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Posts Tagged ‘Jim Cramer’

Warren Buffett Surprises Teen Cancer Patient Live on CNBC

Tre Grinner is 17 years old. When he grows up he wants to be an investment banker. Right now, he’s battling Hodgkin’s Lymphoma.

Through the Make-A-Wish Foundation, Grinner has been working as an intern at Goldman Sachs. CNBC caught on to Grinner’s story and brought him in for an interview Thursday. Then CNBC went one further and got Warren Buffett on the phone to give Tre some investment advice. Buffett then surprised the teenager with an invitation to the Berkshire Hathaway annual meeting. “I’d like to meet you personally,” the oracle of Omaha said to the intern from New York. While he was at CNBC headquarters, Tre also spent a half hour talking stocks with Jim Cramer.

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Jim Cramer: My First Big Break

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You may know him for his stock-picking strategies, staying ahead of the bulls, and out of the way of the bears. But Jim Cramer‘s big break happened far from Wall Street, in Tallahassee, Florida, at a sorority house, which became the scene of a grisly crime.

Following a humble start as a newspaper reporter, along the way Cramer became a magazine writer, a lawyer, a hedge-fund manager, an online publisher and a best-selling author. And he did it all while honoring his parents’ wishes. Here’s Jim Cramer’s First Big Break.

Happy Silver Anniversary CNBC!

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April 17, 1989, 25 years ago today, CNBC went on the air. The president of NBC at the time Bob Wright introduced viewers to the Consumer News and Business Channel (CNBC), calling it, “the most significant programing effort NBC has ever undertaken outside of the network.”

At the time, CNBC was not the only game in town. FNN, the Financial News Network, had been on the air since 1980. But on May 21, 1991 the two channels merged. CNBC would own the business TV news space for a few years. Bloomberg TV launched in 1994 and CNNfn launched in 1995. CNNfn shuttered 9 years later. Fox Business Network began giving CNBC a run for its money in October, 2007.

All day the channel is airing Throwback Thursday clips from the last 25 years. Joe Kernen kicked it off this morning on “Squawk Box.” “25 years ago Google didn’t exist… 25 years ago the Ukraine was part of the Soviet Union… 25 years ago, Jack Welch ran GE which owned NBC which started CNBC.”

MediabistroTV was at CNBC HQ yesterday for a “My First Big Break” interview with Jim Cramer. We’ll have that for you coming up in a few weeks on TVNewser. After the jump, a look back at 25 years of CNBC:

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‘The Kudlow Report’ Signs Off

LarryKudlow2014Larry Kudlow closed his final episode of “The Kudlow Report” tonight surrounded by family, friends, CNBC staffers, and a Cake Boss cake. “I am a grateful camper,” Kudlow said. “The Lord has blessed me with a beautiful bride, a great life, a second chance, a new career, some wonderful friends, and some of the best debates on TV that there ever was.”

Kudlow, who has been with the network for all of its 25 years, will remain a contributor to CNBC. In fact, he’s already booked on four business day shows next week.

From 2005-2008, he hosted “Kudlow & Company,” and earlier in the decade he was part of “Kudlow & Cramer,” alongside Jim Cramer, who was a guest on Kudlow’s show last night: “We couldn’t say good-bye to this show without bringing on my great friend and former co-host, Jim Cramer.”

The show put together a clip reel of some of the high-profile guests who have appeared on the show over the years. WATCH: Read more

‘The Kudlow Report’ Cancelled, Larry Kudlow Becomes CNBC Senior Contributor

Environmental Portrait of Larry Kudlow, CEO, Kudlow & CompanyLarry Kudlow, who has been a part of CNBC for its 25-year history, is scaling back at the network. His 7pmET show “The Kudlow Report” will end its run at the end of the month, TVNewser has learned. Kudlow will stay on as a senior contributor to CNBC’s Business Day programs.

“The Kudlow Report” has been on CNBC since January, 2009. From 2005-2008, he hosted “Kudlow & Company,” and earlier in the decade he was part of “Kudlow & Cramer,” alongside Jim Cramer.

