I do something and nothing happens." And so people just say, "Enough's enough." And they go their merry way.

 

http://billmoyers.com/segment/marty-kaplan-on-big-moneys-effect-on-big-media/

http://billmoyers.com/wp-content/themes/billmoyers/transcript-print.php?post=7038

Wed, 05/02/2012 - 00:15 | 2390274 Augustus
Augustus's picture

Bill Moyers was made famous by using the first misinformation political TV ad to get Lyndon Johnson elected.  Remember the child with a daisy and the nuclear bomb exploding.  The message was the Goldwater would use nukes.

My favorite Moyers quote, and I heard him deliver it is all seriousness on his TV program, "Don't let the facts get in the way of the story."  His long running program on PBS is testiment to his capabilities as a propagandist.

Wed, 05/02/2012 - 00:43 | 2390306 Milton Waddams
Milton Waddams's picture

Moyers is certainly a controversial figure, which made me hesitant to post this to ZH, but that should not factor into the message of his guest.  Perhaps the other guy is BS'ing but everything he said seems to comform with what I see on a day to day basis WRT big business control of the media and providing entertainment veiled as news (and i actively look for concepts to DISPROVE my worldview, so no confirmation-bias here AFAIK).  In any event, it is a narrative worth exploring regardless of one's biases or political leanings.

Wed, 05/02/2012 - 00:08 | 2390259 Augustus
Augustus's picture

Wood stoves should be banned as pollution disasters.  At least levy a 10,000 tax on the sale of the smoke belchers.

Wed, 05/02/2012 - 01:48 | 2390350 Lednbrass
Lednbrass's picture

Yeah, far better for everyone to rely on regulated utilities to supply their needs. Self sufficiency in any degree should be taxed and fined into oblivion, long live the central state! Without government to protect us all from evil wood burners its gonna be like 2 zillion degrees by the end of the decade!

Just stay in your little urban neighborhood, keep depending on others to provide for you, and leave normal people alone.

Wed, 05/02/2012 - 05:33 | 2390481 Augustus
Augustus's picture

If everyone used wood fired stoves for their heating,

The urban areas would have air pollution worse than Shanghai on the worst day.

Just keeping sucking on that tail  pipe and your problems will be ending very soon.

Wed, 05/02/2012 - 00:27 | 2390284 jomama
jomama's picture

i haven't had cable/tv for over ten years

Tue, 05/01/2012 - 23:10 | 2390136 bankonzhongguo
bankonzhongguo's picture

To the middle wonk at CNBC, MNBC, ABC, CBS, CNN, FOX, NYT, ad nauseum that is actually reading these posts so far down.

Nobody believes the shit your owners, controllers, producers, management is selling.

That is why ratings are down.

Syndicate the prior day's Alex Jones between 6 and 9 AM and you will get ratings.

Ever watch 'Network?'

Duh.

 

Tue, 05/01/2012 - 23:10 | 2390139 rosiescenario
rosiescenario's picture

Just a modest proposal....the government might wish to see if subjecting a suspected terrorist to 12 hours of Cramer is more effective than 12 hours of nonstop waterboarding....my hunch, and it is just a hunch, is that Cramer would be producing results within an hour.

Tue, 05/01/2012 - 23:15 | 2390145 sbenard
sbenard's picture

I turned CNBC off 3 years ago when I realized that it was the Obamanomics Channel, and I haven't watched it since. I also haven't missed it a single day since!

Now, it's Zero Hedge or bust!

Tue, 05/01/2012 - 23:24 | 2390168 El
El's picture

That's just it. NONE of them are reporting what we can see outside of our windows. They ignore, they lie, they spin endlessly. There is such a dissonance, but it is deafening in its silence where the networks are concerned. I firmly believe that is why CNN lost nearly half of its viewers, and the other news outlets also lost a large percentage of their viewers. As Hilary Clinton once proclaimed, they "are losing the information war." And rightly so. No one believes anything they tell us anymore.

Tue, 05/01/2012 - 23:32 | 2390197 surf0766
surf0766's picture

You need to see The Secret.  Then you will know. They are all knowing. Now eat your peas.

