Daily Commentary – Friday, October 10, 2014 – Jay Leno Set to Host a New Show on CNBC

• His comeback will be a primetime CNBC series about cars

Daily Commentary – Friday, October 10, 2014 Download

The Rich Get Richer … Maria Bartiromo Leaving CNBC For the FOX Business Network

The #1 Cable News Network just landed a huge get for their Business channel …

From TV Newser comes the following story, after 20 years at CNBC, Maria Bartiromo is leaving and headed to the the Fox Business Network. The “Money Honey”will re-join Fox News chairman Roger Ailes, who first put her on the air when he ran CNBC. Maria over the years has also been called the “Business Babe.”  But seriously, Maria Bartiromo is a ground-breaker in the industry, not just for woman, but for reporting on major business stories over the years and making it possible for business channels to succeed.  Maria Bartiromo was the first correspondent to report live every day from the floor of the New York Stock Exchange. It is hard to believe that I have been watching CNBC that long. Bartiromo will also be joining Lou Dobbs at FBC, who she also worked previously with at CNBC.

Breaking: Maria Bartiromo is leaving CNBC to join Fox Business.

“After 20 years of groundbreaking work at CNBC, Maria Bartiromo will be leaving the company as her contract expires on November 24,” a CNBC spokesperson tells TVNewser. “Her contributions to CNBC are too numerous to list but we thank her for all of her hard work over the years and wish her the best.”

Drudge Report, which was first to report the news, says Bartiromo will anchor a daily FBN program during the market hours and also have a role on Fox News.

Why I love Maria Bartiromo and have watched her for years on CNBC. Watch the video below and her rip Democrat Senator Ben Cardin a new one for being disingenuous on tax reform and only wanting to tax the rich as an answer. As she says, “its your way or the highway”. And when the senator made the comment, next time let me answer the question, Maria responded and hit him over the head again by saying, “Oh you’ve answered. You have answered quite clearly”.

Maria Bartiromo’s statement on her leaving CNBC:

“After twenty great years of having a front row seat to some of the most important economic stories in the world, it’s hard to sum up the gratitude and appreciation I have for the team that helped make it happen. I am incredibly proud of what we have been able to accomplish. I want to thank all the people at CNBC who have been with me on this journey, and of course the viewers and investors everywhere for making me love every minute of it.”

From The New York Times:

Ms. Bartiromo is expected to work on a program about the day’s developments on Wall Street. Her new deal is also expected to include exposure on the far-more-watched Fox News. (Neither Fox outlet commented publicly on Monday about the hiring.)

The signing is a coup of sorts for Fox Business, which has struggled to establish a profile. Last week, Fox Business averaged fewer than 10,000 viewers in the group that attracts advertisers, those between the ages of 25 and 54. CNBC had more than three times as many with 31,000.

Twitter: @MariaBartiromo

CNBC’s Rick Santelli on the Obama Job Recovery (Obamanomics) … Blasts Liberal Media’s “Ostrich Economics”

MORE MSM BIAS … CARRYING THE WATER FOR BARACK OBAMA …

CNBC’s Rick Santelli provides a lesson in telling the truth to the liberal main stream media regarding the disastrous Barack Obama jobs numbers. Santelli blasted the MSM for purposely and willfully misleading the American public by just saying that the unemployment rate was reduced to 8.1%. Santelli dubbed it “Ostrich Economics”. Honestly, it is criminal what the liberal MSM is doing and shilling for Barack Obama and his failed Obamanomics.  The media complacency and yes, conspiracy, of continuing to carry the water for Obama is an outrage. Does anyone think that the MSM would be so quiet and not investigating the details of the numbers if this terrible job recovery was taking place under George W. Bush or any other Republican President?

There are some highlights I’d really like to hit. The first one is that about 41.3% of unemployed have been unemployed for 39.1 weeks. That is huge and pretty much says it all. This is the weakest recovery since the Great Depression. A whole 4/5ths of the drop of the unemployment rate is due to a drop in the labor force participation. It is the lowest since 1981.

Many of regional news shows were reporting on just the unemployment rate. That’s “ostrich economics.”

The MSM will lie, cheat and steal so to see Barack Obama win reelection in 2012. Look for the unemployment rate to go below 8% leading up to the 2012 reelection and the MSM touting it as a success for Obama, when the reality is that there are a record number of Americans no longer in the work force.

Sorry, but the real unemployment rate as reported at Zero Hedge in the United States is 11.6%. Anyone think that Barack Obama and his shills in the MSM would ever report that?

The implication is simple: using a real labor force participation rate long-term average of 65.8%, the real unemployment rate in April was 11.6%, based on the 5.4 million additional workers that should be counted as part of the U-3 which then means that the real number of unemployed is not 12.5 million but 17.9 million, which in turn implies a 11.6% unemployment rate in the US. This also means that the spread between the propaganda, and the real number is now 3.5%: the most it has been since the early 1980s.

CNBC Anchor Mark Haines, Founder of Squawk Box, Dead at the Age of 65

REST IN PEACE MARK HAINES

How very sad, CNBC anchor Mark Haines passed away Tuesday at the age of 65. Haines was the founding anchor of CNBC’s morning show “Squawk Box,” was co-anchor of the network’s “Squawk on the Street.” CNBC’s president Mark Hoffman called Haines a “building block” of the financial networks’ programming.

I have been watching since the early 90′s and there was not a day that went by that I did not watch Mark Haines in the morning on Squawk Box. As stated at the Daily Caller, what made Mark Haines so unique and appreciated was that he asked that questions  that us regular folks asked, not the over educated and massive ego intellectuals did. Mark was one of us. Today, there was actually a moment of silence on the floor of the NY Stock Exchange in memory of Mark Haines.

CNBC President Mark Hoffman called Haines a “building block” of the financial network’s programming. Hoffman said Haines died at his home.

“With his searing wit, profound insight and piercing interview style, he was a constant and trusted presence in business news for more than 20 years,” Hoffman said in a statement to CNBC employees. “From the dotcom bubble to the tragic events of 9/11 to the depths of the financial crisis, Mark was always the unflappable pro.

“Mark loved CNBC and we loved him back. He will be deeply missed.”

Mark Haines was a master of mixing economic information and humor and providing unbiased numbers in a stock trading environment that all too often had an agenda.

Haines was well-known around the newsroom for giving his colleagues on-air nicknames. He was responsible for calling David Faber “The Brain,” Joe Kernen “The Kahuna” and Steve Liesman “The Professor.” If a colleague ever complained about it, he would respond, “What’s worth more, your name or the nickname?”

At such an uncertain economic time where jobs are needed to get the United States back on track, a voice like Mark Haines will most surely be missed. Who can forget the tearful good by of Mark Haines to CNBC’s co-host Erin Burnett. Now we say goodbye to Mark.