Tag Archives: Squawk Box

Is CNBC Overtly Racist? Treatment Of Carl Quintanilla.

.Anura Guruge December 2014 thumbnail

by Anura Guruge

A Few Related posts:
>> Cramer’s discredited stock picks.
>> Cramer on losing his pay check.

>> Jillert Anema whips Kernen’s ass.
>> Kernen mocks Indians.

>> Michelle Caruso-Cabrera.
>> New look CNBC.

++++ Search ‘CNBC’ for many other posts  >>>>

CNBC’s morning lineup.

Notice … very white, mainly male.

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cnbcsqk22222Yes, I ‘listen’ to CNBC (for about 70 minutes) each and every morning, without fail, and have done so for many a year.

I like to know what is happening, or going to happen, in the market — viz. stock futures, news, employment numbers, economic data — and CNBC is an ‘easy’ way to get that, though I also check ‘MarketWatch.com‘ on my pad while I ‘listen’ to CNBC. I stress ‘listen’ because I don’t really watch the TV screen. I can process the audio while I read other stuff on my pad, mainly the U.K. ‘Daily Mail‘, from cover to cover.

Yes, there are aspects of CNBC that I detest. Joe Kernen is an outright bigot and I used to like Rick Santelli before he became Mr. Tea Party.

But it has occurred to me of late that CNBC revels in being blatantly racist.

OK, you can see the lineup. The ONLY non-caucasian is Carl Quintanilla and I have noticed that they treat him very POORLY. I will get to that. Yes, they have one black guy who is invited to talk about tech — BUT notice he is NOT featured in the lineup. And then they have the EXCELLENT, Latino Michelle Caruso-Cabrera from New Hampshire.

They have very few black guests or guest hosts. Go check. They have a few Asians BUT I can’t recall them having an Asian guest hosts.

But, I come back to Carl Quintanilla and to a lesser extent David Faber (who has been with CNBC from the very start).

Carl Quintanilla is very smart, erudite, personable and competent. Ditto David Faber. The two of them are definitely smarter than Jim Cramer and Cramer knows that. But on ‘Squawk on the Street’ Carl Quintanilla is used as a FLUFFER, his role being that of throwing gentle puff-ball questions that Cramer tries to hit out of the park. Carl & David Faber get about 20% of the airtime, Cramer the rest. Not right. It should be the other way around. David and Carl are exceptionally bright, informed and cerebral. They can tell us much more relevant stuff than rambling Cramer.

How they treat Carl Quintanilla is NOT right. Carl deserves better.

Can YOU Say ‘No’ To An ETF Called “FKU”, Couldn’t Resist XOOM And This Seemed Providential.

Anura Guruge, June 8, 2013.

Anura Guruge

Related Posts:
No longer own Apple — Sep. 11, 2013.
>> AAPL, the conspiracy theory …
Jan. 25, 2013.

>> No longer trust Apple …
>>Jan. 24, 2013.

As I had said earlier I had to go shopping for stock now that I had sold the last of my Apple holdings. I don’t go shopping for stock that often. I tend to be a long term investor — to my cost, as my son (now a investing whiz) would point out. I also tend to prefer funds since I know that they have better insights into stock that I would ever have.

But, it is always fun to spend a few hours looking around.

Over the last week, given that I do wake up to CNBC ‘Squawk Box‘ in the morning, I have kept on hearing that UK is on the mend (if not ‘the rise’) and that this is a good time to get back into the U.K. I like that. I started investing, thanks to Margaret Thatcher, way back in the early 1980s when she ‘privatized’ the previously government owned ‘British Telecom’ (BT). You had to apply, by mail, for those shares which were oversubscribed to a crazy degree. Suffice to say that the lucky ones, like I, who got some shares made out like bandits. After that I bought every one of the ‘British’ institutions that were privatized and did quite well on each: British Petroleum (BP), British Airways (BA), and British Airport Authority (BAA). So, I wanted in on Britain. Was looking around for mutual funds and ETFs. Found this ETF with the symbol ‘FKU‘. Cracked me up. Was going to buy it just for the symbol! But then old age kicked in. I realized that it would be irresponsible to buy an ETF just because its symbol amused me. So I ended up buying two different ETFs and a mutual fund — for U.K. exposure.

Click for details from MarketWatch.com.

Click for details from MarketWatch.com.

Fidelity informed me that XOOM was doing a secondary offering. I didn’t even know that XOOM was public in the U.S.

I, and actually the whole family, LOVE the XOOM Bollywood commercials. The Willow Cricket Channel used to be jam packed with XOOM ads — and they were fun. I usually FF over commercials — but with XOOM we would REW and watch them over and over again.

Here is one of our favorites — and they also have a longer version of it.

Click to access YouTube video. Check YouTube for others.

Click to access YouTube video. Check YouTube for others.

Well, XOOM is doing well and with those commercials they will continue to flourish. Plus they are in a boom market with the ever growing base of affluent asians. So I didn’t even bother to wait for an ‘IPO‘ allocation from Fidelity.

And now what I think was a bit of serendipity. GoGo Air made a big announcement this morning (Sept. 11). I could understand the potential. I love the name. They are going to offer 60Mbps of Wi-Fi! Wow. That is 4 times more than I can get with TDS. I think I might have to move to a plane!

Click to learn more.

Click to learn more.