Wed, 05/02/2012 - 03:38 | 2390423 jabu
jabu's picture

Psi?

Tue, 05/01/2012 - 23:33 | 2390201 HD
HD's picture

Nice post mate.

Tue, 05/01/2012 - 23:31 | 2390195 Atomizer
Atomizer's picture

 

 

For all the CNBC [soon to be unemployed] Executives. Take a look at where your audience has gone to seek financial information. i.e.

ZeroHedge Blogger Bob English outlines how Bernanke and the Fed could finally go Bankrupt! 

While CNBC Execs are ball washing each other’s scrotums. They have to be pondering over how much lost advertising revenues have left their coffers due to Goebbels’s news reporting.  ;>)

 

Tue, 05/01/2012 - 23:40 | 2390212 I am a Man I am...
I am a Man I am Forty's picture

hire lauren lyster, problem solved

 

http://www.youtube.com/watch?v=FWUMAxqMAOo

Wed, 05/02/2012 - 03:53 | 2390432 Dingleberry
Dingleberry's picture

Amen brother.....

Tue, 05/01/2012 - 23:41 | 2390215 fallst
fallst's picture

Andrew Lost Foreskin replacement of Miss Becky wasn't working for me.

His knob job epic tome, hey Ross, just blow me.

This Hank The Bald prayer book, and movie, "Too Big to Fail" repulses most of the critical 6-7 am viewers, who actually haveabrain.

Tue, 05/01/2012 - 23:41 | 2390216 SheepDog-One
SheepDog-One's picture

LMAO so funny! Couldnt happen to a nicer bunch! Sure isnt the glory days of 2008 on CNBC!

Pucker up them sphincters CNBC cheerleaders youre going down!

Tue, 05/01/2012 - 23:50 | 2390233 youngman
youngman's picture

Sorkin who:::?????? he adds nothing..he has no knowledge of Business...nothing

Cramer is a screamer

Kernan can´t finish a sentence

and its all Apple all the time..at least 40%

to me put some ugly guys there that can talk and debate policys....economics...and you might have a winner...but they hired people with journalism degrees...Leisman...you get what you hire..

Tue, 05/01/2012 - 23:52 | 2390236 Spaceman Spiff
Spaceman Spiff's picture

HFT robots don't watch tv.

 

Maybe they will start seeing the downside of cheerleading the crooks.

Wed, 05/02/2012 - 00:10 | 2390265 Peter K
Peter K's picture

The problem with ComedyNBC is that the freak show on the sister channel (DNCNBC) has spilled over. They are way too political, and that is not a good thing. As for Sorkin, it's an obvious ploy to help out the NYT sinking ship. A bank of brothers if you will :)

Wed, 05/02/2012 - 00:17 | 2390275 alfred b.
alfred b.'s picture

 

   From Kernan to Kudlow to Barti to Becky and dozens more: buffoons of the Elite the lot of them!    cnbs can't stand the truth!

 

 

  

Wed, 05/02/2012 - 00:40 | 2390297 Hal n back
Hal n back's picture

what's nice is you can see the really good Santelli rants via youtube--is Santelli still at CNBC?

 

I only watch CNBC when the fed is about to announce--but realize I do not need it-ust watch the action in market and PM

 

here is an idea--take Santelli, Ratigan and find a few others who have good internet blogs -put them together and ket them report the financial news. Call it the ranting financial news.

 

atleast we wil see and hear relaity.

 

Wed, 05/02/2012 - 00:41 | 2390300 ejmoosa
ejmoosa's picture

Well, their ratings have beaten expectations, so no worries there!

 

Which I feel is their problem.  Earnings reports and other numbers are being reported in relative terms and not absolute terms.

 

Some of us know the difference.

Wed, 05/02/2012 - 01:19 | 2390323 LACHAD
LACHAD's picture

Looks like a very high correlation with market volume.  Seems to me there are a lot less people in the market today than there were even last year, or at least a lot less caring (volume supports this).  Very easy to also see the increase in viewership in down markets.  Simple solution is to create another panic.

