CNBC, First in Business Worldwide, will broadcast a "CNBC Special Report: Rally on the Street" live tonight, Wednesday, September 1st at 6PM ET, anchored by Sue Herera and Scott Wapner from CNBC Global Headquarters in Englewood Cliffs, N.J.
September starts with a furious rally -- what's behind the surge? Is the economy turning the corner? What will happen the rest of the week? Find out tonight LIVE at 6PM ET on CNBC.
The Library within the Regency Hotel on Park Avenue in Manhattan is a quiet, little-known place where you might meet someone for lunch in secret. Maria Bartiromo, who lives nearby, sometimes goes there, and she arrived looking lovely and earnest, and not as tall as she seems to be on TV. She’s five feet five, she told me. “But on television, everyone is the same height.” (They adjust the chairs.)
Financial meltdowns and corporate scandals make this a golden age for business journalists, and the driven, smart Ms. Bartiromo is at the forefront of the action. “The Money Honey,” as the U.S. tabloids nicknamed her—or, as she’s been described in England, “the Sophia Loren of financial journalism”—is, of course, the formidable anchor of CNBC’s Closing Bell with Maria Bartiromo, the host and managing editor of the nationally syndicated Wall Street Journal Report with Maria Bartiromo, and much else besides, including her stints midst the post-dawn, giggly yammering of Morning Joe.
By Bess Levin
This week marks the 15th anniversary of Maria Bartiromo’s first broadcast live from the New York Stock Exchange. To commemorate the event, CNBC had MB ring the opening bell, join Mark Haines and Erin Burnett on floor during Squawk on the Street, and– I’m assuming though it’s not yet been confirmed– be launched out of a cannon in lieu of the closing bell. The network also asked Bartiromo to weigh in on these last fifteen years. In a long and storied career, in which so much has gone down– what has stuck out most in Maria’s mind? What does she remember? Well…
There’s the icy reception she initially got, by people who didn’t want her or her crew on the floor.
I wasn’t welcomed by everybody, for sure. I have to give so much credit to Dick Grasso because he truly allowed us to broadcast from the floor. And he made it happen. I remember Mike Robbins, who really scared me and yelled at me and didn’t want me around back then. I would walk around the building so that I didn’t have to pass him because he hated me so much. But I kept coming back and I made sure that I knew my stuff so that he couldn’t push me around, and then I found out that he was on the board of the exchange. So there definitely were a group of people who felt that, `Why are we opening up this to the public? Why are we trying to demystify the markets?’
Later, being treated like one of the guys.
However, very soon into it I did get a lot of camaraderie, and I had a lot of pals on the floor. When I got married, they did to me what they normally do to the guys… while I was in a conversation with somebody, I was standing at a post, unbeknownst to me, they were putting… they were tying a ball and chain around my ankle as a joke, and then I couldn’t move. You know, and they did a lot of things like that.
And September 11. Her birthday.
Q: Let’s turn to something a bit more serious, your birthday, September 11th, 2001. Back in 2001, when the 9/11 attacks occurred, you were broadcasting live at the New York Stock Exchange. What was that day like for you? A: It was a tragedy for everybody. I got into work like I always do, and it was my birthday, and I remember my assistant at the time had gotten me a beautiful bouquet of flowers. We saw the first plane go into the first building on television. And then my boss, David Friend, calls me up and says, `Go outside and call into the studio. Tell us what’s happening.’ So in a minute I was up on my feet, running to Broadway, and I got out to Broadway, and there were throngs and throngs of people looking straight ahead, and it was just the next block over. And we saw one of the buildings on fire, and we were all stunned…I was covered in soot. I remember I had my burgundy suit on (which I saved. I still have.) It was all covered in white soot and smoke. And my black patent leather shoes were totally white in soot.
Watch CNBC’s Squawk on the Street tomorrow morning to catch the action!
Geoghegan digests and delivers new acronym Michael Geoghegan is in creative mood.
By Jonathan Russell, City Diary Editor
Published: 7:03PM BST 12 Jul 2010
The boss of HSBC has decided to challenge Goldman Sachs’s Jim O’Neill for the crown of best economic acronym. It was O’Neill who coined the phrase BRICs to label the growth countries Brazil, Russia, India and China. Now Geoghegan has come out with his own, the CIVETS. His theory is that there is a second tier of countries – Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa – that will drive growth over the next decade. I wonder if he’s thought this one through though? Apart from a dubious link between six fairly disparate countries the only other thing a civet is, is a small cat-like tropical animal that is of little use to any economy, other than in its liking for coffee beans. And our liking for those same coffee beans – once they have passed through its digestive tract. “Exotic dung coffee”, one of the most expensive coffees in the world, has first passed through the bowels of the Asian Palm Civet. I’m sure those six countries will be delighted with the association.
Piper won’t be toasting champers
Cashing in on Twitter followers
More on Jesus. Well sort of. A chap called Jonathan Sullivan is selling his Twitter account complete with 9,000 followers. He tells me he wants $500 for it, something like 5c per follower. The Jesus angle? The obvious one I’m afraid. Imagine how much the Son of God could get for all his followers. Enough to retire on, I would have thought.
Wallace & Grumbling over 2018 ads
One World Cup is over. It must be time to ratchet up interest in the next one, or even the one after that. England’s bid for the 2018 World Cup has been attracting a lot of attention and even a few corporate sponsors. Morrisons, British Airways and BT have all signed up as official partners to the bid, the grade A deal. Not so energy company Npower. It has booked one of the cheaper seats for this ride into the unknown, and is backing the bid as an “official supporter”.
Not that you would know this looking in from the outside. Npower has made much
more of its sponsorship than the other companies with national TV ads
featuring cartoon characters Wallace & Gromit. Cue much grumbling among
the tier one supporters and, I understand, talk of complaints to the 2018
organising committee. The grumbling revolves around who is allowed to do
what in the way of advertising. Npower tells me all its ads have been
cleared by the organising committee and the FA. Will that be enough to stop
the grumbling though?