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The latest news on Money Media from Business Insider

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    French Cigar Smoker, Bastille Day

    The Wall Street Journal put together a list of its top 10 articles of 2012.

    #1 — Why French Parents Are Superior, by Pam Druckerman published back in February.

    Here's the Druckerman's basic point (WSJ):

    ...for all its problems, France is the perfect foil for the current problems in American parenting. Middle-class French parents (I didn't follow the very rich or poor) have values that look familiar to me. They are zealous about talking to their kids, showing them nature and reading them lots of books. They take them to tennis lessons, painting classes and interactive science museums.

    Yet the French have managed to be involved with their families without becoming obsessive. They assume that even good parents aren't at the constant service of their children, and that there is no need to feel guilty about this. "For me, the evenings are for the parents," one Parisian mother told me. "My daughter can be with us if she wants, but it's adult time." French parents want their kids to be stimulated, but not all the time. While some American toddlers are getting Mandarin tutors and preliteracy training, French kids are—by design—toddling around by themselves.

    Articles that also made it into the top 10:

    • How Waiters Read Your Table
    • Sandy Hits Coast, Floods New York
    • How the Race Slipped Away From Romney

    Check out the full list at The Wall Street Journal>

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    It's no secret that Wall Street doesn't understand, or have much respect, for the way things are being handled in Washington.

    That's the topic of Bloomberg Businessweek's lead story this week, and the cover of the magazine is definitely brutal — screaming, diapered babies all over Congress.

    Bloomberg Businessweek:

    Bloomberg Businessweek Cover Congress Babies

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    fox business

    CNBC and Fox Business have been at loggerheads over guests for months now, and it's finally reached a "hysterical level", says the NY Post.

    Bear in mind: The Post and Fox Business are both owned by News Corp.

    That said, the real drama went down last week at the Consumer Electronic Showcase in Las Vegas. Fox Business reporter Liz Claman, a CNBC alum, was there, and she's been gaining a reputation for bagging interviews with high-level execs.

    However, when Fox Business got an interview with TiVo Chief exec Tom Rogers and the Jets' Tim Tebow (he's the star of TiVo's ad campaign), CNBC was not happy. It didn't help that Rogers used to be an NBC president either.

    The networks also reportedly fought over Kaz Hirai, the CEO of Sony.

    The only high-level guest that only went to Fox was AOL CEO Tim Armstrong, but still, according to the NY Post's sources.

    From the NY Post:

    Our snoops say other top executives were given much the same treatment from CNBC: It’s us first and nobody else second — or else...

    One senior executive involved in the p.r. wranglings said, “This has been going on for a number of months, but it’s gotten to a hysterical level. . . . Everybody has a tough schedule; it really felt like they [CNBC] were coming unhinged.”

    Can't we all just share and get along?

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    Charlie Gasparino

    Fox Business News senior correspondent Charlie Gasparino, who has a reputation for getting big scoops and exclusives on Wall Street, is known for busting chops.

    Even Goldman CEO Lloyd Blankfein once said he's "tired of Gasparino" and that he wishes he would quit.

    Still, Gasparino manages to get the biggest names to talk to him.

    And if you're brave enough to go on air with him, he even admits that's going to be an a–hole.

    Cigar Aficionado's Mervyn Rothstein reports

    When he’s reporting a story, when he’s doing a TV interview, he’s tough and persistent. “You come on the air, and I’m there, I’m going to break your chops,” he says. "I’m going to be an asshole. A lot of times, TV invites these people on and they’re considered guests. I don’t look at you as a guest."

    You've been warned.

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    During a CNBC"Squawk Box" segment this morning on Phil LeBeau's Telsa's Model S test drive this morning, anchor Becky Quick gave the viewers a little bit too much information.

    "My parents used to make my brothers take empty bottles with them when we traveled because they refused to stop even for bathroom breaks." 

    It became even more awkward when no one on set responded to that comment.  

