CNBC is an entertainment channel. . We feature some cynical, sarcastic, disrespectful and disingenuous hosts and guests who are inclined to provide subjective reporting, half truths, proliferation of rumors , and sloppy reporting to promote fear, shock and discord in the viewer's home. We have long given up any attempt to be an objective financial news channel, as that requires knowledge, homework, verification of rumors, and just hard work. We find , since their is no accountability, it is just easier to say what ever comes into one's mind, without any care or concern for the ramifications. We know we can get away with it, because our whole upper management supports us. We are also smart enough to expand Jim Cramer's role to the morning shows to train, previously OK reporters, in the fine art of double speak, flip flopping , fear mothering and just plain nastiness....... Because at CNBC we know that is what you want. We will continue to slant our reporting to support our advertisers, and poke fun at those who don't . We will overuse the term Breaking News, even if it is a rumor from left field. We will continue to bring on Analysts who will scare the hell out of you , and provide teases for upcoming shows that have no merit or values. Our viewer have spoken....... They like our approach to financial entertainment.
PS: Bless Mark Haynes
Levi & others,
Best way to deal with this CNBC group is to stop watching and go to Bloomberg. I did long ago. i don't need their BS, slanted views, propaganda, etc. Look, all the quality people are long gone, right? What is left is a bunch of talking heads.
Bloomberg works quite well. RT quotes are readily available on my iPhone.
If CNBC loses enough viewers, they might get the message and add quality to their vocabulary. Or not.
The CNBC reporting on Foxcomm today, repeated several times with loads of untruths support the disclaimer. The analysts are not much better, and have no idea in which plants the Apple products are produced.
News reporting affects public opinion as Stock/Investing reports affect ma & pa investors. Similar to recent study that showed their cable news to be heavily skewed to opinion over minimal news, "...85 percent of the time, MSNBC viewers are being pummeled with far-left opinions by commentators that either also work for the Nation magazine or share the opinions of those that do..." from newsbusters site but reported all over the web & actual news programs over the past week. Despicable