Charlie Gasparino

Last updated
Charlie Gasparino
Born
Charles Gasparino

The Bronx, New York, U.S.
Education Pace University (BA)
University of Missouri
(MA Journalism)
Occupation Business journalist
SpouseVirginia Juliano

Charles Gasparino is an American journalist, blogger, and occasional radio host. He frequently serves as a panelist on the Fox Business Network program segment The Cost of Freedom and the stocks/business news program Cashin' In.

Contents

Early life and education

Gasparino was born in the Bronx and graduated with a B.A. from Pace University before earning his master's degree in journalism from the University of Missouri. [1] [2]

Career

Gasparino reported for Newsweek , where he covered politics, Wall Street, and corporate America. Among other stories, he broke the news of the controversial pay package of former New York Stock Exchange chairman Richard Grasso, former New York City Police Commissioner Bernard Kerik's controversial (and eventually withdrawn) nomination to run the US Department of Homeland Security, and the dispute surrounding former New York Attorney General (and eventual Governor) Eliot Spitzer's crackdown on corporate crime. [1] [2]

Before working at Newsweek, Gasparino was a reporter for The Wall Street Journal. During his time at the WSJ he wrote extensively on issues on Wall Street, including pension funds, mutual funds and regulatory issues. He won the New York Press Club award for coverage of Wall Street research scandals. [1] Gasparino then moved to cable business network CNBC where he reported extensively on Wall Street. During the financial crisis of 2008-2009, Gasparino played a major role in CNBC's coverage, breaking a number of stories, including the news that the U.S. Government was going to bail out insurer AIG, as well as news of the US government's broader bailout of the financial system, the Troubled Asset Relief Program (TARP). [3]

Gasparino, known for being highly combative on-air (Marketwatch described him as "Fox's Rocky Balboa"), was reported in The Washington Post as saying that "[his] job was to rip the lungs out of the competition for Fox Business Network." [4] [5]

A Financial Times profile of Gasparino illustrates his combativeness, describing him as a "pugnacious pundit Wall Street can't ignore", citing as examples Gasparino's frequent run-ins with colleagues, including then-fellow CNBC reporter Dennis Kneale, and cycling star Lance Armstrong. [6] Despite his aggressiveness, his reporting frequently has a dramatic impact on the markets. The Financial Times quotes Goldman Sachs's then-chief spokesman Lucas Van Praag as saying "Most trading floors have CNBC on with the sound turned down, but when Charlie comes on, they listen.... [H]e does move stock prices." [6] Similarly, Gasparino's then-colleague at CNBC Lawrence Kudlow said of him: "He broke some great stories. I give Charlie a lot of credit for having great sources and, to tell you the truth, most of his steers have been good. He has got us ahead of the game." [6]

Move to Fox

In February 2010, Gasparino left CNBC for the fledgling Fox Business Network. [3] In addition to his book writing, Gasparino appears on Fox Business and Fox News Channel with news reports and commentary, as well as contributing regularly to The New York Post and Forbes and online for The Daily Beast , Huffington Post , and FoxBusiness.com. [7]

At Fox, Gasparino has broken stories on, among others, the US government's plans to sell its stake in Citigroup and the government's pressure on Bank of America to shrink itself. [8] [9] In one dig at his former channel, while CNBC was interviewing John Mack, chairman of Morgan Stanley, who declared on air that "[t]his doesn't feel like the crisis that I went through [in 2008], so I feel a lot better about it," Gasparino timed his report of Morgan Stanley's laying off 1,200 workers and closing up to 300 branches so that it aired opposite the interview. [10] Although notably combative towards his former network ("My job is to come up with a scoop (everyday) and promote that scoop," he said. "Just jam it down CNBC's throat every single day."), Gasparino has also spoken highly of his former colleagues, calling Maria Bartiromo "a good reporter", Erin Burnett "a class act -- I used to love doing TV with her", and of Jim Cramer, "I like Jim personally." In response to accusations of being as much a showman as a journalist, Gasparino has said, "You want to be entertaining when you present news. People don't want a droll Charlie Gasparino droning on about Merrill Lynch." [4]

In 2010, Marketwatch named Gasparino one of "12 Broadcasters Who Are Making a Difference", and The Daily Beast called him one of the "Top 15 "Economic and Business Commentators" (and the only television journalist on the list). [11] [12]

Gasparino also posts breaking news updates on Twitter and for several years regularly filled in for John Batchelor on Friday nights as the host of "The John Batchelor Show" on WABC-AM in New York City.

