CNBC sucks
I was watching CNBC on a flight today because the only other live news option was CNN. It is an absolute joke. They decided to interview B-tech Gordon Gekko (Joe Lonsdale if you're interested) about his old boss Peter Thiel and I kid you not this guy starts talking about how people were being BASED.
Across the whole broadcast it broke into 4 parts.
1. The s**t for brain anchors making the most obvious comments and very clearly reading a script written by some slave interns. The old guy is not as bad as Ross Sorkin or the woman but none of them know bugger all.
2. Finance and Business journalists pretending to have a finger on the pulse of markets when really they just regurgitate whatever someone with the words "fund" or "finance" says on Twitter.
3. Actual fund managers or executives with either an ego bigger than the Sun (Ackman), malicious intent (Ackman) or the need/desire to make a big deal out of minor corporate changes or programs (think Dimon at the top end and Juniors owner at bottom). Generally dont say anything that you dont already know and somehow take 15 minutes to make 1 point.
4. Politicians and FED board members who go on to complain or recite the Federal reserve website word for word. A variation of this is failed politicians or FED nominees who have bigger chips on their shoulders so complain harder.
For me, the most informative parts are
A) the ad break (did you know interactive brokers has inserted currency adjustments to foreign stocks so they can now be compared by retail investors)
B) the graphs between each ad break with the background music. I now know the Won USD exchange market like the back of my hand. Really Reuters graphs but that is superfluous.
I know that no one made me watch it and that Jim Cramers crazy shout hour isnt meant for me but is this the standard of financial journalism we have. Is Bloomberg TV any better? Fox Business? Or would I be better of watching Rachel Madow fof financial news.
Does anyone take CNBC seriously or is it just waiting room television?
Dude anyone in the industry has known this for literal decades lol
You mean BTEC right?
CNBC is best served as background noise. I throw it on in the morning and if I hear something remotely interesting I look up. 95% of the time, it’s Kernan struggling to pronounce a word. So then, I look back down at my breakfast.
Bloomberg TV is accurate and mostly unbiased, but very dull. It’s like watching someone write an essay. Fox News is the same as CNBC, but leaning towards the right. While I technically skew moderate-right, I just think every major news network (financial or not) just sucks.
Bloomberg itself is great. I try and read a good chunk of it every morning, just depends on my time. But CNBC as a show is ass content-wise, haven’t taken it seriously since 2009 when I was a teenager and thought Cramer was a “sToCk mARkEt GeNiUs”.
I don't watch it often, but generally like Bloomberg TV. It seems like just news stories and not the shock and awe regular news channels.
Despite Cramer being a clown, I actually find his show oddly entertaining and addicting. Anyone else feel the same?
I find him very entertaining. I feel like he is this finance ginger leprechaun dancing around - rofl.
nah it's cringe and a waste of time
CNBC American Greed is pretty entertaining
It is literally boomer TV by boomers for boomers.
After Hours is good
Even Bloomberg is retarded and insufferable. All the financial press is absolute garbage. I recommend zeroes tv.
how are you just realizing this.
Sure, I hear you. But at the end of the day, I think the masses are better off listening to a network that will be grilled to hell for giving financially catastrophic advice, and has to be responsible with their rhetoric as opposed to listening someone like Peter Shiff telling everyone to run to their bunkers and to buy all their savings in physical gold or some other tin-foil hat YouTuber/Blogger...just sayin'.
I remember tuning into CNBC when I was 19 and wanted to learn about stocks. In hindsight, I'm pretty glad I was exposed to tickers like FAANG and just learning about legit companies (not to mention earnings, takeovers, M&A, IPOs, economic data, etc.) as opposed to some garbage small-cap stock on Reddit.
These networks are pretty necessary, and a net-positive whether you like it or not.
Kind of shocked at some of these replies here, lol.
I agree with this take. Although CNBC doesn't really add value to anyone actually in the industry, it serves a good purpose for people just wanting to get involved in finance/markets. For me, I thought it was the holy grail while watching it during the lockdown. They get some interesting guests and I would say their best segment is the halftime show.
Shout out to Josh Brown and the Compound and Friends
I watched CNBC religiously in my early 20s, I made sure I learned the jargon and then later developed my own way to think about things. for example, XYZ fund manager says so-and-so, I'd look up to see if he'd said similar things in the past, was he accurate, what's the performance been like, and so forth. once I felt comfortable with that, it serves no purpose other than to look at kelly evans
CNBC is for common retail investors and background noise in finance offices, not for information. In the morning I usually have Bloomberg on while getting ready - but still cant say it's that engaging, just informative.
Both are spin but CNBC is more of a production and I mean that as an insult
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