If anyone who knows the history of telephony, the brand name of a loudspeaker tided to an ole Ma Bell phone was called the Spokesman. And unlike a Polycom, the quality may had been suspicious. It was designed to listen in to “morning calls” from Wall Street firms. In fact groups of people would huddle to what was nicknamed “the squawk box”…
This ol device was what inspired CNBC to introduce a “pre game show” in 1995.
25 years later, your’s truly wants to record about 5 minutes of hard-news plus no-so real time quotes and numbers and snatch that degraded brand that is like chewing gum for day traders into ear candy for people who live to crunch numbers… and no I am not talking about the ol Macintosh kids game. I love using that as an idiom.
If I learned anything during COVID19, there is not enough analysis; likewise there is not enough information. Back when Squawk aired on CNBC, it was in the early days of the web; and not everyone had access to the overall Internet. Today it’s so efffing hard to find detailed market information that The Wall Street Journal used to put in the C-section. Our Presidant doesn’t care about the more long term indicies that are measured like a pool; all he cares about is the market of public opinion – The Dow.
Once a week, on my YouTube, my SoundCloud, etc, you’ll hear roughly 5 minutes of reading stories of the previous night’s earnings reports; before the opening bell market reports; and little on politics. Tech stories may dominate the lead.
The audience is for people who follow markets, understand business; understand the over-zealous “profit” culture of todays corporate governance, and trying to put a news story one reads on the web into something that’s broadcast-able; and covering beats that the traditional cable business channels left behind ages ago.
I don’t want to be your daily teacher. I want help you be informed on weekly and daily basis.
Since the passing of CNBC’s Squawk Box anchor Mark Haines, business cable has also gone down the tubes while the markets have continued to go up.
His passing marked a new beginning in the era of personalities, you know news “anchors” with opinion and perfect delivery, with a Joe On the Street attitude.
Mark Haines was a man who looked out for the average investor, but came off as a professional news anchor. If any Squawk geeks remember the days at their Fort Lee, New Jersey studios, he was a goofball. He was threatened many times by “management” to be fired, but a GE board would send a fax to the offices across the Hudson sticking up for the man while managers would go MIA. Other times, he would have fallout hats when a foreign markets would go down, potentially insulting the viewer in that region.
He was funny, humorous, and had the opinions, after he did his research.
Most importantly, he was known for his aggressive interviewing style of CEOs or anyone in power. This was the skill he learned in law school before going into TV journalism. I always thought the best anchors had prosecutorial backgrounds. A lot of seasoned professionals in journalism or Corporate America thought he was mean to them. He treated people as if they were no different than anyone else.
The best moments of his career, was the end. Just a week before his passing, Cisco had really historical bad quarter. It was so bad even the street and other business press was speculating if Cisco bought Juniper, Brocade and all the other networking gear companies if that would boost the company. Johnny Boy Chambers (as I like to call him) got grilled by Haines in the middle of the interview with the statement stating things like leadership problems and not blaming the sector as a whole. This lead Chambers into an awkward position. Sadly this was his last quarterly interviews with CEOs as Cisco, being a bellwether IP networking company to be the last company to report.
The interview was so great, I watched it numerous of times.