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Financial Times Apology Mocks CNBC’s Jim Cramer

Cramer is going after the Financial Times following a spat over the latest US inflation reading for July, leading to the host demanding an apology.

Eduardo Razo

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CNBC’s Jim Cramer is going after the Financial Times following a spat over the latest US inflation reading for July. The feud emerged following the Labor Department informing that consumer prices jumped by 8.5% last month, a slight downtick compared to June.

The Financial Times “Alphaville” blog had earlier ridiculed Cramer for proposing the US had hit the pinnacle of inflation, writing in a July 13 post that his prognosis “leads us to worry that it hasn’t.”

When the latest figures surfaced, Cramer immediately requested that the publication apologize for its past mockery.

“Waiting for the Financial Times to apologize for trashing me when I said we have peak inflation,” Cramer tweeted. “I think their insulting words actually are NOT funny.”

Following Cramer’s tweet, the “Alphaville” blog responded with a post entitled “Jim Cramer: An Apology” but came with a sarcastic tone, which is likely not what the CNBC host wanted. 

“In a previous Alphaville post, we may have implied that Jim Cramer’s peak-inflation call was a reverse indicator for our readers. We regret the error. It was not our intention to give Cramer’s opinions any credence whatsoever,” the publication wrote.

“Today we learned that US consumer prices rose 8.5 percent in July from last year. That is, manifestly, lower than the 9.1-per-cent reading from June. Based on this single data point, and having now accepted that the core measure of CPI is likely to prove more transient than a CNBC presenter’s umbrage, we pledge to never again try to predict “peak Jim Cramer.”

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Guy Benson Announces New Contract With Fox News

Fox News viewers will be seeing a lot of contributor Guy Benson for the foreseeable future as he signed a new contract with the news outlet.

Eduardo Razo

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Fox News viewers will be seeing a lot of contributor Guy Benson for the foreseeable future. On Twitter, Benson announced that he had signed a new contract with the news outlet to stay on the air.

Benson’s new contract will allow for him to work at Fox News for his 10th year entering 2023.

“Thrilled to announce that I’ve signed a new multi-year contract with @FoxNews, which will keep me at the network through the next election & beyond,” Benson said on Twitter. “I can’t believe 2023 will be my 10th year (!) on-air at Fox. Time flies when you’re having fun & working with great colleagues…

“I’m very grateful to everyone who helped make this deal happen — at Fox & @unitedtalent— and especially to our fantastic, loyal, passionate audience. Thank you for making us and keeping us, #1. Now, back to work.”

The news media isn’t seeing many sign extensions as most of the news coming out of the industry is the opposite as companies are going through with job cuts, like CNN, who has laid off many workers since Warner Bros. Discovery took over. Additionally, other news outlets could be looking to cut their staff as SiriusXM and others face this reality.

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Tucker Carlson to Host Docuseries About Biden Family on FOX Nation 

Carlson is hosting a new docuseries called “Biden Inc.” which debuts as a “Tucker Carlson Original” Wednesday on FOX Nation

Ryan Hedrick

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Fox News host Tucker Carlson is hosting a new docuseries called “Biden Inc.” which debuts as a “Tucker Carlson Original” Wednesday on FOX Nation. The series will examine, in detail, the Hunter Biden controversy. 

On Tuesday, Carlson joined “The Five” to discuss the new series.  He told co-host Greg Gutfeld, that he knows Hunter Biden well. 

“I always liked him; he was my neighbor and friend and had dinner with him a bunch,” said Carlson. “In the background, I knew, and I knew people that worked with him, that he was effectively selling access to his dad.” 

Carlson told the panel that he never thought about the consequences of Hunter Biden selling access to his father, then-Vice President Joe Biden, because that’s what lobbyists in Washington, D.C. did.  

“I never really thought, wow, this is kind of a crime,” Carlson said. “I remember somebody who worked with him saying to me that Hunter was getting really, really close to doing something that you should not be doing because it’s criminal.” 

Carlson said the revelations about Hunter Biden’s laptop make this series essential viewing for anyone that wants to understand the story and its complexity. 

“The reason that we made this documentary was not to inform everybody that he was doing something wrong; it was to take a long form piece and explain it and show on the screen exactly how we know this,” he added. 

“Biden Inc.” debuts Wednesday on FOX Nation. To learn more about the streaming channel, click this link.

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CNN Calls Report Chris Licht Hired Extra Security After Layoffs ‘Completely Fabricated’

“Licht was mindful of how raw emotions were, and that a Jerry Maguire moment, or something worse, was not out of the question,” the report stated.

Barrett News Media

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Last week, CNN announced major cuts to its staff amid a reshuffling of the network under new CEO Chris Licht. Puck reported Licht hired extra security for his office following the layoffs, but CNN has pushed back on that reporting.

Puck claimed there is always security and guards at the offices of the news network, but “a heightened security presence” was present the day the layoffs were announced.

“Licht was mindful of how raw emotions were, and that a Jerry Maguire moment, or something worse, was not out of the question,” the report stated.

The Daily Mail went further in its reporting, saying “CNN CEO Chris Licht reportedly was forced to hire extra security to wait outside a conference room where he was working after gutting hundreds of the network’s staff in a recent round of layoffs.”

According to a statement given to Mediaite, CNN called the allegation “completely fabricated”.

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