Wed, 05/02/2012 - 04:11 | 2390443 jabu
jabu's picture

As I said, cable and dining out were the first things I cut from my household budget.  I can't believe I'm unique in that.  I do believe the "caring" is increasing.

Wed, 05/02/2012 - 01:26 | 2390334 robertocarlos
robertocarlos's picture

I have basic cable but CNBC and MSNBC were removed from the line-up. The cable company is cutting services and raising rates.

Wed, 05/02/2012 - 03:51 | 2390430 Dingleberry
Dingleberry's picture

Now THATS' what I'm talkin' about!!  The reason that CNBC is losing viewers is they LIE thru their teeth, including one of their three primary lies of "inflation is under control". The other two LIES being "bankers didn't commit crimes, they were just stupid" and "the US made money off of TARP".

Good riddance, and long live the "alternative"and REAL media, including Zero Hedge....Bitchez!!!

Wed, 05/02/2012 - 01:56 | 2390354 ItsDanger
ItsDanger's picture

Other media options simply provide a better and more objective point of view.  This has been a long time coming.

Wed, 05/02/2012 - 02:12 | 2390365 q99x2
q99x2's picture

Hey there goes my CNBC FuckFace indicator. I thought they were looking like they had received 72 hour activation vaccinations from an experimental DHS H5N1 test program because they had inside negative market information from the FED.

CNBC FF indicator (no longer applys).

Wed, 05/02/2012 - 02:58 | 2390384 pcrs
pcrs's picture

I'm sure they can get subsidy from the great benefactor

Wed, 05/02/2012 - 03:20 | 2390402 Venerability
Venerability's picture

CNBC knows very well what it can do to pick up viewership - and leadership - again:

*** Act like respectable reporters and shoot for BALANCE in all reporting: Every Bear view on anything must be balanced with a Bull view and vice versa.

*** That goes double for the extraordinary political bias. No one wants to listen to wall-to-wall Austerity Camp tirades. There are quite a few people in the market who haven't swallowed the Kool Aid. In fact, we are in the majority.

*** Nasty attacks against individual stocks or companies are just not good reporting and make everybody wince. Cramer's extraordinary vendetta - that's not too strong a word - against Ford is one good recent example. I know dozens of people who have now vowed to mute the sound whenever it looks like the vindictive little monster is about to talk.

*** The inappropriate bias against precious metals has once again reached fever peak on CNBC - reminiscent of the Bad Ole Days before Washington Agreement One. They need to cut Pope/Mogul/Tribal Leader/Miss Congeniality/GrandPoohbah of All Commodity Shorts Dennis Gartman loose and hire some fresh voices who actually like commodities and PMs. Or how about a "John Embry Wednesday" to counter the - Goddess Help Us! - idiotic "Trump Tuesday."

*** Never again hold any sort of stock picking contest. They are incredibly destructive, allowing the likes of high school nerds to flood the Internet with rumors and malice in order to support fantasy positions which impact real stocks. Similarly, stop all the Twitter nonsense. My sources - actual Twitter insiders and developers - say 93 percent of all Twitter posts are made by Botnets. Twitter is a pure game, and CNBC's embrace of Twitter reinforces their status as destructive Gamers.

Wed, 05/02/2012 - 03:27 | 2390412 jmcadg
jmcadg's picture

CM +1 'pretty soon their ratings will go down to 2.  Krugman and MDB'

By the looks of that chart there are only about 40 other twats to go.

Wed, 05/02/2012 - 03:56 | 2390419 jabu
jabu's picture

I don't know about everybody else, but cable TV and dining out were the first two of my household budget cuts (not that I ever tuned in to CNBC).

Wed, 05/02/2012 - 08:48 | 2390434 Money 4 Nothing
Money 4 Nothing's picture

First, get rid of that lying Chart Hooker Maria Bartiroma, (Botana De' Roma), she friggin makes me nauseous. Her last job as coat check downtown Lower Manhatten was more suitable.

If she says "were well off the lows of the day" one more time, I'm going to throw a shoe at my TV.

