Jim Cramer vs. Dr. Doom in Loco Econo Throwdown!
In the vulva corner: Gloomy, sky-is-falling, party boy economist Nouriel "Dr. Doom" Roubini. In the bug-eyed corner: Jim Cramer, hollering CNBC stock shill. They're fighting, and we all win!
Welcome to the Party, Life Insurers
• The Treasury is expected to announce in the next few days that it will be extending bailout funds to a handful of life insurance companies. [WSJ]
• Brian Moynihan, who took over Merrill Lynch after John Thain was ousted, is emerging as a potential successor to Bank of America chief Ken Lewis. [WSJ]
• Not that Lewis…
Cramer Calls It! The Depression Is Over!
Stocks were up big today after regulators agreed to change an accounting rule and world leaders at the G-20 summit pledged more than $1 trillion to revive the global economy. So you know what that means: Jim Cramer now says the depression is over! Feel better now?
Layoffs & Cancellations
• NBC is chopping 6 shows, including, yes, the Chopping Block. [THR]
• It's rumored Budget Travel has, yes, cut its budget. [Gawker]
• Another stain on Jim Cramer, not that he needs it: In '07, he called Andrew Cuomo a "communist" for proposing mortgage industry regulation. [NYT]
• The Times's Bill Keller sheds some…
Jim Cramer's Struggling Website Cans 18
Getting crushed by Jon Stewart last week wasn't the end of the bad news for Jim Cramer. Last week, TheStreet.com, the financial news site that Cramer co-founded and continues to oversee as chairman, lost its longtime CEO, Thomas Clarke. Today the company laid off 18 staffers as part of a plan to slash $2.4 million…
Two Presidents, Three Books
• Former president George W. Bush has signed a deal with Crown to publish a memoir. Rumor has it he landed a $7 million advance for the book. [AP, NYP]
• For his part, Barack Obama has two books in the works with Crown. He plans to release an abridged, youth-oriented version of Dreams From My Father as well as write a…
Jim Cramer Can't Quit Jon Stewart
Is there anything left to the Jim Cramer-Jon Stewart feud? Probably not, but Cramer went on the Today Show to ask for a do-over, claiming his groveling on The Daily Show was just an act.
Jon Stewart and Jim Cramer Have Posses
The suits have jumped into the Jim Cramer-Jon Stewart drudge match: NBC Universal CEO Jeff Zucker and Viacom CEO Philippe Daumann traded jabs today over their corporate assets at today's McGraw Hill Media Summit.
Nothing's Gonna Get Jeff Zucker Down
• NBC chief Jeff Zucker says that despite the fact Jim Cramer got his ass handed to him last week by Jon Stewart, it's had absolutely no impact on CNBC. Believe that and you may also be willing to buy that everything's perfect at MSNBC and NBC, and Zucker has a perfect head of hair, too. [Portfolio, B&C]
• Crain…
Heckuva Job, Cramer
NBC capo Jeff Zucker, today: "CNBC is a spectacular organization and in particular Jim Cramer."
Stewart's Ratings Soar, More Conde Cuts Expected
• Jon Stewart's smackdown of Jim Cramer last week generated some of the biggest ratings The Daily Show has ever seen, not surprisingly. [MediaPost]
• Portfolio editor Joanne Lipman has once again defied logic (and some of her Condé colleagues) by putting Sarah Palin on the cover of the new issue. [WWD]
• Condé Nast is…
Cramer's 'Back to Business as Usual'
CNBC didn't do the honorable thing and shut down today. So, Jim Cramer still has his psychotic money clown show which he opened tonight with the sort of humor that makes him a broadcast treasure.
The Peacock Circles the Wagons
Denial appears to be the official position on Jim Cramer following his pantsing by Jon Stewart. CNBCers don't believe there's a problem, while MSNBC is doing their best to pretendCramer doesn't exist.
Jim Cramer's Slow Death
Jim Cramer is a buffoon and dispenses terrible advice; by all accounts, he was a mediocre hedge fund manager before he even became a media celebrity. But he has a long track record for legally questionable behavior, too, as numerous people have pointed out over the years. Gawker has a good roundup of the charges that…
The Jim Cramer Indictment: Five More Counts
Jim Cramer knows how easy CNBC is to fool. He used to play the network himself. Here are five episodes from the stock speculator's past that could use some dusting off.
Daily Show Reviews, New Bosses at AOL and Fox
• Jon Stewart's showdown with Jim Cramer is getting mixed reviews, mainly because both deviated from their typical personas: the normally brash Cramer was a wimp and Stewart wasn't funny. It "felt like a Senate subcommittee hearing," writes Alessandra Stanley. [NYT, Salon, Atlantic, ABC]
• TMZ and Extra have extended…
Wisps of Hope, Cramer Accepts His Beating
• Investors are finding "wisps of hope" in the current not-so-bad economic news, so the three-day winning streak on Wall Street may continue today. [DB]
• AIG reached out to Warren Buffett twice before ultimately collapsing. [BN]
• Citigroup is looking at adding four new people to the company's board. [WSJ]
• Ken…
Your Conciliatory Jim Cramer Moment of Zen
The only thing that stopped last night's Jim Cramer-Jon Stewart battle from becoming a total bloodbath was that it was such a rout, with CNBC's Cramer in steady retreat.
Stewart Can't Land Knockout Punch On Meek Cramer
What happened to Jim Cramer? CNBC's Mad Money host screams stock-market tips with alpha male abandon, but he looked like he was going to wet himself in his Daily Show grudge match tonight.
Having been slammed repeatedly by host Jon Stewart over the past few days for one-sided journalism, Cramer fled any real direct…
Leak: Daily Show Showdown Is Brutal
It sounds like Jon Stewart will be giving Daily Show guest Jim Cramer the Tucker Carlson treatment: The Daily Show's Thursday taping ran way over schedule as Stewart "repeatedly chastised" Cramer, AP reports.
