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I've been watching CNBC for about 12 years. In the last 3-4 years I have seen a distinct change in their coverage of the market.
Even Jim Cramer has become a kool-aid drinker since Jon Stewart undressed him on the Daily Show a while back. As a trader I find their information to be increasingly useless as it has become more political than informational.
Also, I remember a time when the CNBC hosts would facilitate a debate with people with opposing views rather than imposing their own personal opinions into the discussion. Larry Kudlow is a prime example of this.
Of course, none of this is really new to one who knows the history of the stock market going back to the 'bucket shops' of the early 20th century. The market has always sought out 'retail' investors and provided them with either misinformation or misdirection in order to separate them from their cash.
I am now beginning to watch Bloomberg, whom I think sticks more to the stock market information I need and want during the trading day. Just wondering if anyone else has noticed the change over at CNBC.
I agree, both CNBC and Bloomberg have been showing their left wing leanings while too much of Fox is biased to the right. It is too bad we can't have more balanced business reporting.
I've been watching CNBC for about 12 years. In the last 3-4 years I have seen a distinct change in their coverage of the market.
Even Jim Cramer has become a kool-aid drinker since Jon Stewart undressed him on the Daily Show a while back. As a trader I find their information to be increasingly useless as it has become more political than informational.
Also, I remember a time when the CNBC hosts would facilitate a debate with people with opposing views rather than imposing their own personal opinions into the discussion. Larry Kudlow is a prime example of this.
Of course, none of this is really new to one who knows the history of the stock market going back to the 'bucket shops' of the early 20th century. The market has always sought out 'retail' investors and provided them with either misinformation or misdirection in order to separate them from their cash.
I am now beginning to watch Bloomberg, whom I think sticks more to the stock market information I need and want during the trading day. Just wondering if anyone else has noticed the change over at CNBC.
Agree CNBC has changed, simply everyone touting the own view or guests all have something to sell, and yes they all insert their own personal opinions, very biased.
I watch Bloomberg exclusively now.
I haven't really "watched" CNBC in years. It seems like nonstop promotional material and advertising.
-Their shows on McDonalds or Walmart. What's the point? I doubt if any of their viewers have the desire or inclination to be another Ray Kroc or Sam Walton. It seems like these shows are there to promote....either
The company themselves.
Their value system or corporate culture. (Basically free advertising to show people that they have a good corporate culture. Or to clear up misconceptions).
Or...to show American values.
If they really wanted to get serious about discussing "secrets", they could go much deeper than an hour about nike or starbucks.
Instead of focusing so much on public figures (which the public already knows about), why don't they showcase private individuals you've never heard of? It seems like there's a million private individuals that you could get value from....instead of hearing the same old story about Warren Buffett buying his first house, or a story about Ted Turner.
"Cramer" is a joke. Anyone remember Action Alerts plus? It was the first time you could get the inside picks from Cramer. He had stocks like double click, jdsu, lol. EMC at $80 or something. These guys are like psychics that keep changing the crystal ball every time something doesn't work out.
I have notice more that CNN;MSBBC have really changed more as they chase a market share. They are doiated by those wanting to become the liberal FOX.That is plai when you see their guest none of which are conservative . Thne there is maddow ;Obermann and that other chubby guy who only exist on rants about FOX news in a chase for rating.CNBCF is the only real market news channel there really is for those interested in the markets.The PBS business report is much to short with little coverage to do it. That is because market news has a limit interest and can't support mcuh of a ratings market.
Agree CNBC has changed, simply everyone touting the own view or guests all have something to sell, and yes they all insert their own personal opinions, very biased.
I watch Bloomberg exclusively now.
I agree totally. Bloomberg is the most market focused news we have now that is on during market hours. I also agree that while the PBS Nightly Business Report is good, the coverage is not broad enough for someone really involved in the markets on a daily basis.
CNBC has just become a HUGE disappointment to me. You must run everything they say though a filter, usually there is nothing left after that.
I believe that CNBC brought in Kudlow and toned down Cramer when Fox Business News launched to avoid being labeled too liberal. Kudlow seems to have mellowed a bit in the past months.
I've been watching CNBC for about 12 years. In the last 3-4 years I have seen a distinct change in their coverage of the market.
Even Jim Cramer has become a kool-aid drinker since Jon Stewart undressed him on the Daily Show a while back. As a trader I find their information to be increasingly useless as it has become more political than informational.
Also, I remember a time when the CNBC hosts would facilitate a debate with people with opposing views rather than imposing their own personal opinions into the discussion. Larry Kudlow is a prime example of this.
Of course, none of this is really new to one who knows the history of the stock market going back to the 'bucket shops' of the early 20th century. The market has always sought out 'retail' investors and provided them with either misinformation or misdirection in order to separate them from their cash.
I am now beginning to watch Bloomberg, whom I think sticks more to the stock market information I need and want during the trading day. Just wondering if anyone else has noticed the change over at CNBC.
My initial thought to your headline is "Is it just me or do people start freaking out about the media being run by right wingers the minute any conservative viewpoints are represented????" Sheesh.
For the record, I think The Economist magazine provides the most balanced coverage of financial news and world events. Too bad we have to read a publication from the UK to get decent coverage. It's pathetic.
My initial thought to your headline is "Is it just me or do people start freaking out about the media being run by right wingers the minute any conservative viewpoints are represented????" Sheesh.
Since the right wing is the preferred venue of the book burners and folks who threaten to boycott companies to get television shows canceled, it should be a concern! And the number of times I have seen valid data or scientific evidence denied, ad hominem, as the product of liberal media is disturbing.
But, to the original point, the only "liberal" view I can think of on CNBC on-air-staff would be Steve Liesman. There might be others, but none spring to mind. On the other hand you have a strong and vocal conservative viewpoint, including Larry Kudlow, Michele Caruso-Cabrera, Rick Santelli and many more.
I prefer my economic news untainted by political rhetoric of any kind.
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And the number of times I have seen valid data or scientific evidence denied, ad hominem, as the product of liberal media is disturbing.