Start telling the truth and take the leash off Rick Santelli, he does fine un censored. I think he is the only one on that set I respect besides Joe Kernan, he has his moments. He knows how to drive a sports car like a man and made Andrew S. pee his pants riding bitch in the Ferrari! LOL! Probably a Prius or Honda LEV owner.

Tell Steve Lies-man he doesn't have to suck Fed dick everytime a State Rep enters the Green Room, he is sickening. Total shill that walks the Corperate guidelines, and then some. Boot licker.

Fire Becky Quick, Warren Buffets BFF. She reminds me of one of my X Girlfriends that was horrible in bed.

Send Cabraeru to Greece more often, she seems at home there. Fluent in Spanish so Spain may be her next full time venue?

Andrew Sorkin is a wuss, your typical "yes man" that doesn't stick up for himself, he get's bullied on the set for crying out loud. My right pinkey is more manly than him. Libtard. 

Kudlow used to be good, but now he isn't allowed to think for himself. Go retire.

Stop lying, stop reading the telepromptors and start reporting the financial news and start thinking for yourselves and your ratings will go back up magically.

Just report the truth, or Log into Zero Hedge and use the stories here as your show format so you can report the real news.

-BD 

Wed, 05/02/2012 - 04:07 | 2390437 Coldfire
Coldfire's picture

CNBC going down? When, dammit, when?!

Wed, 05/02/2012 - 04:36 | 2390455 orwell6
orwell6's picture

He certainly provides more substance than Becky-no-mind...and sycophant Sorkin.

Wed, 05/02/2012 - 04:39 | 2390457 orwell6
orwell6's picture

Michelle CC should replace sycophant Sorkin and clueless Becky, who even on her best day, might add value to Mr. Rogers neighborhood.

Wed, 05/02/2012 - 04:44 | 2390460 Mr. Noatak
Mr. Noatak's picture

My opinions only:

I watched CNBC obsessively for many years. As of late, I have been losing interest because critical analysis is increasingly diminishing. Here is my main beef:

A market drops sharply because of MANY desperate sellers and MANY opportunistic (or blindly hopeful) buyers. A market rises sharply because of MANY over-eager buyers who are willing to buy at almost any price. Yet, the market has risen incessantly on LOW volumes for a looooonnnng time. I want CNBC to come clean and explain succinctly how this fits with the "new normal".Then I will again increase my viewing hours.

By the way, the nightmare scenario is the Great Depression, when there were multitides of desperate sellers and NO BUYERS at any price. I would opine that the current system requires that there are 'buyers of last resort', under any and all circumstances.

Wed, 05/02/2012 - 04:45 | 2390463 jmcadg
jmcadg's picture

Maybe it's time to cut the salaries of these clowns. Can you believe Cramer is a multimillionaire ... I know.

Wed, 05/02/2012 - 05:01 | 2390472 Dr. Gonzo
Dr. Gonzo's picture

I get dumber when I watch CNBC so I stopped watching. Always found Sorkin to be a little pencil neck whinny jerk who never brought anything to the table except a good dick sucking for the status quo. He fit in good with the other cast of characters though. 

Wed, 05/02/2012 - 05:28 | 2390480 slackrabbit
slackrabbit's picture

I frankly would love to see them all burn in hell. These Tokyo Rose's choose their side, now they can deal with consequences of that.

Wed, 05/02/2012 - 05:45 | 2390486 the balf
the balf's picture

Mandy's cleavage can't even save CNBC?  Seriously, Kernan should be the first to go.

Wed, 05/02/2012 - 06:11 | 2390495 stickywicket
stickywicket's picture

Ratings started plunging when they put Cramer on in the morning. At 6 pm who cares? This was the last straw - CNBC became Unwatchable.

It's obvivous many ZH'rs are still watching. Why? Bloomberg is much better, just leave it on, you'll see what I mean. Perfect? not by a long shot. Better? Infinately.

Wed, 05/02/2012 - 06:11 | 2390496 BlackVoid
BlackVoid's picture

Any mainstream news is now totally useless propaganda. Good to see that people are waking up to it. Or are they?

