Jon Stewart Eviscerates CNBC, Santelli On Daily Show (VIDEO)

So, lesson learned: do not cancel on The Daily Show. Or at least do not do whatever CNBC and/or Rick Santelli did, in the way they canceled on The Daily Show, because last night, Jon Stewart basically said, "I'll see your canceling on me and RAISE you a thorough evisceration of the faux-populist bilge you've been pumping and a complete blasting of your network's credibility."

Stewart aped Santelli's newsgrabbing shouty-faced blubber from the Chicago Mercantile Exchange, coyly admitting, "I have to say, I find cheap populism very arousing." And then, for eight minutes, Stewart at his arch best (with the help of the crackerjack Daily Show research team) went on an absolute tear and burned CNBC right down to the doorframes. "If only I'd followed CNBC's advice, I'd have a million dollars, provided I'd started with a hundred million dollars." Brutal, but utterly hilarious.

Read more about it.

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Comments

[watchful123]

I love the Daily Show...it's a bundle of comedy and truth.

[AN2009]

Jon Stewart is hilarious as usual!

[jpmdevildog]

Weekly World News has discovered a secret past relationship between Cramer and Stewart!

http://weeklyworldnews.com/celebs/6865/jim-cramer-on-the-daily-show/

[REGONE]

CNBC is terrible and the whole crew should be off the air plus they kiss too much butt; they have no credibility. GE can save some money with that channel because they're just cheerleaders and the public needs real information without the negative commentary and bickering of the host. Bloomberg is the best source for market news and insight and takes reporting seriously. Also, MSNBC may want to rid themselves of the Morning Joe crew and the right wing commentary for three hours. They are so jealous of President Obama; they should get a life.

[bynddrvn5]

Wow, we would all be very, very rich right now if we watched CNBC and then did the OPPOSITE of whatever financial advice they handed out.

They say buy stocks, immediately move everything to bonds!
They say a company is just fine, short the stock!

[TheLar]

With the exception of Olbermann and Maddow, Stewart is the only media figure taking it to these criminals. Oh well, got to go work off my part of the bailout. See ya.

[ozamerican]

I'd love to see Olbermann, Maddow and Stewart run a news show together.

[Lautenberg]

That's why people make fun of comedians because they aren't as smart as them and need to level the playing field STewart owns Santelli

[derrickhoyle]

It's sad that the mainstream media can't cut to the truth as effectively as Stewart. He's made a career out of doing what the media should have done in the first place - reporting the facts and exposing hypocrisy.

[Shoelessjoe518]

I just had to register and reply back about your comment! I hear that Muslim extremists cut bits and pieces out of the Koran to breed hate and violence. They take the words of this book and use it for an agenda. Suicide bombings against their own people, hate America & death to America, etc...etc. Now I'm not saying that John Stewart has gone to that extreme, but that's how he does his work. It's not the whole picture. It's his ideas and his edits, that gets his agenda acrossed. If you want to be smarter, don't just listen to the news. Form your own opinions by watching uncut footage. He makes his agenda clear and he appeals to people because it is funny. For example he says that because the banks offered people money that it isn't the fault of the people that they took it. Yes it is. If you can't afford loans, credit cards, and other forms of credit. Don't take it. If you do and you can't pay it back chances are you are going to lose out.

[Quotidien]

They all fall down.

During the tech boom, CNBC reporters were sacred oracles. Today they are a punchline.

[jayes]

i know this isn't very virtuous of me, but the only thing wrong with that is jealousy.

i wish i could've and had done it.

comedy this good is challenging and glorious.

[drummer 40]

It's amazing and sad how The Daily Show, the Colbert Report, and Real Time with Bill Maher do a better job of real journalistic research than the rest of American TV news networks combined.

[bigmacha]

Almost forgot - Jon Stewart was brilliant and spot on! This was the absolute best riff I've seen and it gets right to the essence of the crap that CNBC has been peddling. You might have noticed that CNBC is fighting back very subtly; Erin Burnett has been on Meet The Press and before that Real Time with Bill Maher. They are trying to put a good face on the problem by using someone who is pleasant, pretty and smart without a track record of significant blunders on air.

Still won't help - CNBC is bogus as are the the on-air personalities.

[dartagnan]

HOOOO-ah! That was BRUTAL! And beautiful. You da MAN, Jon!

[adang621]

Long in coming: To me Jim Cramer is the lamest and the most dangerous because some people actually look (ed) to him for advice. I 'd been following him from time to time and it is appalling how wrong he has been on the big stuff. Forget 2007, in Spring of 2008 he still was touting banks as a steady buy, and I personally saw a show in May '08 when he though Ford ($7 then) was ready to rebound! The more he touts a buy on a stock, the more an audience will watch.
Here's my take: Nearly all of these guys ( who, no doubt made plenty of money in their Wall Street careers) are technicians who perform best when the economy is growing or even flat; when the economy is bad, or the market a raging bear, their lack of practical understanding of economics, fiscal policy and the real mainstreet problems of the average citizen is so poor that they become caricatures of themselves by overreracting to those who trash them by hiding behind more of their technical blather and outrage, like Cramer has done.
We don't need the Cramers of the world too help us lose money; we can do it ourselves.

[bigmacha]

In my opinion, these guys made money the old fashioned way - inside information! When you are a big volume buy-side trader, as Cramer was, the brokerage firms covering you will go out of their way to give you a "first call" because the more info you provide them the more they can make on your account when you reward them with execution business and the accompanying commission (or mark-up). Cramer I'm sure was well aware of this since he came from the the very heart and soul of the business - Goldman Sachs. Anyone telling you anything to the contrary is full of crap. Hedge funds are a dime a dozen and they all have essentially the same trading strategy; the only way they can really profit is by an "edge" - that is, info that their competitors DON'T have. Call it "research", "proprietary trading strategy" or "alchemy" - at the end of the day it is inside information and if you're really good at it you won't get caught (basically because the regulators are clueless). Back in the day Boesky got caught, but today's players are much smarter and the markets move much faster and the volume is significantly higher.

[Doug Flight]

remember those cheesy Batman fight scenes...? BAM!!! SMACK!!! POW!!!