    Check it out here (start at the 4:25 minute mark):  

    (HT: @Wonderfunk99)

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    Ashley Morrison

    WCBS in New York City anchor Rob Morrison was arrested Sunday for allegedly trying to strangle his financial journalist wife, Ashley Morrison, during a domestic dispute at their Darien home, the New York Post reports citing Connecticut police.  

    The anchor man, who is a former Marine, also faces charges for threatening and disorderly conduct, the report said. 

    Rob Morrison, who was allegedly drunk, told police during his booking that he was going to kill his wife when he was released, the report said citing court papers.

    According to the Post's report, he also called the police "f----g a--hole cops" and called one "Sergeant Douchebag" during the arrest at the couple's Darien home.

    His wife, Ashley, is the anchor of CBS"Money Watch." She was previously a stocks editor at Bloomberg TV, according to ShowBizDaily. 

    Ashley had red marks on her neck, the report said.

    Rob had a cut on his nose and lip from her hitting him with a remote to keep him from choking her, according to the Post. 

    Rob, who is now free on bail, told reporters that he didn't choke his wife and didn't lay his hands on her.

    He has been ordered by a judge to stay 100 yards away from her and can't contact her or go to their home. 

    The television anchor couple worked together.  Watch them in this video clip below: 


    Now Watch: How Herbalife Became A Battleground Stock For Two Wall Street Heavyweights

     

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    Rob Morrison

    Rob Morrison, the WCBS New York anchorman accused of trying to strangle is financial journalist wife, has resigned from the local news station, FishBowlNY Tweeted.

    Here's the statement: 

    Rob Morrison announced today that he has resigned his position as a CBS 2 news anchor, effective immediately.

     Morrison stated, "My family is my first and only priority right now and I have informed CBS 2 management that I need to put all of my time and energy into making sure that I do what's best for my wife and my son. I very much appreciate the opportunity that CBS 2 has given me and I thank them for accepting my decision."

    Morrison was arrested charged with trying to strangle his wife Ashley Morrison, the anchor of CBS "Money Watch," during a domestic dispute at their Darien, Connecticut home on Sunday, the New York Post reported. 

    He's currently free on bail and denies putting his hands on his wife.

    SEE ALSO: TV Anchor Arrested For Allegedly Trying To Strangle His Financial Journalist Wife >

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    The guest on last night's Daily Show with Jon Stewart, Helaine Olen, was promoting her new book about the personal finance industry, "Pound Foolish."

    The book's tag line is, "Exposing the Dark Side of the Personal Finance Industry."It begins by going through the history of how Americans became hooked on investing as a way of making money, starting with the rise of IRAs (and fall of pensions) as worker compensation at the end of the 1970s.

    Olen's point is that we're not rewarding Americans enough for working for decades and saving their money responsibly, instead we're glorifying risk. On top of that, now there's a whole industry built around risking you money — one that presents all sorts of so-called "answers."

    CNBC, the world's leading financial network, got a lot of flack in last night's interview, and it gets grilled even worse in the book for being an irresponsible cheerleader and promoter of all kinds of investment schemes.

    Here's what Olen says about the rise of CNBC on page 144 of her book:

    As for the now ubiquitous CNBC, its origins are in the second tier Los Angeles UHF television station KWHY. In the mid-1980s, it changed its name to the Financial News network and expanded its national presence via cable. In 1991 it merged with the two-year-old broadcast outlet CNBC. Longtime political campaign consultant Roger Ailes was soon brought in to glam up the place up...Breathless stock cheerleading became the order of the day when the dot-com boom commenced, with long legged, big lipped "money honey"Maria Bartiromo reporting from the floor of the New York Stock Exchange., frantically delivering up to the minute news releases from companies and analysts alike.

    Tough, and here's what Olen said in last night's interview (around 4:35):

    "... Bloomberg is running a more respectable operation, they're not even tracked by Nielsen ...CNBC is selling hope, they're selling 'we have the answers, follow us, we'll tell you the secrets.' What it doesn't seem to occur to anyone watching it is a couple hundred of thousands of people are watching the same thing at the same time. So even if it's accurate, which often it is not, they're not going to get in anything good.

