CNBC interpreted

[Snidely Whiplash]

I still watch CNBC but not nearly as much as I did a few years ago. They used to have guests who provided great insight and rationale behind stock picks that, with additional investigation, made me some decent money. Now it's mostly just listening to journalists who are overly impressed with themselves and have no credibility to make market or equity investment commentaries (why would I care what Bob Pisani or Ron Insana are watching or think might happen?). Pickens was exactly right when he told them "I'm the expert" (not that I'm 100% behind his opinion, but he has tons more credibility).

As to the CNBC app, I bought an iPad primarily to use with Version 2 and found it tremendously helpful for monitoring my stock watch list. It displayed a list of stocks and criteria (52 week range is particularly helpful) that really helped me guage where to direct additional funds / purchases. Unfortunately Version 3 of the CNBC app has, like many recent app updates, made the app format more suitable for use by a teletubby than an adult - lots of glaringly bright colors and huge blocks with minimal usable data. Much more flash than substance and Version 3 is unusable. I'm holding onto Version 2, buggy as it and crippled by the constant "upgrade now" prompt, for as long as I can.

 

[wrl11]

Joe is an idiot. Really a waste of space and frankly pisses me off on how someone so incompetent can be on such a popular show. I listen to both Bloomberg and CNBC at points through the day. If I want to know what is going on in the markets, I listen to Bloomberg. If I want to know what the talking heads are babbling about, CNBC. I like buying good companies that have short-term missteps targeting a 1-3 year investment horizon (I have bought TGT, WFM, CAB, SWHC, GM, FIRE in the last 6 months for example, INTC, AAPL, DD, NSC a couple years ago and sold out or down now) and once I heard EVERYONE on CBNC slamming oil and no one supporting it, I started buying XLE (S&P energy ETF), averaging down with a $78 average price currently (so up a couple bucks today) and I will continue to average down if it drops over the next year. CNBC is my go to place for finding ideas of companies they slam!

 

[Mulligan]

CNBC, the equivalent of financial porn, albeit entertaining at times. Maria Bartiromo and Sue Herera gave me impure thoughts. Maria left for FOX and Sue put on more than a little weight, so it's off to Bloomberg I go.

Despite moving to a 65 in tv, my screen cant quite get all of Sue in it.


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[foxfirev5]

Despite moving to a 65 in tv, my screen cant quite get all of Sue in it.


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As an old friend of mine used to say - "Well who the h*ll are you, Frank Sinatra?"

 

[audreyh1]

I still watch CNBC but not nearly as much as I did a few years ago. They used to have guests who provided great insight and rationale behind stock picks that, with additional investigation, made me some decent money. Now it's mostly just listening to journalists who are overly impressed with themselves and have no credibility to make market or equity investment commentaries (why would I care what Bob Pisani or Ron Insana are watching or think might happen?). Pickens was exactly right when he told them "I'm the expert" (not that I'm 100% behind his opinion, but he has tons more credibility).

As to the CNBC app, I bought an iPad primarily to use with Version 2 and found it tremendously helpful for monitoring my stock watch list. It displayed a list of stocks and criteria (52 week range is particularly helpful) that really helped me guage where to direct additional funds / purchases. Unfortunately Version 3 of the CNBC app has, like many recent app updates, made the app format more suitable for use by a teletubby than an adult - lots of glaringly bright colors and huge blocks with minimal usable data. Much more flash than substance and Version 3 is unusable. I'm holding onto Version 2, buggy as it and crippled by the constant "upgrade now" prompt, for as long as I can.

Yes, I am also very, very disappointed in the "new" version of the app. And I didn't ask to upgrade. It happened automatically, much to my dismay. Lost all my watch lists too - they just vanished.

