Word: bartiromo
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Most stocks that CNBC anchor Maria Bartiromo mentioned in a positive way on her Midday Call program in early 2000 had started moving up sharply about 10 minutes before her report, while stocks she mentioned in a negative way had moved down, according to a new study by Jeffrey Busse and Clifton Green, finance professors at Emory University's Goizueta Business School. The study supports the notion that Wall Streeters have fed Bartiromo market-moving information and traded before she aired it. In his book Trading with the Enemy, Nicholas Maier alleges that his former boss, trader and pundit...
...edition--but nothing else. Cramer declines to comment. His lawyer Eric Seiler says "so much of the book is factually flawed that they need to make changes beyond what they've acknowledged." Maier asserts that Cramer would load up a position and feed CNBC stars Maria Bartiromo and David Faber news that would move his stocks--a charge CNBC and Cramer strongly deny...
...channel," says XM's spokesman Charles Robbins. "We are doing for radio what cable and Direct TV did for television." Most of the programming is original, but the companies also simulcast the sound from TV news channels so business travelers can tune into CNN's Lou Dobbs or Maria Bartiromo of CNBC, shown above. Several car brands--including Mercedes, BMW and Cadillac--will offer factory-installed satellite radio receivers by the end of next year...
...Traders, however, are their own community - the ear of a stranger with a notebook and a tape recorder is nobody's first choice. Aside from a filial tolerance of floor-roamers like Maria Bartiromo and their camera crews, the NYSE is not built for media, and Wall Street as a news object is the opposite of Washington - it doesn?t need or want coverage to make its living, and traders don?t do soundbites in the best of times...
...lack of interest b) Greenspan's excited declaration that "Oprah's on!" c) tech problems d) Abby Joseph Cohen's surprising call that "Maria Bartiromo's not wearing...