Dead Air Time

“What we have learned from history is that we have not learned from history.”

 –Benjamin Disraeli

And you wonder why I am critical of Fin TV: 

CNBC spent all week waxing enthusiastically about the SK Hynix ($SKHYV) Nasdaq listing and little time of analytical substance (that would help their viewers):

SK Hynix rises 13% in Nasdaq debut. Chairman says ‘demand is enormous’

SK Hynix shares fall after stellar Nasdaq debut

The JPMorgan of Crypto

No more vivid example of a softball interview characterized by the absence of ANY critical questions can be seen in CNBC’s Kate Rooney’s smiling and adoring sixty-minute interview with FTX’s Sam Bankman-Fried only a few months before his indictment.  

Listen carefully to the kowtowing:

FTX still has $1 billion to deploy, says CEO Sam Bankman-Fried – YouTube

What a continued injustice to their most important stakeholder… CNBC’s viewers. 

Position: None

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Posted by Doug Kass

Doug Kass is a world-renowned hedge fund manager with decades of experience and success navigating through some of the most turbulent periods in market history. He is known for his time-tested analytical skills and ability to look past the current noise and herd mentality. On TheStreet Pro, Kass provides frequent market commentary and investing ideas for active investors throughout each trading day in Doug’s Daily Diary. He also serves as president of Seabreeze Partners Management Inc. Previously, he served as a senior manager at Omega Advisors, a $6 billion investment partnership. He co-authored a book with Ralph Nader and the Center for the Study of Responsive Law called “Citibank: The Ralph Nader Report” and can be found as a guest host on CNBC's "Squawk Box." A Note from Doug: Current strategies and actionable trade ideas -- all on one dynamic platform built exclusively for active trades. From sudden sell-offs to sudden spikes, TheStreet Pro arms you with crucial analysis -- at a rapid fire, professional pace -- to help you make sound trading decisions -- every day, every hour, and every minute. Join me and my team of professional traders for unique perspectives and breakthrough investment opportunities.

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