Posted on 11/20/2013 7:56:16 AM PST by SeekAndFind
This is a total bombshell for the financial media world. CNBC's "Money Honey" Maria Bartiromo is headed to Fox Business Network, Matt Drudge first reported while she was anchoring "Closing Bell" this afternoon.
CNBC has confirmed this for us.
"After 20 years of groundbreaking work at CNBC, Maria Bartiromo will be leaving the company as her contract expires on November 24th. 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," CNBC's Brian Steel said in a statement to Business Insider.
This summer, New York Post's Claire Atkinson reported that Bartiromo, whose five-year contract is about to expire, had been in discussions with Fox Business Network and CNN.
(Excerpt) Read more at businessinsider.com ...
Recently I read a biography on Roger Ailes. He gushed about her and wished she could have come with him when he moved from CNBC to Fox. This move did not surprise me.
Santelli would have been a better pick.....Lips is just a propaganda spewer...
“contributions to CNBC are too numerous to list “ translates as “Don’t let the door hit you in the a$$ on the way out.”
Santelli is the only reason to watch CNBC in the morning. Now if Fox would get rid of Imus and put in real business reporters it would be worth watching in the morning.
..Lips is just a propaganda spewer...
The lips do look good!
It seems Fox is bringing in a lot of propaganda spewers. As Fox slides left an opening exists for the other cable news networks, but I doubt they have the vision, or courage, to throw out their sophomoric ideology.
From a cold start in 07 to ratings parity with CNBC this year.
Not a bad growth curve.
Agree Santelli would be great, even if he doesn’t leave he’ll have a lot of negotiating leverage.
Wonder who is getting dumped over at FBN?
I agree 100%. Santelli’s the man. Actually, I’m surprised CNBC kept him on board since he actually does his own thinking.
Spews, or swallows?
She’s a pump & dump queen.
Joe Kernen would have been a smarter choice than money chick or Santelli.
Santelli is Howard Beale. Joe Kernen is the financial equivalent of Brit Hume.
The only journalist - actual person breaking news in the traditional definition - is Charlie Gasparino.
Nobody gives ideological fellatio like the redhead on Fox Business. It’s particularly bad with respect to Warren Buffett.
History is going to be unkind to him, if the truth outs.
Then we have Larry Kudlow, who always tries to see “good news” behind every event ( even when there’s none ).
I understand your perspective on Kudlow, but he comes across to me as an investment professional, rather than an ideologue.
The trick to investing is not getting ideologically tangled in the business of investing.
Seeing the opportunity in EVERY piece of news is a skill you develop over a long period of time. Someone wins, and someone loses.
Michael Lewis did a book about the mortgage mess called The Big Short. He documented the rise of a few in the market that could see that the situation the USG had created had the potential of wiping out the entire economy.
To the credit and perseverance (and courage) of a few savvy, brilliant people, they figured out how to short the ENTIRE economy. They started investing in credit default swaps on MBS’ and other instruments.
It paid off huge.
What was worse is that the people writing the crappy mortgages at the bottom of the crappy MBS’s started buying CDS’s, and slices of CDS pools at the end, not even really understanding it institutionally until it was way too late. Goldman was selling crap out the front door to their best clients, and at the end, at the same time literally, shorting their clients out the backdoor. They started getting out of the MBS market first, but didn’t really know how to get all the way out without collapsing the thing completely.
They guys buying the CDS’s, you could call them vultures or scumbags for going short on the USA, but YOUR FIDUCIARY RESPONSIBILITY ISN’T TO BE A ‘PATRIOT’. Your job is to anticipate an opportunity in the market be ready to exploit it, and then execute when the time is right.
That, to me, is Kudlow. Every investor brings their feelings in to a certain extent (there may be an opportunity to supply Xyklon B, for example, to the Palestinians so they can kill Jews with it), and there’s a line too far.
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