Keyword: santelli
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CNBC personality Rick Santelli said on Thursday’s “Squawk Box” that it takes a $1.19 to buy what a dollar bought before the coronavirus pandemic. Santelli said, “Our Consumer Price Index read for the month of December by Bureau of Labor Statistics expected to be up 0.2% up 0.3%. And if you strip out food and energy, it is exactly as expected, which is up 0.3%.” He continued, “Let’s go along here. Year over year, CPI is expected to be up 3.2. It’s up 3.4. The best it’s been was 3.0 in June of last year. That is the best since...
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CNBC editor Rick Santelli on Wednesday reacted to the October Consumer Price Index, showing consumer prices rose at their fastest rate in decades. Santelli pushed back against the notion that the inflation numbers were “temporary,” saying that “it doesn’t appear that way in the real world.” He warned that the “hot, hot, hot inflationary pressures” would be “very difficult for the fed to wash out of the system.
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CNBC editor Rick Santelli on Friday touted the latest jobs report, which showed that the U.S. economy added over 1.3 million jobs in August, and the unemployment rate fell to 8.4 percent. Santelli on “Squawk Box” called the improving economy following the devastating effects made by the coronavirus pandemic and ensuing lockdowns “wonderful news.” He added that the August report “will lead to even more strength” in the future. “I think that this is wonderful news, and I think that we have to keep a perspective that there’s many people that really, really want to come back to work but...
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Rick Santelli treading lighly due to his network still gives Romney a new one. Go: http://video.cnbc.com/gallery/?video=3000498723&play=1
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Prior to February 19, 2009, CNBC was an obscure niche network watched mainly inside Merrill Lynch offices ... At the same point, in February 2009, the term tea party was only a vague memory out of middle school history - with no particular relevance to politics today - with the exception of a few mentions by Ron Paul that never resonated widely. Meanwhile, crony capitalism (or crony socialism or cronyism if you prefer) was a problem, but it ... was kind of practiced in the dark and certainly not celebrated openly. That all started to change shortly after 9 am...
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With 30 year bond yields set to close their lowest in 10 months, CNBC's Rick Santelli is concerned at the signals that the Treasury yield curve is sending.If yesterday's minutes from the Fed were supposed to walk back their 'hawkish' tone, then Santelli slams they are "gonna need a really big billboard" because the term structure is still flattening. "When 'flattening' is the theme, that is not painting a rosy outlook for the long-term economy," and as Santelli warns, this is when the Fed is pulling out of its extraordinary policies. Santelli screams, "the entire monetary policy side has to...
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Five years after his "rant heard around the world" spawned what is now known as the Tea Party movement, CNBC's Rick Santelli appeared on Breitbart News Sunday on Sirius XM Patriot channel 125 and said the energy from 2009 has created a powerful political movement that has already achieved many tangible results while changing the political landscape. Speaking to host and Breitbart News Executive Chairman Stephen K. Bannon, Santelli said the Tea Party movement is a big-tent movement that attracts Americans from all walks of life. He said what is appealing about the movement to him is its emphasis on...
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The American public is "just too darn stupid to get it." That is the message that CNBC's Rick Santelli hears from the mainstream media when discussing polls that suggest US citizens are against a rise in the debt ceiling. Perhaps, as he exclaims, "we should only poll the Harvard and Princeton professors," since they have such a good grasp of reality. But, it is the "giant leap of faith" that the Fed can really move unemployment and keep the economy humming along to support the level of equities that has the Chicagoan irate. Congress - listen up - he explodes,...
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As we pondered this question, we also wanted to know when and where the two groups intersected. We started with an informal survey. We asked several people the following question: when do you think the Tea Party movement began? They answered: when Rick Santelli ranted on the floor of the Merc in Chicago in February, 2009. But our research into the history of the Tea Party took us back to 2004, to its first inklings as an organized force for rousing ordinary citizens to fight back against big government. In that year, Libertarian David Koch founded Americans for Prosperity, a...
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I have been observing over the past months that various indices have been nosing down. Now we have confirmation from the BEA that GDP fell by -0.1% in Q4 of 2012. Here is CNBC’s Rick Santelli’s take on the numbers. This is a big swing and a miss to expectations of +1.1% and a BIG drop from Q3′s print of +3.1%. At least Personal Consumption Expenditures (PCE) added 1.52% before the Fiscal Cliff surrender. Notes that PCE has been consistently lower after 2007 than before. This isn’t your father’s Oldsmobile … or recovery. On the other hand, defense spending fell...