    And then Stewart broke in:

    You know what they should call one of their shows? Pssttt

    Watch the video below:

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    Bloomberg TV just aired a segment on the city's "coolest museum," the Museum of Math, where Tom Keene got to interview supermodel Heidi Klum

    MoMath was founded by former Renaissance Technologies hedge funder Glen Whitney.

    All that aside, we were amazed by Keene riding this tricycle:  

    Tom Keene

    Check out the video below:


    SEE ALSO: 15 Photos Of Tom Keene Towering Over Smaller People >

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    Jim Cramer is unhappy with netflix

    Host of CNBC's Mad Money, a daily hour-long show, Jim Cramer tells his viewers which stocks to buy, hold and sell, often in elaborate costume.

    Known for his zany on-screen antics and for yelling "Boo-yeah!," Cramer has dispensed stock market advice dressed as a baby, an executioner, and more recently, a hipster, complete with yellow pants and a fedora.

    But he's had his critics, and he's made his share of bad calls. Cramer told people to buy the now-defunct Bear Stearns before it collapsed, and not too long after that, The Daily Show's Jon Stewart lambasted him for being a Wall Street cheerleader.

    What all that comes down to, though, is that Jim Cramer is still a man whom everyone is watching. Here's how he got that way.

    Jim Cramer made his first dollar selling ice cream at Phillies games.

    Born to Jewish parents in 1955, Jim Cramer grew up in Wyndmoor, Pennsylvania, a suburb of Philadelphia, went to school at the Springfield Township High School in Montgomery County.

    He earned his first dollar selling ice creamat the Veteran's Stadium during Phillies games.



    After graduating magna cum laude from Harvard he became a reporter, but he was so poor he was homeless.

    Cramer worked several entry-level reporting jobs at publications like the Tallahassee Democrat and the Los Angeles Herald Examiner, searching for his big break. His pay was under $200 a week at the time.

    Then his modest California apartment was burglarized, his bank account emptied and he was left with nothing, literally. Cramer had to resort to living out of his car.

    "I was living hand to mouth, and people would take me in now and then so I could get a shower, change, get a good night's sleep,"Cramer told CNBC.



    He returned to Harvard to get a degree in law, but by the time he graduated he was in love with finance.

    As a Harvard student, he had access to the just-launched Financial News Network, the forerunner to CNBC, which he watched religiously. He soon became enamored by the markets.

    After he graduated in 1984, he worked briefly at a law firm, but quit when Goldman Sachs offered him a job in what was then the Securities Sales Department, "helping individuals and small institutions manage their money,"he told CNBC.



    See the rest of the story at Business Insider

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    We thought we recognized CNBC anchor Mandy Drury's dress that she's wearing today on "Fast Money"... 

    Exhibit 1: Mandy Drury

    Mandy Drury

    Exhibit 2: Captain Jean-Luc Picard

    star trek

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    betty liu

    Financial TV journalists are live before millions every day — millions of investors, business professionals, and other serious people.

    That means that they need to walk a fine line. They need to look great, but they also need to look serious. This isn't easy.

    Everything has to come together — hair, makeup, clothes — to present a complete package.

    We've seen more than our share of financial TV fashion fails, but we won't talk about those today. Today, we'll celebrate the victories.

    This is a list of people that consistently look smashing on camera. We don't know who styles them — maybe they style themselves. Whatever the case, they need to keep doing what their doing.

    And everyone else should take note.


    Kayla Tausche, CNBC

    Tausche has a fantastic sense of style and selects colors and silhouettes that are perfect for her on-camera job. She even manages to keep it chic in the field whether it's in Sun Valley, Idaho or an Occupy protest. 

    We're also going to give her props for her recent makeover. Her hair used to be longer and darker, but we think the shorter lighter cut is doing wonders for her.



    Betty Liu, Bloomberg TV

    This award winning journalist makes this list for her consistency. Liu's hair, makeup, and clothing are always solid if not impressive, and she's live super early too.



    Sue Herera, CNBC

    Herera has come a long way from her 1980s whoop-dee-do bangs. Now she looks fresh, stylish and age appropriate (which is huge).



