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Posts Tagged ‘Rick Santelli’

Rick Santelli: ‘We’re America! We Don’t Believe in Consensus! We Set the Consensus!’

SantelliLiesmanCNBC’s Rick Santelli is nothing if not passionate. From his perch in Chicago today, Santelli appeared on the “Fast Money Halftime Report,” and went on a rant, debating CNBC’s senior economics reporter Steve Liesman, and others on the panel at CNBC headquarters.

Liesman and Santelli have gone at it before. Like here in 2009 and here in 2010. This time, the two debated inflation, interest rates and the Fed.

“Why do we debate it? Why don’t we let the market tell us?,” Santelli said in response to Liesman’s point about Federal Reserve moves. “I don’t care about general consensus. I don’t care that Europe offers entitlements. We’re America! We don’t believe in consensus. We set the consensus,” Santelli screamed, to cheers from the crowds behind in at the Board of Trade in Chicago. Give that man a lozenge.

WATCH:

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Does Rick Santelli Have New Rant Competition at CNBC?

SullivanRick Santelli, whose 2009 rant suggesting a Chicago Tea Party won him “father of the tea party” acclaim, isn’t the only CNBC personality capable of passionate, political pleas: his colleague Brian Sullivan delivered one this morning.

“We keep saying ‘the Republican Party’…but I don’t know who the Republican Party is anymore,” Sullivan said on “Morning Joe.”

He highlighted growing up in a conservative household, but as a modern-day fiscal conservative, who supports same-sex marriage and marijuana legalization, he is a voter without a political home.

Sullivan’s frustration escalated to full-blown screaming.

“It’s not a party, unfortunately Republicans, that I can get on board with, because I don’t like the small-minded attitude of a lot of the right wing stuff that comes out,” Sullivan said after banging the table.

Watch his rant, starting around the 12:12 mark, after the jump.

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Tim Geithner Says He Inspired Rick Santelli’s Rant, and, By Extension, the Tea Party

SantelliRantIn February of 2009, less than a month into the first Obama Administration, CNBC’s Rick Santelli delivered an off-the-cuff rant that many say was the inspiration for the Tea Party. On February 19, Chicago-based Santelli said, “We’re thinking of having a Chicago Tea Party in July. All you capitalists that want to show up to Lake Michigan, I’m gonna start organizing it.” In his new book “Stress Test: Reflections on Financial Crises,” former Treasury Secretary Tim Geithner says he unwittingly was responsible for that rant. Geithner writes:

I used to joke that I was personally responsible for the birth of the Tea Party, because Rick Santelli’s rant on CNBC was a response to the mortgage modification program, and the Tea Party movement focused so much of its initial fire on the financial rescue.

About 18 months after the rant, Santelli reflected on the movement, telling TVNewser, “This grassroots movement of the Tea Party, to me, is as American as it gets. And whether you are left, center, or right, to me it’s not about politics. It’s about, in this country, we’re not afraid to speak up.” If they put Father of the Tea Party on my tombstone, “they can bury me with a smile,” Santelli added.

(h/t Playbook)

A Look Back at ‘The Best Five Minutes’ of Rick Santelli’s Life

Remember this?

It was the rant heard ’round the world: “We’re thinking of having a Chicago Tea Party in July,” Rick Santelli said on CNBC’s “Squawk Box” five years ago today, February 19, 2009. “All you capitalists that want to show up to Lake Michigan, I’m gonna start organizing it.”

Five years later, Congress has more than 50 members affiliated with the Tea Party. In a 2010 interview with TVNewser, Santelli called the rant “the best five minutes of my life.”

CNBC’s Rick Santelli and WSJ’s Jon Hilsenrath Go At It

So, in a nutshell, Ben Bernanke said some things and then the markets tumbled.

