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Pastimes : CNBC -- critique. -- Ignore unavailable to you. Want to Upgrade?

To: Thomas M. who wrote (870)	4/4/1998 3:11:00 PM
From: Khris Vogel	Read Replies (1) \| Respond to of 17683

Re: I was scanning on my VCR yesterday, and it looked like they were just sitting there watching the Dow flirt with 9000 for the last minute. That's quality programming! That was exactly my feeling when watching Squawk Box yesterday. Haines, Faber, Kernnan, and Jimmy Rodgers stopped everything to watch the Dow dance around before it crossed 9000. Even Faber was visibly annoyed at the lack of focus being applied. One would hope that CNBC would lend more analysis and depth to its financial coverage. Otherwise, we might as well be watch Couric and Lauer on Today.

To: Thomas M. who wrote (870)	4/7/1998 7:21:00 PM
From: Thomas G. Busillo	Read Replies (1) \| Respond to of 17683

Thomas, I didn't watch the special (it was more efficient for me to just close my eyes and imagine what it would be like, which based on my expectations of its value-added content took all of 6 seconds), but I certainly hope it included the following: 1) A discussion of the relationship between CNBC and Dow Jones 2) A discussion of Dow Jones' financial interest in propagating interest in the Dow Jones Industrial Index, one of many market indexes used by traders and investors. 3) A discussion of the ongoing efforts of Dow Jones to extract fees from quote providers for use of the "Dow Jones Index" as calculated by Dow Jones, including a look at whether the claims that the DJX should only be calculated by Dow Jones have merit. 5) A discussion of the current relevancy or irrelevancy of the DJX, considering both changes in the U.S. economy and the markets. 6) A discussion of the media's role in fueling the current market mania, with particular emphasis on the potential dangers of having media power concentrated in a handful of large publicly traded MNC's. Good trading, Tom