    See the rest of the story at Business Insider

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    Stephanie Ruhle

    Bloomberg TV's sassy, smart, and outspoken Stephanie Ruhle has been on air for a short time, but she already has a loyal following on Wall Street.

    Every weekday, Ruhle acts as a foil to her straight-laced co-host, Erik Schatzker on Market Makers. A former banker herself, she's not only known for her easy manner with some of the biggest names in the business, but also for her scoops. It was Ruhle, after all, who harpooned the London Whale.

    For all those reasons and more, Business Insider asked her to take us on a tour of her life. Ruhle was kind enough to oblige. The day starts at 5:35 a.m. and does not stop until around 11:00 p.m., or maybe later.

    "If I'm lucky 11 p.m. ... I go out a lot at night and usually I return after my kids go to bed," Ruhle told Business Insider. "But if I'm home and try to be disciplined, it usually fails and I get sucked into watching the newest episode of Girls."

    We've all been there.

    That's my nemesis — 5:35 a.m. alarm clock blaring. With an early morning shoot uptown, there's no room for a loving snooze or two.



    Show wardrobe in hand, I race downstairs. I'm already late for my ride up to Bloomberg world headquarters at 59th and Lexington.



    Hair and makeup…where it truly "takes a village" and the team was working overtime to get me in gear for a shoot at New York's most luxuuuuuuurious store!



    See the rest of the story at Business Insider

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    Scott Wapner

    CNBC's Scott Wapner, the anchor of "Halftime Report", has been crushing it at the financial television network. 

    Wapner recently caught our attention when he beautifully refereed the historic brawl on live TV between hedge fund titans and long-time rivals Bill Ackman and Carl Icahn

    What's more is even after Icahn told him he's "never going on a show with you again, that's for damn sure", Wapner managed to have the billionaire investor on his show a few weeks later. Impressive.

    Wapner has also been breaking news on Herbalife, which has become one of the most controversial stocks since Ackman revealed his massive short position and other big hedge fund names have gone long.  

    We decided to hand Wapner one of our questionnaires to learn some more about him. 

    Check out his responses below: 

    Name: Scott Wapner

    Hometown: Laurel, Maryland

    Birthday: February 15th

    Sign: Aquarius

    Personal Motto: Be Prepared. No, I wasn't a Boy Scout just something I try to take to work every day and it's served me well.

    Where did you go to school? University of South Florida

    What was your first job? Working for a very early morning syndicated business show in DC. Doing just about everything…tuning satellites…writing stories and running the teleprompter when I wasn't falling asleep…

    When you were little, what did you want to be when you grew up? A sportscaster. Cosell, Costas, Al Michaels…all people I admired. Did sports for a bit, but I love business news. Covering the market every day is like covering the big game.

    What was your proudest day at work? My first one at CNBC. Getting “Fast Halftime Report” was pretty special but I’ll never forget walking into CNBC that first day and seeing the folks I'd watched and admired on TV.

    What was your biggest screw up at work? Which one? Those early days in TV were pretty brutal. Lots of interesting live shots.

    Favorite Book? Loved Disney Wars, Steve Jobs and The Billionaires Vinegar: The Mystery of the World's Most Expensive Bottle of Wine about fakery in the wine auction business.

    What do you collect (by accident or design)? Sports memorabilia. Have a pretty decent collection too. A little wine as well.

    What can't you leave home without? My iPhone.

    What’s sitting on your nightstand right now? Some children's books

    What’s your pet peeve? People who are late. I never am.

    Favorite place to be alone? Golf course

    Favorite place/person to get advice? My wife always seems to have some level-headed counsel when I need it.

    What do you eat for breakfast? Oatmeal because it’s quick.

    What’s your favorite way to get some exercise? Working out with my trainer every weekend. It's become part of my routine.

    Do you have a nickname? If so, what is it? The Judge. For obvious reasons

    Wall Street Journal or Financial Times? Both

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    CNBC's "Mad Money" host Jim Cramer has also made a YouTube video for the latest meme craze — the "Harlem Shake". 