But in the run-up to the Fed chairman speaking at a press conference this afternoon, following the Fed policy committee’s two-day meeting, the cable business networks spent hours discussing what he might say and what it might mean. The award for the most bombastic conversation of the day  (and isn’t that what it’s about?) goes to CNBC’s Rick Santelli and the Wall Street Journal‘s chief economics correspondent Jon Hilsenrath. I’m starting to think Santelli doesn’t really cotton to the economics types.

Santelli said Hilsenrath, and other Fed reporters, ask softball questions at Bernanke’s rare press availabilities. Hilsenrath called out Santelli for being a doomsayer.

“Part of me holding people accountable is holding people like you accountable, Rick” said Hilsenrath. “Good. Ask me anything pal,” Santelli shot back.

Watch after the jump…

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CNBC Hangs up on ‘The Call;’ ‘Squawk on the Street’ Adds Extra Hour

Some changes are coming to CNBC’s business block starting next Monday.

CNBC’s 11am show “The Call” (formerly known as “Morning Call”) which has been anchored by Melissa Francis and Larry Kudlow will be replaced by an extra hour of “Squawk on the Street,” TVNewser has learned. The new hour will be anchored by Carl Quintanilla from the NYSE, accompanied by Simon Hobbs, Rick Santelli, Gary Kaminsky and others. Kaminsky, along with David Faber, had been been fronting the network’s NoonET half hour “Strategy Session” which has also been canceled.

“Fast Money Halftime Report”goes to an hour at NoonET and will continue to be anchored by Scott Wapner.

Kudlow continues to host is 7pmET show and Francis will now co-anchor “Power Lunch” with Tyler Mathisen and Sue Herrera at 1pmET. As we reported last week, Michelle Caruso-Cabrera is moving off “Power Lunch” and has been named CNBC’s International Correspondent.

Internal memo from SVP and EIC Nik Deogun, after the jump…

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Sarah Palin Parties with the Main (or is it Lame?) stream Media

Seeming to put politics aside for a few hours — not one but two GOP governors stopped in to the MSNBC After Party last night at the Italian Embassy in Washington DC: New Jersey Gov. Chris Christie — often the target of MSNBC’s opinionated hosts — and former Alaska Gov. Sarah Palin (right, meeting NBC News correspondent Luke Russert for the first time). Palin, as we reported yesterday, was the guest of Fox News anchor Greta Van Susteren.

As MSNBC host/mixologist Rachel Maddow made a drink for “Glee’s” Jane Lynch, MSNBC boss Phil Griffin, worked the room. It’s his after party afterall. And not missing an opportunity to synergize, Cee lo Green, of NBC’s “The Voice” was the entertainment.

In addition to Van Susteren, we spotted Bret Baier from Fox News chatting with NBC’s Savannah Guthrie. NBC News president Steve Capus and “Today” show EP Jim Bell — who’d both just returned from London covering the Royal Wedding and sharing ratings info on his Blackberry. Looks like “Today” was #1 again on Royal Wedding day. (Final numbers later on TVNewser).

Eliot Spitzer in tow with CNN’s chief communicator Christa Robinson; Roland Martin, David Bohrman, and Sam Feist also of CNN and ABC’s Jim Sciutto.

We chatted up CNBC’s Rick Santelli, in from Chicago, Carl Quintanilla and Hampton Pearson. NBC’s Janet Shamlian, and Kelly O’Donnell and MSNBC’s Dylan Ratigan and Contessa Brewer, now almost four months along. Ed Schultz was proud to tell us he’s overtaken Anderson Cooper in the ratings at 10pm, in just his third month on the air. “Big news,” says big Ed.

Meanwhile, over at the Bloomberg/Vanity Fair party, tipsters tell us Jake Tapper, Dave Price, John Dickerson, Chris Isham, Gayle King, and Seth Meyers [who'd poked fun at the thought that the Bloomberg party was a hot ticket], were still in full party mode at 2:15am. “The patio is still packed,” we were emailed. “They started serving breakfast snacks.”