Wed, 05/02/2012 - 06:46 | 2390530 Shizzmoney
Shizzmoney's picture

A) Most males in this age bracket, 18-35, do not own stocks.

B) Even if we did, we don't have the time to watch CNBC.

C) And we knew if we watched CNBC, we'd lose money.

CNBC used to have Dylan Ratigan.  They let him go after he was too critical of the banking sector.  All you need to know.

If I wanted to watched state television like CNBC and Faux News, I'd move to China.

Wed, 05/02/2012 - 08:26 | 2390704 WaterWings
WaterWings's picture

Put this comment at the top!

"state television"

Best, most concise label.

Wed, 05/02/2012 - 06:56 | 2390548 Bastiat009
Bastiat009's picture

Mainstream media have been killed by the internet, just like iTunes killed the disc industry.

News (good, valuable information) music will live forever though ...

Where do I get my news from (as a news junkie)? The internet (even though the TV is on) and from sites likes ZH and Drudge (which links to Mainstream media but not only).

Also, the internet has shown that the old advertising model (the radio and TV ad models) was more than flawed. It is impossible to know what the precise audience for a show is, who is watching (men or women, old or young) and more importantly who is watching the commercials (with the exception of the Superbowl maybe). The dreaded tivo.

That said, CNBC is an unsult to intelligence, nothing more.

Wed, 05/02/2012 - 07:06 | 2390563 Joke Heros
Joke Heros's picture

This is the same 'news' channel that offers up an "American Greed" series, completely ignoring the greed and fraud taking place on Wall St on a daily basis, instead considering it 'business as usual.'

That's why they are threatened by ZH and others who report on the fraud. Joe Kernan publicly admitted he doesn't like saying 'those two words' aka "Zero Hedge" on live TV. Cramer had balls to come at ZH on live tv as well, considering his stock market calls and the fact that he's been smote by the likes of John Stewart, among others, on a regular basis.

Turning to the channel at this time I see that Neal Cash-carry is the next celebrity bankster pigman to get blown on Squawk Box in the morning. And Kernan was gloating about the SP500 being up 12% for the year. As if he had anything to do with it. What a clown show.

And it can't be said enough. Kernan is a complete tool.

Wed, 05/02/2012 - 07:28 | 2390580 Waterfallsparkles
Waterfallsparkles's picture

It is no wonder why they are losing ratings.

Joe Kernan has a constant growl on his face.  Never smiles.  Constantly slamming his hands on the desk. Drives me Crazy.  He is always about me, me, me.  I do not like that or I think this.  Very self centered.  Always, picking on Sorkin.  Trying to show who is top dog.

Pisani, (sp?) there are no words.  He is always telling you why you are not making money.  It is always because of something irrational and he is like a broken record repeating it over and over all day.

Michelle is like watching someone on a hot seat.  She is always shifting from the right side of her butt to the left.  She cannot sit still she rocks back and forth on her butt.  She is also too opinionated.

Maria B, her voice is like running your finger nails over a chalk board.  Her lines are always the same.  Would you put new Money to work here, etc.  Maria, we know they are lying when you ask that question.  As they are already filled to the gills with the stock and would never buy any more at the top.  So, why ask. 

Mandy, looks like a pole dancer rather than a financial reporter.  I keep waiting for her boobs to fall out or break into a pole dance at any time.  She is bad example of many accomplished Women who are investors.  Her appearance diminishes respect for Women as Business people or Investors.  Typical Dumb Blond stereo type which I guess the Male viewers like because it portrays the way they think Women should be.  Dumb, Blond and half clothed.  Not Professional, well dressed, and intelligent.

Cramer is too much to take.  Especially if a Stock is going the wrong way based on his investment.  He looks like he is drugged up all of the time.  I would not be surprised if he had a Stroke right on air.  It irritates me that he is on the air ALL the time with his obvious bias toward certain stocks.  Also, how he constantly flip flops.  He loves a stock at the top and tells YOU to Buy and then to Sell the very same stock after it has lost 75% of its value.  Very disingenuous.  I hate the way he constantly is on air and keeps popping up on every segment unannounced even without a mike.