“In my career, I have encountered few television hosts with Larry’s range,” writes CNBC president Mark Hoffman in a note to staff, obtained by TVNewser. “As an interviewer, he is unfailingly polite and energetic, skillfully grilling guests but always ending a segment graciously. Larry has always brought great enthusiasm to every program and appearance.”

Hoffman says the network is working on “a new 7PM strategy.”

Erin Burnett Returns From Maternity Leave

ErinBurnettErin Burnett returns to CNN from maternity leave tonight. The “OutFront” anchor gave birth to her first child, Nyle Thomas Burnett Rubulotta, on November 29.

In addition to an interview with her former CNBC colleague Jim Cramer, Burnett will kick off a three-day series on kids and mental health tonight. She will speak with Patrick Kennedy tonight, Glenn Close tomorrow and Howie Mandel Friday for the series.

The Ticker: Comcast Buys, Rooney Writes, Fletcher Fictionalizes

  • Comcast has bought the 35-story 10 Universal City Plaza building in Los Angeles for approximately $420M, says Deadline. NBCU was already the majority tenant. NBC News’ West Coast operations will soon be moving to new offices on the nearby Universal City lot.

  • Former ABC and CBS News correspondent Brian Rooney has a new website. The Rooney Report is a subscription-based daily report that is a mix of straight news and “editorial wisecracks.” In his site design, he even uses a replica of his father Andy Rooney‘s famous Underwriter typewriter .

  • NBC News correspondent Martin Fletcher‘s latest work of fiction, “Jacob’s Oath” comes out Tuesday. The story is about two Holocaust survivors who meet after World War II, with one vowing revenge against the concentration camp guard who killed his brother.

The ‘Mad Money’ Team Rings The NYSE Closing Bell

The team from CNBC’s “Mad Money with Jim Cramer” continues to celebrate the show’s 2,000th episode.

Cramer acknowledged the anniversary on his program Tuesday, and yesterday evening he and his production team rang the closing bell of the New York Stock Exchange… albeit from the comfort of their studio in Englewood Cliffs, New Jersey.

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‘Mad Money’ Celebrates 2,000 Shows

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CNBC’s “Mad Money with Jim Cramer” celebrated its 2,000th episode tonight — MM2k. Cramer hosted a special broadcast from outside the New York Stock Exchange alongside dozens of “Cramericans.” “Other people want to make friends. I’m just trying to make you a little money,” said Cramer at the top of the show.

Tobin Smith: ‘I am No Longer a Fox Contributor’

Contributor Tobin Smith is defending himself following his dismissal as a Fox News and Fox Business analyst.

“I am no longer a Fox contributor,” he writes on his NBT Equities Research. “I thank them for a 14 year run… but all good things come to an end.”

Smith was shown the door late yesterday following a MarketWatch.com story about conflicts of interest. Smith made $50,000 for pushing a particular stock via email, often called Sponsored Research. But it leaves the impression on Fox viewers that Smith recommends the stock of Petrosonic, an energy company. (The stock is down -23% this morning). But Smith writes that he, “NEVER EVER mentioned Petrosonic on ANY appearance on Fox News or Fox Business News.”

Smith is not be alone, however. While $50,000 to tout one stock is a whopper of a payout, equity analysts, as one-off guests or paid contributors, are the lifeblood of the business networks. Viewers expect it. Producers need it. Networks have disclosures and policies in place for such circumstances whether you’re a guest or host. FBN’s goes like this:

“No Contributor to FBN, nor his/her firm, and/or family members are allowed to accept financial consideration of any kind whatsoever to issue research, advertisements, or to otherwise promote individual stocks or securities.”

But Smith argues that clause was not part of his Fox deal: “For the record, my last contributor agreement with Fox News did NOT include any exclusion from me or my company sponsored research.”

So is Fox making an example out of Tobin Smith? And how many Tobin Smiths are out there?

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