CNBC journalist sucks up to Schwab
It was reported last week that broker Charles Schwab pulled its advertising from a CNBC show on the pornography industry.
On Thursday, Shwab reported earnings, and CNBC’s Joe Kernan fell all over himself to praise the company.
Kernan stated, “Schwab is a fine, fine company and a fine individual…and quite a sponsor for us.” Later, he added, “We are ready to just be sponsored on Squawk Box.”
The show then went to a break and what appears? A Schwab commercial. Coincidence?
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Squawk Box has become practically worthless as a news source becuse of stuff like this and because of its increasingly strident ideological posturing.