So, really they are losing ratings?  Hmmm, wonder why.

Wed, 05/02/2012 - 07:37 | 2390590 sensibleperson
sensibleperson's picture

Being retired, I have time to surf various internet sites, while also listening to early AM financial news here in Connecticut.  I much prefer Bloomberg's report, starting at 4 AM.  Squawk Box is too much BS, and not enough "meat", though Rick Santelli is great.  Joe Kernan is ok, and if there is a good guest I will watch.  However, Bloomberg's Asian report and some of their reporters really have more in depth facts.  Of course, after checking DrudgeReport and Newsmax, I go to ZeroHedge, then SurvivalBlog, then several more favorites such as Blacklisted news, Beforeitsnews, Dollarcollapse, RealClearPolitics, DailyJobCuts, TheBlaze, PrisonPlanet, RushLimbaugh, RasmussenReports for Daily Presidental Poll (happier when Obummer's DISapproval number goes up) etc.  Takes several hours to get thru it all.  Cable NEWS is usually old hat by the time they get the REAL news and they water it down.  No surprise that Squawk Box viewership declining!

Wed, 05/02/2012 - 08:03 | 2390643 Waterfallsparkles
Waterfallsparkles's picture

I agree.  They seem to be a day late and a dollar short.  I too check many web sites and by the time they report on it, it is already old news.

I find that they almost always report on Articles by Zerohedge hours after they are printed here.  They may dislike Zerohedge but they seem to report on everything that was previously printed and discussed right here.  Only hours later.

Want breaking news follow Zerohedge.  That is where it is.

Wed, 05/02/2012 - 07:44 | 2390603 overmedicatedun...
overmedicatedundersexed's picture

they know they are losing eyeballs- execs know, cnbc is produced to protect bigger money and power..they care nothing about the business - they get ads from the tbtf and multi nat corps that make up the NWO power structure.

shilling for the elite money masters is what makes the payday happen. the creative producers and word smiths there are happy to spin shitty news into gold..that takes a certain skill, no?

Wed, 05/02/2012 - 09:04 | 2390810 Village Smithy
Village Smithy's picture

Hey, that's a cool take.

Wed, 05/02/2012 - 07:51 | 2390620 overmedicatedun...
overmedicatedundersexed's picture

would be worth watching if they ran a crawler  every 10 minutes with" # Days corzine is still not charged and in jail"..never happen. 

Wed, 05/02/2012 - 07:54 | 2390631 Waterfallsparkles
Waterfallsparkles's picture

The other thing that I dislike are all of the Guests they have on.

I cannot stand Jack Welsh.  He is so arrogant.  He thinks that he is all knowing genius that everyone should follow what he says.  He is nothing but an old dried up prune that is way past his time.

The Pimco fools drive me crazy.  They both talk funny.  Especially, Elerian (sp?).  He thinks that people hang on his every double enounced word.  I hate to break it to you Elerian we do not.

Buffet is another one.  All of the time the spend pumping him.  He is nothing but an old coot that make his money on his Insurance business.  He regularly buys the whole Comany so that Wall Street cannot manipulate his holdings.  I also believe that Goldman manipulates the Stocks or Companies he wants to buy.  As an example, check out Constellation Energy.  That stock was trading around $100 a share.  It dropped to $17. in about 3 days, then Buffet announced his offer for 50% of the Company.

So many more Guests that they overplay.

Wed, 05/02/2012 - 07:59 | 2390639 boooyaaaah
boooyaaaah's picture

Ok ZH

It seems you have finally accepted the fact that social utopia is not for US
No, the founding fathers, deists everyone, knew man could not be trusted and now you seem to be one of them.

Give US your huddled masses was not a slick b'crat add for
Getting more of the federal budget, it was a statement of moral clarity given at a moment when the royal state, the royal church, and the social zealots of the French revolution were seen for what they are -- corrupt and self serving

Now you can become the beacon of truth.

If you are up to it.

Freedom must be rediscovered for the powerful force it is.

And the demanding challenge it is to get it, preserve it, and to allow IT to bring about life liberty and happiness.