‘Morning Joe’ in Chicago: Oprah interview one of the show’s all-time ‘highlights’

“We’ve had a lot of good guests” in the years since MSNBC’s “Morning Joe” debuted in 2007, says EP Chris Licht.  “But this is one of the highlights of the show.”

“This” refers to Oprah Winfrey‘s live appearance Friday, when Joe Scarborough, Mika Brzezinski, Willie Geist, and the gang descended on the Windy City for a live broadcast.  Booking the Queen of all media was two years in the making, dating back to Licht approaching her at a New York gala.

“And I literally went up to her,” he told TVNewser in Chicago, “and I knew she watched the show, and I said, ‘You’ve got to do the show.’  And she said, ‘I promise you, I will do the show.’”

Oprah was true to her word.  And she was joined on the program by a veritable Windy City who’s who at the RL Restaurant, including David Axelrod, Illinois Sen. Dick Durbin, former Playboy chairman and CEO Christie Hefner, Rev. Jesse Jackson, CNBC’s Rick Santelli. Crammed into the main dining room was a makeshift ’set’, plus tables and chairs where VIP guests watched the show.

We chatted with Joe and Mika after the show. Our video includes a special cameo from NBC News president Steve Capus on the subject of the recent Comcast takeover of NBC.

Breakfast was served for attendees, some of whom arrived so early they were also in the house for “Way Too Early”, which Willie Geist anchored live from RL starting at 4:30amCT.  For Geist, the Chicago trip was a homecoming: he was born in suburban Evanston, and lived

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‘Father of the Tea Party’ Rick Santelli takes part in CNBC Election Coverage

CNBC’s Rick Santelli has left his usual spot at the Chicago Merc and is instead at CNBC World Headquarters this election day. Santelli, whose Feb. 2009 on-air rant gave birth to the tea party movement, will take part in CNBC’s midterm coverage.

Calling him “the father of the tea party,” Joe Kernen welcomed Santelli to “Squawk Box” this morning. Speaking of the Tea Party movement, Santelli said “I don’t think it’s going to morph into a party, but I think it’s going to morph into a political force that will have input into the system.” Talking about the extremes in this election, specifically Christine O’Donnell, Santelli said: “You need the extremes to bring the discussion in. She’s not going to win this time, but she’s going to alter the discourse, that’s good. We need extreme people.”

One-time presidential candidate Howard Dean joined Santelli on set and when the conversation turned to Pres. Obama, Kernen held up today’s New York Post (left):” “This is Rupert Murdoch… if this is not a repudiation…” “That is propaganda,” said Dean, “I think it’s a repudiation of the promise of the notion that he was going to change the way business is done in Washington and that did not happen.”

Santelli, a self-described Independent, will be on CNBC all day contributing commentary as well as his commodities reporting. When asked this summer in a TVNewser interview whether he believed he was the father of the tea party, Santelli said, “If that’s what they put on my tombstone, they can bury me with a smile.”

Election 2010: Business News Channels Have Primetime Plans for Midterm Elections

For the business news channels, daytime is where the bread is buttered, but for the 2010 midterm elections, they are all planning special primetime programming.

As one would expect, all three channels are bringing out their big guns for the night, with CNBC’s coverage being led by Maria Bartiromo, FBN’s by Neil Cavuto and Bloomberg TV’s by Charlie Rose.

CNBC will have live coverage from 7 PM to midnight, programming which it is calling “Decision 2010: Your Money, Your Vote. Maria Bartiromo and Carl Quintanilla will anchor until 11 PM, with Tyler Mathisen and Amanda Drury taking over from there.

Guests will include business leaders and political insiders, including former GM vice chairman Bob Lutz, former Continental Airlines CEO Gordon Bethune, former Commerce Secretary Carlos Gutierrez and former Labor Secretary Robert Reich.

And yes, Rick Santelli, who famously coined the phrase “tea party movement,” will be providing special commentary throughout the night.

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