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Sean Hannity: Why Would Anyone Take Financial Advice From Jim Cramer

Hannity went after Cramer after he suggested inflation has peaked. 

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Fox News host Sean Hannity went after CNBC’s Jim Cramer after he suggested inflation has peaked. 

On Tuesday, there were reports that inflation struck 8.5% year-over-year in March. It’s the loftiest such number since 1981. However, despite these numbers, Cramer stated he could argue that inflation would decline.

“Overall, I think people are going to start making – and the market’s making a case – that this is the last bad number,” Cramer said. “Freight is going in the right direction, used car going in the right direction.”

“You don’t have food going in the right direction yet. Hourly wages may be peaking. You have mortgages obviously making a slow down… I can make a strong case we may have peak inflation in a lot of different areas.”

Hannity played a montage of clips of Biden administration officials urging that the inflationary pressure is “transitory.” Furthermore, the Fox News host also blamed the media for repeating the transitory “lie.”

“The media mob is more than happy to give them cover,” he said. “One example: for months, CNBC analyst – you know this guy Jim Cramer over at CNBC? – dutifully telling his viewers inflation has officially peaked only to be proven wrong over–again and again and again.”

Hannity continued to hammer Cramer, pulling up an article snippet from February, displaying that the CNBC host suggested inflation may have peaked.

“He keeps getting it wrong,” Hannity continued. “And as per usual, Jim Cramer, he kind of looks like an idiot and inflation continues to rise, and I do have a question: I watched the show, Mad Money, I think he calls it. Why anybody would ever take the financial advice from that guy is beyond any understanding that I actually have.”

Nonetheless, Mediaite did share a quote from Cramer, who did not completely say inflation had peaked. Instead, he called it “not sustainable.”

News Television

Sinclair CEO Says Political Environment Is “Very Good for Our Business”

Sinclair’s CEO, Chris Ripley, offered his perspective on political ads at the MoffettNathanson 9th Annual Media and Communications Summit.

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The midterm elections are here, and according to one television executive, it’s the best time considering the amount of political advertisement money pouring into stations at the local and national. 

One key beneficiary of that cash inflow is Sinclair Broadcast Group, the No. 2 owner of local TV stations in the U.S. The company’s CEO, Chris Ripley, offered his perspective on political ads at the MoffettNathanson 9th Annual Media and Communications Summit.

“Some of these primary races are crazy,” Ripley said, per Deadline. “On the one hand, I lament that we’re in the political environment that we are. On the other hand, it’s very good for our business.”

Ripley used an example to make a point with his claim, citing U.S. Senate candidate J.D. Vance who won his primary race after spending a heavy amount ont television ads. 

Furthermore, the television executive adds that the $75 million spent on TV ads for the primary was 40 times more than what was spent on the primary in the last election. Ripley also added that spending on ballots is also up and should continue to increase as issues like abortion and legal gambling arise. 

“More and more issues are going on direct ballots,” he said. “With what’s going on with abortion rights, that’s going to just even add to that category.” Legalizing sports betting or cannabis are other issues generating significant ad spending.

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News Television

NBC News Correspondent Pete Williams to Retire

Williams will remain with NBC News through July before calling it a career. 

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NBC News

NBC News has announced Justice Department and Supreme Court correspondent Pete Williams will be retiring from the company. The reporter has been with the network for nearly three decades and has been at the forefront of many breaking news stories in Washington, DC. 

“Pete has been one of the nation’s foremost authorities covering the Supreme Court and the Department of Justice for nearly three decades,” NBC News President Noah Oppenheim said in a memo to staff

“His career has been defined by his reputation for accuracy, reliability, and unmatched expertise in the subjects he covers.” 

Williams has covered various topics for NBC News, including the court cases dealing with the Affordable Care Act and marriage equality. Earlier this year, the correspondent was the one who reported the news that Supreme Court Justice Stephen G. Breyer would retire at the end of the current term.

“In short, for generations of NBC News reporters, working alongside Pete has been a daily masterclass in journalism. But perhaps more importantly, it has been a masterclass in what it means to be a good colleague,” Oppenheim added.

“Pete’s decency, kindness, and generosity are unmatched. For those that know Pete well, it’s his warmth, humor, wit, and compassion that will be missed most.”

Williams will remain with NBC News through July before calling it a career. 

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News Television

Chris Licht: CNN Must Be Beacon of Journalism to Functional Democracy

“Now, the next chapter of CNN is one where we aspire to be a beacon for the kind of journalism essential to a functioning democracy,” Licht said

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CNN’s new president Chris Licht shed some light on the direction he plans to take the company at the Warner Bros. Discovery upfront. 

Licht spoke at the presentation alongside Warner Bros. Discovery CEO David Zaslav, who expressed that CNN will be organized “to advocate for journalism first” and deliver for viewers “seeking more accurate information and less yelling and conflict.”

Furthermore, Licht proposed similar aspirations as he summarized his plan for the cable news channel to double down on what many might call sane news. 

“Now, the next chapter of CNN is one where we aspire to be a beacon for the kind of journalism essential to a functioning democracy,” Licht said, per Mediaite.

“In a time where extremes are dominating cable news, we will seek to go a different way — reflecting the real lives of our viewers and elevating the way America and the world views this medium.”

The new CNN president also vows to “challenge the traditional philosophy of cable news, delivering programming and commentary that questions the status quo, shatters group-think, holds our leaders on both sides of the aisle accountable to facts, and fights fearlessly to get to the truth.”

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