Pulitzer nominee claim

Gasparino's biographical snippets on websites and his own personal statements have occasionally claimed that Gasparino is a Pulitzer Prize nominee. [13] [14] [15]

Gasparino was criticized for this by investigative reporter Bill Dedman and others as a misleading claim: while Gasparino was suggested to the Pulitzer Nominating Juries, hundreds of journalists are, and there is no particular esteem in this as anyone can submit anyone else for consideration. [16] [17] [18] When people claim to be a Pulitzer nominee, the usual implication is that the Pulitzer Nominating Jury has deemed them a finalist in that year's competition, which is a prestigious honor, but not one Gasparino attained. [19] Fox Business updated his biography to more precisely say that his work "was submitted for the Pulitzer" rather than being a nominee. [16]

Books

In 2005, Gasparino wrote Blood on the Street: The Sensational Inside Story of How Wall Street Analysts Duped a Generation of Investors , published by Free Press. [20] In November 2007, HarperCollins released Gasparino's second book, King of the Club: Richard Grasso and the Survival of the New York Stock Exchange, which covered the rise and fall of former New York Stock Exchange head Richard Grasso, from the outrage occasioned by his near-$140 million compensation package. [21]

His next book, covering the financial crisis from its inception in the 1970s to the present day, its impact on the economy and on the financial markets, is entitled The Sellout: How Wall Street Greed and Government Mismanagement Destroyed America's Global Financial System, and was published by HarperCollins in November 2009. [22]

A New York Times bestseller, The Wall Street Journal, USA Today , and Library Journal all named it one of the best business books of 2009, and it received the 2009 Investigative Reporters and Editors Award for Books. [23] [24] [25] [26]

Gasparino's latest book, Bought and Paid For: The Unholy Alliance Between Barack Obama and Wall Street, was published by Sentinel, a dedicated conservative imprint of publisher Penguin Putnam, [27] on October 5, 2010.

Works

Related Research Articles

<span class="mw-page-title-main">Dow Jones & Company</span> American publishing and financial information company

Dow Jones & Company, Inc. is an American publishing firm owned by News Corp and led by CEO Almar Latour.

The Wall Street Journal (WSJ), also referred to simply as the Journal, is an American business and economic-focused international daily newspaper based in New York City. The Journal is published six days a week by Dow Jones & Company, a division of News Corp. The newspaper is published in broadsheet format and online. The Journal has been printed continuously since its inception on July 8, 1889, and is regarded as a newspaper of record, particularly in terms of business and financial news. The newspaper has won 39 Pulitzer Prizes, the most recent in 2023.

<span class="mw-page-title-main">CNBC</span> American television business news channel

CNBC is an American business news channel owned by the NBCUniversal Media Group, a subsidiary of Comcast's NBCUniversal. The network broadcasts business news and analysis programming during the morning, daytime trading day, and early-evening hours, while off-peak hours are filled by business-themed documentaries and reality television programming, as well as occasional NBC Sports presentations. CNBC operates an accompanying financial news website, CNBC.com, which includes news articles, video and podcast content, as well as subscription-based services. CNBC's headquarters and main studios are located in Englewood Cliffs, New Jersey, while it also maintains a studio at the Nasdaq MarketSite in Times Square, New York City.

<span class="mw-page-title-main">Richard Grasso</span> Former chairman and chief executive of the New York Stock Exchange

Richard A. "Dick" Grasso was chairman and chief executive of the New York Stock Exchange from 1995 to 2003. He started in 1968 when he was hired by the Exchange as a floor clerk.

<span class="mw-page-title-main">John Thain</span> American businessman

John Alexander Thain is an American financial executive and investment banker. He was president and co-COO of Goldman Sachs, and then CEO of the New York Stock Exchange. Thain then became the last chairman and CEO of Merrill Lynch & Co. before its merger with Bank of America. He was designated to become president of global banking, securities, and wealth management at the newly combined company, but resigned on January 22, 2009. Ken Lewis, CEO of Bank of America, reportedly forced Thain to step down after several controversies, such as the losses at Merrill Lynch which proved to be far larger than previously estimated, and the award of huge executive bonuses. Thain then was chairman and CEO of the CIT Group. He has been a board member of Uber since 2017.

Steve Liesman is an American journalist, senior economics reporter for the cable financial television channel CNBC. He is known for appearing on the CNBC programs Squawk Box and other business related topics on CNBC and NBC and using a paper "easel" while explaining the state of the United States economy.

Gretchen C. Morgenson is an American Pulitzer Prize-winning journalist notable as longtime writer of the Market Watch column for the Sunday "Money & Business" section of The New York Times. In November, 2017, she moved from the Times to The Wall Street Journal.