 

[jerome len]

I watch squack box each morning while excercisingl. I switch channels whenever Boone Pickens comes on......he still thinks oil should be more expensive.....probably because he would make more money. Yes, Joe is an old codger but he asks a lot of good questions. Becky Quick is a former WSJ reporter and does a good interview.......do I use a lot of what I learn? Not really, it seems that the professionals get it wrong often enough that ther overall indexes make more sense.....so I buy the cheap Vanguard index funds way.....but....world events and emotions (North Korea and Sony) can change the direction of the market and that's the financial value of CNBC to me. I do buy individual stocks......but, only good long term stocks when the market has sunk.....like in 2009....and then usually hit home runs when the market returns. Today, just buy a little each month in basic index funds.....over the years i've done fairly well.

 

[clifp]

Yup. The Navy nuke program is pretty much the only place training people in that area.

PBS had a great program on Adm Rickover a couple of weeks ago.
All you nuke submariners should check it out.

One of the things that came out in the program was that vast majority of civilian nuclear operators in the US came out of US Navy. Adm. Rickover was a safety fanatic which is why the navy has operated hundreds of reactors for more than 50 years with no accidents. Much but not all of that discipline has been transferred to the civilian world.

 

[Nords]

Touche! However, guys who run nukes on ships learn very quickly that if they screw up - they die. Their safety record is pretty good - especially compared to civilian nukes. Admittedly, we've lost some nukes, but not to nuke accidents that I know of (NORDS?? Can you help us here?) Okay, maybe LOCK some Navy nuke guys in all the civilian reactors and THEN you will get the discipline and accountability to run them safely. Again, not an expert - just basing my thinking on the nuke record of the military. Only mentioned nukes as part of the fungibility issue. Maybe there are better ways, but I don't think we should reject any source of energy out of hand - especially if it gets us to predictable and stable sources and supplies.

If civilian nuclear plants were designed like Navy nuclear plants, and if they were staffed with operators at every station like Navy nukes (instead of more automation), and if they had to run training and audit and inspection programs like Navy nukes...

... then electricity would cost 75 cents/KWHr.

But there would have been no reactor accidents in the last 60 years.

There's a huge difference between running a tiny little Navy nuclear reactor at levels between 10% and 50% of max power (with occasional excursions up to 100% power as needed) and running a civilian plant that's orders of magnitude larger at 99% power for months on end.

Just kidding around....I was in the Minuteman Missile program late in my Air Force military career. had control of a lot of big Nukes..much different than a power plant.

Reminds me of Eric Schlosser's "Command And Control". Admittedly today I don't know how any of the strategic ballistic missile forces (Air Force or Navy) maintain the will to live.

As an ex Navy nuke who spent many years in civilian nuke plants I can tell you that most of the guys in the operations side of those plants are all ex Navy for the most part.

I've noticed that too, and I'd love to see industry statistics on it.

When I was at my last tour at a submarine training command, the nukes were regularly leaving active duty for whatever nuclear-field jobs they wanted. When I did my military transition planning, all of the "skills assessments" and "interest discovery" tools said that I'd make an excellent nuclear engineer or middle manager. Maybe so many Navy nukes end up in civilian industry because we can't imagine a better life for ourselves...

PBS had a great program on Adm Rickover a couple of weeks ago.
All you nuke submariners should check it out.

One of the things that came out in the program was that vast majority of civilian nuclear operators in the US came out of US Navy. Adm. Rickover was a safety fanatic which is why the navy has operated hundreds of reactors for more than 50 years with no accidents. Much but not all of that discipline has been transferred to the civilian world.

I'm halfway through that documentary and I'm loving it!

 

[rbmrtn]

Depends on the utility. Early years a lot more navy nukes, now not so much. Most of our operators were trained in-house. It's been a while but I think most of the operators I worked with were not navy nukes. Seems there were more navy nukes at the SRO level, especially in the early days ( late 70's, 80's).

 

[JPatrick]

Becky wouldn't honor my facebook friend request a couple of years ago, so I'm pretty much over her.. The therapy helped too.

