FBN's Peter Barnes and Liz MacDonald had some fun at CNBC's expense this morning. But the point that they were getting at was no laughing matter, in terms of business coverage.
Peter anchored from FBN's studios in midtown Manhattan--you know, the financial hub of the planet--while poor Liz out there, somewhere, in Englewood Cliffs, NJ. Peter asked Liz if it was "hunting season" out there; Liz answered, yeah, "hunting peacocks." The joke, of course, was on CNBC, which had its headquarters in Englewood Cliffs, way up and over from Manhattan, across the Hudson River in the Garden State. Under pressure from FBN, CNBC has both downsized and relocated, back to NYC. But for two decades, NBC was too cheap to give CNBC a real presence in New York--that's the sort of journalistic "daylight" that FBN has gone running through.
As Liz said, tongue-in-cheekily to Peter on the air this morning, "Who would have thought that anybody could cover the stock market out here?" Good question! But those days are over now, and journalism is already getting better.
Thanks to BizFanatic22 for capturing the moment on YouTube.
