Has anyone else noticed that there is a lot more fighting and yelling on CNBC lately? CNBC used to be known for its quality financial news and business content. Today, CNBC falls into the category of business entertainment. Reporters are constantly arguing amongst each other and over talking guests that appear on their programs. Anchors and hosts are giving more personal opinion than financial news. CNBC has become too ratings driven and has stopped providing objective business news.
For years CNBC was busy championing the cause of Wall Street and its executives. CNBC would have guests telling investors to purchase a company because it was the “hot stock to own”. People watched for investment ideas on the next hot growth area. Once the bull market ended CNBC shifted focus and began its doom and gloom reporting. CNBC aired specials such as ”Is Your Money Safe” that helped to spread fear and anxiety among investors. The panic has led to more viewers and higher ratings.
CNBC has become financial entertainment. Exchanges like the one above are happening far too frequently. I still watch CNBC but for general market news and entertainment only.
The on air “debates” are ridiculous. Kudlow is the worst for talking over a guest, but the slug fest b/n Gasparino and Liesman each morning is the pinnacle of bad TV. I find myself hitting the mute button and listening to Bloomberg’s internet streams more often this year than ever before.
I watch CNBC for money manager interviews and breaking news… not the commentary. The producers have gotten lazy and don’t want to schedule real interviews any longer.
@Matt SF
It is very unprofessional. I really wish they would let the guests speak. I get the feeling that Gasparino and Liesman don’t like each other at all.