 

[Birchwood]

I watch CNBC several times a week, but Joe Kiernen in the morning is to me
the most incoherent host and interviewer within the network. Once he was interviewing a big wig from PIMCO, and his comments and questions borders arrogance and the guy who really is an authority on the topic just smiled at him and turn to the other host without responding to him. When a guy stay in the same spot for a long time, he start to develop an ego and really becomes annoying. He is the same as Matt Lauer at NBC. An interview appears like giving a hard time rather than learning from the experts and asking serious good questions..

 

[RockyMtn]

Kiernan is a bit hard to take at times. For me being on Pacific time I rarely get up early enough to see him. Another that rubs me wrong is the "economist" Steve Liesman. Pompous would be the word that comes to mind. Julia Boorstin asks some of the dumbest questions and I'm not sure she really understands the media biz. When Santelli and Liesman start yelling at each other I turn off the volume.

Faber, Kelly Evans (nice addition) and Quintanilla seem the most intelligent.

So why watch? Even with the bad talent the network is much better than anything else out there. Bloomberg looks cheap to me. Fox Business is getting better but still has a way to go in terms of depth and breadth of coverage.

Never really act upon what anyone on the network has to say. Does seem like all they ever talk about is Apple anyways.

 

[aja8888]

Kiernan is a bit hard to take at times. For me being on Pacific time I rarely get up early enough to see him. Another that rubs me wrong is the "economist" Steve Liesman. Pompous would be the word that comes to mind. Julia Boorstin asks some of the dumbest questions and I'm not sure she really understands the media biz. When Santelli and Liesman start yelling at each other I turn off the volume.

Faber, Kelly Evans (nice addition) and Quintanilla seem the most intelligent.

So why watch? Even with the bad talent the network is much better than anything else out there. Bloomberg looks cheap to me. Fox Business is getting better but still has a way to go in terms of depth and breadth of coverage.

Never really act upon what anyone on the network has to say. Does seem like all they ever talk about is Apple anyways.

Liesman gave his market/economy predictions for 2015 yesterday. His scorecard for 2014 predictions was 2 out of 3 totally wrong (nice job, Steve ....You flunked.

Freshly married Julia Boorstin just likes to look pretty.... Kelly Evans is a good addition and seems like she has half a working brain in her head at 30 years old.

I record the Fast Money show that comes on after the market closes. They sometimes have some good interviewees on.

 

[Mulligan]

Liesman gave his market/economy predictions for 2015 yesterday. His scorecard for 2014 predictions was 2 out of 3 totally wrong (nice job, Steve ....You flunked.

Freshly married Julia Boorstin just likes to look pretty.... Kelly Evans is a good addition and seems like she has half a working brain in her head at 30 years old.

I record the Fast Money show that comes on after the market closes. They sometimes have some good interviewees on.

Kelly Evans definitely appears to bring her lunch pale to work and comes prepared. But that isn't the reason why I occasionally watch.
I will watch Fast Money a couple times a week. It has no value to me at all, but it is entertaining and they are passionate in what they do.


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[JPatrick]

Kudos also to Bob Pisani.
He's got some market smarts, always knows what is happening, and is a wealth of market history.
I always watch him, Bill and Kelly on the closing bell.

 

[marko]

Joe is an idiot. Really a waste of space and frankly pisses me off on how someone so incompetent can be on such a popular show.

From Wikipedia: [Joe Kernan] "He holds a bachelor's degree from the University of Colorado and a master’s degree in molecular biology from the Massachusetts Institute of Technology, where he worked on cancer research.[4]"

He is also a former stock broker.

He has an annual salary of $2MM and a net worth of $14MM.
Can't be THAT much of an idiot.

 

[explanade]

Some TV personalities prosper by becoming the object of wide derision, stay on the air longer that way.

Everyone mocked Howard Cossell but he was on for like 20 years?

 

[HFWR]

I think Becky's and Joe's on-air personas are scripted. I assume they're both plenty intelligent, annoying schticks notwithstanding...


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