<i>Fast Money</i> (talk show) American investing talk show

Fast Money is an American financial stock trading talk show that began airing on the CNBC cable/satellite TV channel on June 21, 2006. Beginning October 10, 2007, it was broadcast every weeknight at 5pm ET, one hour after the close of trading on the New York Stock Exchange, until mid-2011 when it was moved to just four nights per week, Monday through Thursday, to make room for special option and currency trading shows on Friday evenings. On March 22, 2013, it returned to the Friday night slot as a half-hour show, followed by the Options Action half-hour show. The Friday edition of Fast Money returned to being a full-hour show on September 22, 2023, after Options Action was quietly cancelled the previous Friday. The show originates from the NASDAQ MarketSite in New York City.

<span class="mw-page-title-main">CNBC Africa</span> African TV channel

Consumer News and Business Channel Africa is an African pay television network launched on 1 June 2007. Founded by Rakesh Wahi and Zafar Siddiqi, the network is produced under license from CNBC International and is owned by Africa Business News. It is headquartered in Sandton, Johannesburg.

<span class="mw-page-title-main">Fox Business</span> American business channel

Fox Business is an American conservative business news channel and website publication owned by the Fox News Media division of Fox Corporation. The channel broadcasts primarily from studios at 1211 Avenue of the Americas in Midtown Manhattan. Launched on October 15, 2007, the network features trading day coverage and a nightly lineup of opinion-based talk shows.

Herb Greenberg is an American journalist.

<span class="mw-page-title-main">Jordan Belfort</span> American former stockbroker (born 1962)

Jordan Ross Belfort is an American former stockbroker, financial criminal, and businessman who pleaded guilty to fraud and related crimes in connection with stock-market manipulation and running a boiler room as part of a penny-stock scam in 1999. Belfort spent 22 months in prison as part of an agreement under which, becoming an informant for the FBI and wearing a wire, he gave testimony against numerous partners and subordinates in his fraud scheme. He published the memoir The Wolf of Wall Street in 2007, which was adapted into a Martin Scorsese film of the same name released in 2013, in which he was played by Leonardo DiCaprio.

<span class="mw-page-title-main">Betty Liu</span> Hong Kong journalist (born 1973)

Betty W. Liu is the Executive Vice Chairman of the New York Stock Exchange and the Chief Experience Officer of Intercontinental Exchange. Liu joined the NYSE Group after ICE acquired Radiate, the ed-tech startup she founded. Liu is a former news anchor for Bloomberg Television, a subsidiary of Bloomberg L.P. A business journalist, Liu regularly interviewed influential business, political and media leaders including Warren Buffett, Elon Musk, and Arianna Huffington.

<span class="mw-page-title-main">Joanne Lipman</span> American journalist, editor, and author

Joanne Lipman is an American journalist and author who has served as chief editor at USA Today, the USA Today Network, Conde Nast, and The Wall Street Journal's Weekend Journal. She is the author of That's What She Said: What Men Need to Know About Working Together. She is also the inaugural Peretsman Scully Distinguished Journalism Fellow at Princeton's Institute for Advanced Study and a CNBC on-air contributor. Until December 31, 2017, she was Chief Content Officer of publishing company Gannett, and editor-in-chief of USA Today and the publications in its network, such as the Detroit Free Press, The Des Moines Register and The Arizona Republic. She is co-author, with Melanie Kupchynsky, of Strings Attached: One Tough Teacher and the Gift of Great Expectations. She was the founding editor-in-chief of Conde Nast Portfolio magazine and Portfolio.com website from 2005 to 2009. Previously she was a deputy managing editor of The Wall Street Journal, the first woman to hold that position. She is a frequent television commentator on business issues, appearing on CNN, CNBC, CBS and other news outlets. She has also contributed to The New York Times.

<span class="mw-page-title-main">David Wessel</span> American journalist and writer (born 1954)

David Meyer Wessel is an American journalist and writer. He has shared two Pulitzer Prizes for journalism. He is director of the Hutchins Center on Fiscal & Monetary Policy at the Brookings Institution and a contributing correspondent to The Wall Street Journal, where he worked for 30 years. Wessel appears frequently on National Public Radio's Morning Edition.

<span class="mw-page-title-main">Susanne Craig</span> Canadian journalist

Susanne Craig is a Canadian investigative journalist who works at The New York Times. She was the reporter to whom Donald Trump's 1995 tax returns were anonymously mailed during the 2016 presidential election. In 2018, she was an author of The New York Times investigation into Donald Trump's wealth that found the president inherited hundreds of millions of dollars from his father, some through fraudulent tax schemes. She won the Pulitzer Prize for Explanatory Reporting in 2019 for this coverage. In 2020, she further reported on Donald Trump's tax record which disclosed that he paid $750 in federal income tax during 2016 and nothing at all in 10 of the previous 15 years. Craig is also known for her coverage of the financial crisis of 2007–2008 and of New York State and New York City government and politics.

