ATHENS, Greece— A Greek journalists' union and the government have condemned the arrest of a journalist over an opinion column about a member of parliament. Right-wing Independent Greeks lawmaker Rachel Makri made a libel complaint against journalist Despina Kontaraki over her comments in the Sunday edition of Eleftheros Typos newspaper.» Read More
So if OPEC trumpets a 1.5 million barrel rise in daily output, is this just an admission of what’s going on anyway or is this new oil? If it’s the latter, then that is meaningful. If it’s the former, don’t get too excited.
German banks, Spanish farmers, Greek debt - what should Germany finance next? Answer: None of the above. End of discourse, writes CNBC's Silvia Wadhwa.
At the world economic forum in 2009 one leading economist told me he was perplexed. Why would an economist be perplexed as the world economy teetered on the brink you ask? Well it had nothing to do with the state of the global economy and everything to do with supply and demand.
If you aren't following the oil story, maybe you should be, writes CNBC's Louisa Bojesen.
Stock markets have been caught in a gloomy place for much of May. Despite some gung-ho risk-on days the overall trend for risk assets has been lower.
When CNBC started, Mark gave us a sense of stability and security. Six years later, in 1995, Mark gave CNBC what it needed most: its voice. Its personality. On the premiere of Squawk Box that year, Mark promised "a program like you've never seen before." Boy, did he have that right.
Corporate executives, on-air guests, commentators and contributors on CNBC had a special appreciation for Mark Haines.
It was an honor and a privilege to work with Mark for these past 22 years.
I learned an important lesson from Mark Haines as I embarked on a TV career five years ago after a quarter-century in print. It was the value of authenticity. On TV, Mark was the same person that he was off the air.
While I was waiting for the elevator to go back to my office from the NYSE floor this morning, the CEO of Heinz, Bill Johnson, came over to say hello. "I'm sorry about your loss," he said. "Mark was a great lover of ketchup, and a great lover of Heinz products." He was indeed. His death came like a thunderclap on the NYSE floor.
For years I worked with Mark Haines on Squawk Box, usually Friday mornings as a guest or guest host. We go back a long way. He called me 'Lawrence of America.' The nickname stuck. I loved it. Like every one I was stunned to hear the unspeakably bad news this morning.
Mark Haines was CNBC, and CNBC was Mark Haines. I learned this from Mark himself and the countless people who gave me their opinions of CNBC when they found out I worked there.
He taught me how to decifer the news and then showed me how to bundle it all together into one special package. That package became Squawk Box.
Through him, I learned how to stop speaking in paragraphs and pages in the pathological way most academics communicate. Instead, he forced informality, crispness, and candor. He pretended to be a “young curmudgeon” but was really a revolutionary with his rare, unscripted authenticity.
I will fondly remember our many “chats” on the set in the early morning hours and his curmudgeonly humor. He was the first (and I suspect the last) to call me “Cautiously Cautious Hugh” in the tradition of Damon Runyon.
A fixture on CNBC since the network's beginning and a welcome daily presence to countless loyal viewers, Mark brought to his work a wonderful mix of intelligence and gruff charm. He helped define not only CNBC but the entire genre of televised business news.
As a newcomer to CNBC, friends and acquaintances eagerly asked about all the personalities that make up the network, Mark Haines being front of mind. They wanted to know the story behind the American-flag tie, how tall he was in person, and whether I would mind telling him hello from a devoted viewer.
For a young reporter making the move from print to TV, Mark Haines was an intimidating figure. A grizzled veteran of the medium, he didn't suffer fools and took evident pleasure in putting both reporters and guests on the spot.
Mark would have been embarrassed had I told him to his face, but he was an inspiration.
Part of having been so privileged to have been the first president of NBC cable and one of the founders of CNBC, was having Mark part of the original team that made CNBC the huge brand it has become.
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