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Rick Santelli made a stunning observation Wednesday about the shocking report that the economy actually shrunk in the fourth quarter last year. "We are now Europe," he declared on CNBC´s Squawk Box. "Hey Joe," Santelli said, "when you act like Europe, you get growth rates like Europe, and our discussions with economists sounds like we´re in Europe. They have the same discussions constantly." "They’re always doing the right thing," he continued. "They’re always thinking they know better. And this is the kind of growth. We have become Europe. We are now Europe."
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ou might remember that in July of 2011, when fighting over the debt ceiling, president Obama- right before he left for his 17th vacation at Martha’s Vineyard that year- complained about congressional inaction by saying that’s it time for the country “to eat its peas.” From CBSNews:"I've been hearing from my Republican friends for some time it is a moral imperative to tackle our debt and deficits in a serious way," Mr. Obama said. "What I've said to them is, let's go."The president said today he would not accept a smaller, short-term deal. "We might as well do it now," he said....
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At 9:45 AM CST today Rick Santelli white-boarded the total debt that our children are currently charged with. The amount is $ 3.5 MILLION per baby born today! Rick named this economics lesson "All Kids Left Behind," and encouraged all to use this term often.
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Rick Santelli sees no signs of strength in the November jobs numbers and rejects arguments the economy wouldn't be hurt by higher tax rates.
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I was interviewed this morning by CNBC’s Rick Santelli on the FHA. Here is my interview. So little time, so much to discuss. So, if real Personal Consumption Expenditures only rose 1.4%, what drove the 2.7% increase in real GDP? Residential construction and Federal government spending. Real federal government consumption expenditures and gross investment increased 9.5 percent in the third quarter, in contrast to a decrease of 0.2 percent in the second. National defense increased 12.9 percent, in contrast to a decrease of 0.2 percent. But real residential fixed investment increased 14.2 percent, compared with an increase of 8.5 percent....
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Following today’s report on the increase in applications for U.S. unemployment benefits, CNBC’s Rick Santelli decided to take on the Obama campaign and its claim that the president has created “five million jobs.” “You can slice it any way you want!” Santelli shouted in his inimitable style. “The president was sworn in in mid-January of ’09.” “If I go back and look at nonfarm — and I have all the data! — actual nonfarm payrolls, the establishment survey, the headcount survey, and I take the 818 minus thousand from January,” he added, referring to the monthly job loss numbers the...
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This morning, Rick Santelli said the revised GDP numbers are "depressingly weak": CNBC reports on the numbers: New durable goods orders in August fell by the most since the recession and a separate reading on the broader U.S. economy came in much weaker than expected. But weekly jobless claims sank to a two-month low, in a hopeful sign for the labor market. New orders for long-lasting U.S. manufactured goods in August fell by the most in 3 1/2 years, pointing to a sharp slowdown in factory activity even as a gauge of planned business spending rebounded. The Commerce Department said...
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Video Transcript: other reasons, too, which we'll talk about later. cme group, rick santelli. looking at some long-term effects of qe. indeed, there is another name for qe. and we'll get to that momentarily. one of the great things about the human race is they can assimilate and accommodate. we talked about the swiss psychologist in the 1930s, the 1960s, really doing a lot of work here. what it simply means is that we're very adaptable as humans. i think quantitative easing fits into that. it's something that really doesn't seem like it's the answer for problems, printing more money,...
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Stock Market Watch reported: Best quotes from Koutoulas: “Crimes were unequivocally committed and I will do whatever I can to continue to do the government’s job for it and help see justice done.” “MF Global had a choice. Do we cheat or go out of business. And they cheated. They broke the law. And these took these customer funds to cover margin calls.” “Attorney General Eric Holder’s Department of Justice is the biggest enabler of financial crime in U.S. history.” And the kill shot: “I will take this to all 50 states. And we will win. We will get a...
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Rick Santelli on Monday tore into the mainstream media for ignoring the London Inter-Bank Offer Rate (LIBOR) scandal and chided them for wasting time on petty and useless headlines. Wait, what’s the LIBOR scandal? “LIBOR … is the average interest rate the world’s largest banks pay when they borrow money. And this figure … is used to price hundreds of trillions of dollars worth of financial instruments, from high-yield corporate debt to student loans,” Christopher Matthews writes for TIME Business. Simply put, LIBOR isn’t just some “financial services sector thing” — it affects the everyday interest rates associated with loans,...
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