    Check it out: 

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    Mike Mayo

    Last week Mike Mayo went head to head with Jamie Dimon at JP Morgan's investor day, arguing why investors might consider (say) UBS over JPM.

    Dimon got the better of him in that tiff, dominating with a quick zinger that the Street repeated for days — "That's why I'm richer than you."

    Today the infamously feisty Mayo got a chance to shake it off on CNBC's Squawk On The Street with Carlos Quintanilla.

    Mayo's bottom line: It's time for shareholders to start getting active. He's started buying 100 shares in companies that he'd like to see improve. The point, of course, is that he can get rowdy at investor day should he so choose. Citigroup, Mayo said, is his first priority right now.

    "I think the change of CEO at Citigroup could be epic," he said.

    A few words on his thesis for Citi and Quintanilla was on to the question on everyone's mind — Does having spats with CEOs make Mayo a better analyst?

    "I think it's the job of an analyst to hold management's feet to the fire, ask questions such as... how are you going to create more value for shareholders?," Mayo responded. "By all means that's my job that's every analysts job to do that. I don't think it's been done enough with regard to Wall Street. Look, when you look at the financial crisis, investors weren't doing their job, regulators weren't doing their job, nobody was minding the store. So we have a choice right now, either we investors can step up to the plate or you're going have more regulation. I prefer the former — that shareholders, me, other analyst like myself speak up...at annual meetings."

    Quintanilla then asked Mayo what analysts should do about getting stiff-armed by a company.

    "...If any analyst is getting stiff-armed or treated unfairly it's up to that anlayst to... bring it up to the public view, go on CNBC, give you a call. Hey, for that matter give me a call. If you're being treated unfairly by an organization, give me a call let's find a solution here because that's not the way it's supposed to work."

    Hear that analysts? Mike Mayo has your back.

    Now Watch: How Herbalife Became A Battleground Stock For Two Wall Street Heavyweights

     

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    CNBC seems to have been getting a lot of flack lately.

    Most recently, its rival Fox Business is airing commercials slamming the business network for its new reality show lineup (h/t The Washington Examiner).

    CNBC will now fill the post-market hours with shows like "The Car Chasers" and "Treasure Detectives."Fox News has taken that change in that programming as an opportunity to remind CNBC that money never sleeps.

    "No fluff, no games, no nonsense... Our business is business, that's our reality," says their commercial.

    Watch the it below (via The Washington Examiner):

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    Fox Business Networkran this ad in the Wall Street Journal yesterday attacking its rival CNBC over its guest policy. 

    A couple of weeks ago, Politico's Dylan Byers wrote about how CNBC has a super strict guest booking policy.

    CNBC's rule is that guests cannot appear on a competing network (Bloomberg TV or Fox Business) before coming on their air. Some guests have had CNBC cancel their appearances because they were on another network, according to Politico.  

    Fox Business appears to be using CNBC's strict policy as a way to attack its rival.  So far, Fox Business has taken out this ad claiming CNBC is a bully in the Journal and it has also been running commercials slamming CNBC on CNBC's airwaves.

    Check out the photo from ValueWalk's Paul Shea of the WSJ ad.  

    WSJ ad

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    CNBC anchors Joe Kernen and David Faber were imitating Carl Icahn's accent during a segment about him snapping up a big Dell stake that could complicate the company's buyout deal.

    We think Faber was spot on with the billionaire investor's Queens accent. We're not sure what kind of accent was coming from Kernen. 

    Check it out below: (start at the 2:24 minute mark and go until about 3:40)

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    gary kaminsky

    Fox Business senior correspondent Charlie Gasparino reports that CNBC's Gary Kaminsky is in talks with Morgan Stanley to be the vice chairman of its brokerage unit, according to sources familiar. 

    Kaminsky, who is CNBC's capital markets editor, is expected to receive his official offer from Morgan Stanley today, the report said. 

    Prior to joining CNBC, he spent two decades working as a managing director/money manager at Neuberger Berman. 

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