Tuesday, August 11, 2009

CNBC slides as viewers get crunched


With a steely gaze, the pin-striped CNBC television host Larry Kudlow looks meaningfully into the camera.

"We believe that free market capitalism is the best path to prosperity," he declares, reciting his trademark "creed" before enthusiastically launching into the day's financial action.

Share prices flicker across the bottom of the screen. Traders bicker about the fundamentals of the market. A "breaking news" flash delivers US non-farm payroll numbers. Welcome to CNBC, the world's top business television channel, which broadcasts across the globe from the nondescript suburban town of Englewood Cliffs, New Jersey. (more)

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