Categories: OLD Media Moves

CNBC's Fast Money brings smack back to network

The New York Times’ Elizabeth Jensen wrote Monday about how CNBC is trying a show called “Fast Money” hosted by former Bloomberg reporter Dylan Ratigan that brings out some of the issues with broadcast business journalism that hurt the network’s reputation after the dot-com bubble burst.

Jensen wrote, “Later shows like the successful ‘Mad Money’ and ‘Fast Money’ appeal to a much more reactive kind of capitalist: the day trader who may not care about trade deficits and who just wants to pick stocks and get rich.

“This type of show is tricky for CNBC. In the day-trading era of the late 1990â€™s, the network was criticized for putting on many experts who wildly pushed stocks without providing analysis or skepticism.

“But network executives said that they had found a way to do such programming responsibly. ‘Weâ€™ve been very sensitive about wanting to do this the right way,’ said Jonathan Wald, who was named senior vice president of business news in June.

“The showâ€™s premise, Mr. Ratigan said, is simply this: ‘The world goes round. Letâ€™s turn it into money.’ As financial news has become a mere commodity, available everywhere, he said, CNBC has had to move away from simply presenting information.”

View Comments

FM says:
November 20, 2006 at 1:59 pm
It's a fair point to make - there are a wide variety of traders out there, and there are different key market segments in investing.
The point to remember about the dotcom era is that it was an investment bubble happening at every segment of the investing markets, and the big 7 figure salaried managers were as swept in as the smaller investor.
Difference is, the warnings it was a bubble came loud and clear in the months before it burst - IMO, the day traders were in a far better position to shift their stocks out and keep their shirts on. The fund managers, on the other hand, had their hands tied.
So, go for show, CNBC - where there's a viewing market, may as well plug into it.
2c.
Gary says:
December 4, 2006 at 9:15 pm
I like your show (FastMonay) better than MadMoney for real investments. I think the guest Traders are closer to trading floor and provide much better insite on the day-to-day activity of the market.
What a great show..
Thanks,
Gary Neel
Gary says:
December 4, 2006 at 9:20 pm
Excellent SHOW!
I really like FASTMONEY... Much Better Than MADMoney...
When to Sell MicroSoft ? now or later next year ??
Thanks,
Gary Neel
Patti Jo Petere says:
December 8, 2006 at 5:44 pm
Fast Money is a great show. Less of Dillon, however, more of the Guys. Bought VE thanks to Eric Bolling. Every person should have this "150 year old co" in his portfolio, I would have never found VE on my own and I'm making some fast money with it. We tape your show every week...it's a smart and fresh program. Thank you. I love Macke's face. Best regards, Patti Jo
Martha Gates says:
December 16, 2006 at 10:50 am
I really like Fast Money...I've bought a couple of stocks that were mentioned on the how. Please keep the program going.
sam norman says:
August 10, 2007 at 8:39 pm
Mr. Trump is right, and the reason he is right because he knows that by renegoitiating the rates in these adjustable rate mortgages stops the bleeding. And these condensending comments about the subprime market need to stop. After all it was the bankers who wrote this fraudulent paper and sold it to the public. The other thing isn't there a law on the books about bait and switch, it seems unlawful to advertise a teaser rate and then switch the consumer into something once you have them in your office. And somebody with enough guts from the government need to see if any security laws have been breached. The more I read about the details of this mess the more I see why this happens, this is pure greed at its worst, and one day the continuation of this nonsense is going to take everybody down with them rich and poor alike.