Jon Stewart's 2009 Criticism Of CNBC
On March 12, 2009, television personality Jim Cramer appeared as a guest on The Daily Show with Jon Stewart. The host of CNBC's Mad Money, Cramer appeared in response to host Jon Stewart's highly-publicized week-long criticism of CNBC. The exchange began with a scathing piece on CNBC's miscalculations regarding the global financial crisis of 2008–2009 in response to CNBC commentator Rick Santelli, who had recently said on the floor of the Chicago Board of Trade that homeowners facing foreclosure were "losers". Santelli had been set to appear on the show, but CNBC canceled Santelli’s appearance. Stewart, along with Daily Show executives, claimed the CNBC montage was not retaliatory and that they planned to show it before the cancellation was announced.
Subsequent media coverage of exchanges between Cramer, who had been featured heavily in the original segment, and Stewart, led to a highly anticipated face-to-face confrontation on Stewart's show. The episode received a large amount of media hype and became the second most-viewed episode of The Daily Show, trailing only the 2009 Inauguration Day episode. It had 2.3 million total viewers and the next day The Daily Show website saw its highest day of traffic year-to-date.
Read more about Jon Stewart's 2009 Criticism Of CNBC: Cramer On The Daily Show, Reactions To The Interview, Impact
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