Jessica Silver-Greenberg is a business reporter for The New York Times whose investigative reporting on consumer financial issues has been cited in the U.S. Supreme Court and the U.S. Congress.

Kate Kelly is an American reporter for The New York Times.

Blood on the Street: The Sensational Inside Story of How Wall Street Analysts Duped a Generation of Investors (2005) is a book by American journalist Charles Gasparino and published by Free Press.

References

  1. 1 2 3 "FoxBusiness.com bio of Gasparino". Fox Business . Archived from the original on March 10, 2010.
  2. 1 2 "The Haute Insiders. Charles Gasparino: Guide to New York", Haute Living magazine. Retrieved on 2010-03-10. Archived July 11, 2011, at the Wayback Machine
  3. 1 2 "Fox Business Hires Reporter From CNBC", The New York Times, 2010-02-16. Retrieved on 2010-02-17.
  4. 1 2 "Charlie Gasparino: Fox's Rocky Balboa", marketwatch.com, 2010-05-05. Retrieved on 2010-06-17.
  5. ↑ "Fox Business Lures Gasparino Away From CNBC", The Washington Post, 2010-02-16. Retrieved on 2010-02-17.
  6. 1 2 3 "A Pugnacious Pundit Wall Street Can't Ignore", Financial Times, 2009-07-17. Retrieved on 2010-02-17.
  7. ↑ "Where's Charlie Gasparino?", MediaBistro, 2009-04-15. Retrieved on 2010-02-17. Archived April 20, 2009, at the Wayback Machine
  8. ↑ Charles Gasparino "Regulators Honing in on BofA's Size", foxbusiness.com, 2010-03-10. Retrieved on 2010-03-10. Archived March 13, 2010, at the Wayback Machine
  9. ↑ "U.S. Government May Soon Ease Out of Citi Stake", foxbusiness.com, 2010-03-09. Retrieved on 2010-03-10. Archived March 12, 2010, at the Wayback Machine
  10. ↑ "As CNBC Interviews Morgan Stanley Chairman, FBN's Gasparino Breaks News on the Company", mediabistro.com, 2010-06-07. Retrieved on 2010-06-17. Archived June 11, 2010, at the Wayback Machine
  11. ↑ Jon Friedman, "12 broadcasters who are making a difference", Marketwatch.com, 2010-09-17. Retrieved on 2010-10-07.
  12. ↑ Tunku Varadarajan, "Top Economic and Business Commentators", The Daily Beast, 2010-10-03. Retrieved on 2010-10-07.
  13. ↑ "Charles Gasparino - FOXBusiness.com". www.foxbusiness.com. Archived from the original on 10 March 2010. Retrieved 12 January 2022.
  14. ↑ "Charles Gasparino". HarperCollins Speakers Bureau.
  15. ↑ "Charles Gasparino". Archived from the original on 2018-09-12.
  16. 1 2 "Also not a Pulitzer Prize nominee: Charles Gasparino of Fox Business". MSNBC. June 27, 2012.
  17. ↑ Abad-Santos, Alexander (June 27, 2012). "Fox Business' Charles Gasparino Is Today's Fake Pulitzer Prize Nominee". The Atlantic.
  18. ↑ Roche, Julia La. "WHOOPS! Charlie Gasparino Is The Latest To Be Busted For Saying He Was Nominated For A Pulitzer". Business Insider.
  19. ↑ "Frequently Asked Questions". The Pulitzer Prizes. Nominated Finalists are selected by the Nominating Juries for each category as finalists in the competition. ... We discourage someone saying he or she was 'nominated' for a Pulitzer simply because an entry was sent to us.
  20. ↑ Gasparino, Charles (January 10, 2005). Blood on the Street. Simon and Schuster. ISBN   9780743276511 – via simonandschuster.com.
  21. ↑ "King of the Club".
  22. ↑ "The Sellout - Charles Gasparino - Hardcover". HarperCollins Publishers: World-Leading Book Publisher.
  23. ↑ Mark Lasswell "Standout Selections", The Wall Street Journal, 2009-12-18. Retrieved on 2010-02-17.
  24. ↑ "Year's best business books to make sense of the financial crisis", USA Today, 2009-12-24. Retrieved on 2010-02-17.
  25. ↑ "Sarah Statz Cords "LJ Best of 2009 Business Books", Library Journal, 2010-03-04. Retrieved on 2010-03-10". Archived from the original on 2010-03-07. Retrieved 2010-03-11.
  26. ↑ "List of IRE Awards winners. Retrieved on 2010-10-07". Archived from the original on 2010-10-30. Retrieved 2010-10-07.
  27. ↑ "Publishers Marketplace: Log In". publishersmarketplace.com.

Biographies and profiles

This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.