business


This is great. Watch Maria Bartiromo freak out at his “house of cards” comment.

I gotta say something. CNBC’s evening shows during the week are what I call “jerkoff shows”.

Fast Money, Mad Money, Kudlow & Company… all these shows are designed to jerk you off while the market burns down. It’s becoming more and more obvious every day.



This youtube video is making the rounds in Venezuela:

Reuters Story:

A video of a Gucci- and Louis Vuitton-clad politician attacking capitalism then struggling to explain how his luxurious clothes square with his socialist beliefs has become an instant YouTube hit in Venezuela.

Venezuelan Interior Minister Pedro Carreno was momentarily at a loss for words when a journalist interrupted his speech and asked if it was not contradictory to criticize capitalism while wearing Gucci shoes and a tie made by Parisian luxury goods maker Louis Vuitton.

“I don’t, uh … I … of course,” stammered Carreno on Tuesday before regaining his composure. “It’s not contradictory because I would like Venezuela to produce all this so I could buy stuff produced here instead of 95 percent of what we consume being imported.”

Riding a boom in oil prices, middle-class and wealthy Venezuelans are on a spending spree, guzzling fine whiskies and snapping up luxury cars. Poorer Venezuelans also have benefited, with subsidies driving a spike in demand for basic products.

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From Trump Tower to construction firms, Crain’s showcases the swankest places in Chicago to work. On-site bathrooms, floor-to-ceiling windows and creature comforts are de rigeur at these eight companies.

Link: Chicago Business



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Maybe you saw CNBC broadcasting live from the Naples Ritz-Carlton earlier this week, from the meeting of The Business Council. Naples’ NBC affiliate, NBC-2 News, reports on private jet traffic-jams (Miami suffered a similar affliction after the Super Bowl):

A group of some of the business world’s most influential multi-millionaires is causing an air traffic jam at the Naples Airport.

The group, known simply as The Business Council, is meeting in Naples this week. It’s made up of Fortune 500 leaders, but membership is by invitation only.

Because of security concerns members are sworn to secrecy and very few details about this week’s convention are public knowledge.

These powerful business leaders are traveling in style. Corporate jets have already started to arrive at the Naples Airport.

One taxiway has already been closed and converted to a jet parking lot and officials are considering doing the same thing to one of the runways.

“It’s almost exclusively the very largest of corporate aircraft and planes and it can get very difficult, from a logistics standpoint, to navigate all those planes. It takes a lot of space to park planes that size,” said Anne Elena Foster, Naples Airport.

But business leaders aren’t the only ones filling the skies over the Gulfshore. It’s a holiday weekend - President’s Day Weekend is typically one of the busiest times of the year for the Naples Airport.

The record for take offs and landings in one day at the airport is 800 and officials think that record could be broken this weekend.

“Normally it’s a heavy day. Now, we have this overlapping event,” said Foster.

Another thing adding to the traffic jam in the sky - on Friday a new airline, Yellow Air Taxi, starts flying from Naples to Key West.

Foster says it will be crowded, but she still expects everything to operate smoothly and safely.



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