And no happiness is not a ferrrarri

Wed, 05/02/2012 - 08:10 | 2390652 steelrules
steelrules's picture

Kernen and that big mouth Cabrera woman just push the corporate Tea party BS. they're just as bad as Kudlow.

I'm surprised that anyone is still watching these corporate Wall Street shills, and if they trades on information from CNBC, well then they deserve what they're going to get.

 

Wed, 05/02/2012 - 08:18 | 2390684 therearetoomany...
therearetoomanyidiots's picture

Perhaps after all the idiots that actually follow the advice of these ass clowns lost all their money, they really had no reason to watch anymore.  

Wed, 05/02/2012 - 08:50 | 2390740 Money 4 Nothing
Money 4 Nothing's picture

I don't want "Hotties," I want the Effing news!

 

Who owns State Media?

http://www.whoownsthenews.com/

 

Wed, 05/02/2012 - 08:42 | 2390744 ghostzapper
ghostzapper's picture

I am in Mass and I flip between NESN and Comcast SportsNet New England.  All my sports news and I can tolerate a little of Dennis and Callahan.  Here and there (or if they have it on in the gym) I will flip to CNBC to catch some headlines but I am always disgusted.  "Go team go", "Let's go Bernanke" all a bunch of garbage cheerleading.

Not even any value for me in terms of this so called eye candy.  Both of my girlfriends currently are more attractive than all of the CNBC so called "hotties".  If they got some true hotties (preferably for me with some exotic mixes in there in terms of color/race) then maybe I would watch a little more.   

Some of them are nothing short of pathetic.  I would place Pisani, Liesman, and Quick in this category.  I can't even picture them in my mind without their surgically attached pom poms. 

Wed, 05/02/2012 - 08:55 | 2390780 ivana
ivana's picture

ha ha ha

finaly bastards become irrelevant!

But don't hope too much.. now they will get "recapitalized" from unknown "investor" ... "change paradigm" go more on web, blogs bla bla and ...

bid for ZH!

Of course, only to destroy it

Wed, 05/02/2012 - 09:21 | 2390862 crawldaddy
crawldaddy's picture

in the morning hours reruns of spongebob squarepants on the cartoon network is more informative than cnbc

Wed, 05/02/2012 - 09:38 | 2390903 XitSam
XitSam's picture

After agreeing not to sting the frog if he carried the scorpion across the river, the scorpion stung the frog. "Why did you do that," exclaimed the frog? "It's my nature," said the scorpion.

Wed, 05/02/2012 - 11:51 | 2391026 Ura Bonehead
Ura Bonehead's picture

Personalities aside (Kernan has become an overpaid vaudeville act - perhaps someone in charge thinks that's needed – and one hour of Cramer in the afternoon is MORE than enough, thank you), CNBC is dead because the markets are dead and because CNBC is afraid to take on the hypocrisy and market destruction lead by Wall Street and TBTF.  They continue to glamorize the perpetrators with face time; God forbid anyone at CNBC is no longer invited to their favorite Street firm Christmas/Hanukah parties.

And the markets are dead because there is NO ONE regulating large firms and the immorals who run them, someone willing to return the capital markets to the people. Afterall, there is a limited employment future for a regulator if you piss-off big Wall Street firms.  The markets are dead because the self-proclaimed guardians of investor interests, namely FINRA, has been an epic failure at regulating the large firms while (presumably at the guidance of the large firms) destroying the ONLY group focused on individual investors and that’s the small B/D firms.  And now that every respectable industry professional has fled to the ADV model, FINRA spends millions in lobbying money to, now, take control of THAT model, as well.

Only some 35 percent of volume is even traded on an exchange anymore while some 80% of total volume is computer driven.  CNBC has been airing the play-by-play of their own funeral.  Forget a spot on the floor of the NYSE, CNBC.  You might as well move to Iowa.

I could go on.  God help what’s left of the investor class.

Wed, 05/02/2012 - 16:03 | 2392036 Skyprince
Skyprince's picture

They need to hire Laura Lyster and let her have her way with the network...

 

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