CNBC: Sue Herrera Tells It Like It Is 21 comments
May 08, 2008
Kevin S. Price
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CNBC's Sue Herrera, speaking of class clown Dennis Kneale* a few minutes ago:
And by the way, thanks for that oil-can't-move-to-$150 call yesterday, Dennis. And we had it set a new record high. So, he's a contrary indicator, folks, that's all we can tell ya.
Indeed.
And while we're on the subject, we'll add a new item to our list of Things We Don't Like About CNBC.
New Item
- Bob Pisani's crutch-like reliance on the word "here." If you haven't noticed this before, and get annoyed by verbal tics like this, we apologize for bringing it to your attention. If you have noticed it, we feel your pain.
Old Items
- The little clock in the upper-right corner of the network's charts rushing past in hundredths of seconds. As if the general tone of the whole production weren't short-term jumpy enough.
- Those Pat Boone gold ads. The leathery face is bad enough, but the overweening hucksterism has earned these spots a place in this particular hall of shame.
- Cramer's Fed-Begging. Part schtick, part sincere, entirely over the top.
- Rick Santelli not getting enough love. Chicago's own is a rare (if not "lone") voice of reason in the wilderness.
- Erin Burnett insisting that her guests say something positive. We like positive stuff ourselves--where it's justified. But scraping around for a "silver lining" for its own sake strikes us as something other than disinterested.
- Dennis Kneale. We don't understand Kneale's relentless, damn-the-evidence optimism on the economy and the markets. But the real problem with Kneale is that no one on CNBC's air gets more immediate corrections, curious looks, and dismissive headshakes. It's the willful cluelessness, not the opinions themselves, that make Kneale CNBC's most mutable voice. We simply do not understand why the network has made him such a fixture. Perhaps it's because no one with a fuller sense of reality could muster Kneale's spin--a kind of spin CNBC's decision-makers think they need to sustain their audience.
- "It's four o'clock on Wall Street. Do you know where your money is?" What in the world is that supposed to mean? Why do Maria Bartiromo and her understudies insist on saying it every day? This is a daily must-mute moment.
- The sound effects used to transition between images during Bartiromo's 4:00 summary schtick. Too loud. Too grating. Utterly unnecessary. Sort of like most of the fake noise made in NBA arenas these days: sound and fury signifying nothing.
- Inane questions about why the market is doing what it's doing at a given moment. Bill Griffeth on February 27th, when the S&P 500 was 0.73 points above the previous day's close: "Why are we higher today?" Good grief.
~~~~~~~~~~~~~~~~
* Who, in disucssing the "recession myth," just called Wal-Mart's sales the "single best indicator of the economy in the U.S." No. We are not making this up.
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This article has 21 comments:
The other day he was rejoicing in market bears getting hurt. Is this a news network that tells us what the market does or a cheering section for the market to go up?
Rick Santelli is the only true reporter at that channel and it might be a better network if he appeared for more than five minutes a day. How about a quick suggestion, lets swap one fewer hour of Kneale time for one more minute of Santelli time.
We keep Bloomberg on these days.
Look at Erin Burnett, and Dylan Rattigan. I can remember watching these two when they were on Bloomberg. They were what I would call "hard hitting" journalists who reported the news and asked the right questions. Now, they are nothing more than carnival barkers who's sole job is to take investing and turn it into a three ring circus, where gambling, hope and hype, have replaced real investing.
It is obvious that Dennie Kneale must have said to the exec's at CNBC when they hired him :
"Look GE, I will say anything you want. I will outright lie to the public and tell everyone what they want to hear, regardless if it is true or not.
I will hype the market more than anyone else ever has, and spin all bad news as good news, for I know I have zero accountability for anything I say. If I am wrong, and the entire world hates me and thinks I am an idiot, it wont matter. 'Cause you are gonna pay me so much money to lie and embarrass myself, that it is not going to matter"
And that my friends is exactly why Dennis Kneale acts and says what he does.
"What a tool!"
Anyways, Kneal is no worse that the idiot on Kudlows program..forget his name. They all practically shout down Joe Battapaglia.
For shame.
Dylan Ratigan is stuck on LOUD stutter. I can't stand him any longer. I turn down the volume whenever he comes on. At least he fixed his hair implants last week - he was getting a David Letterman hair-puff on his forehead. His questions during interviews are so long and interrupting, he eventually answers his own question. He needs to only be on Fast Money, and nothing else.
On a side note, I would like to comment on another Dennis: Dennis Gartman. Now, I don't get his news letter but most of the calls that he makes on FAST MONEY are so inccorrect or obvious. "I wouldn't be long of gold here," you'll here that one night and then the next night he's like "I am glad I have a large gold position" What a joke..
oh, agreed, rick santelli's a good (if rare) one :-)
thanks