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Maria Bartiromo

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Maria Sara Bartiromo (born September 11, 1967) is an American conservative journalist and author who has also worked as a financial reporter and news anchor.[1] She is the host of Mornings with Maria and Maria Bartiromo's Wall Street on the Fox Business channel, and Sunday Morning Futures With Maria Bartiromo on the Fox News channel.[2]

Maria Bartiromo
Bartiromo in 2015
Born
Maria Sara Bartiromo

(1967-09-11) September 11, 1967 (age 57)
New York City, U.S.
EducationLong Island University, Post
New York University (BA)
Occupations
Years active1988–present
EmployerFox Corporation
Spouse
Jonathan Steinberg
​
(m. 1999)​
RelativesSaul Steinberg (father-in-law)
Websitebartiromo.com

Bartiromo worked at CNN as a producer for five years before joining CNBC in 1993, where she worked on-air for 20 years. With CNBC, she was the host of Closing Bell and On the Money with Maria Bartiromo. She was the first television journalist to deliver live television reports from the floor of the New York Stock Exchange. She has won several awards for her work on these programs, including two Emmy Awards. Nicknamed the "Money Honey", she garnered considerable attention within the financial industry in addition to the media. Her work for CNBC was largely non-political in its subject matter and approach. She sits on the boards of a number of non-profit and civic organizations.

In 2013, she left CNBC to host shows for Fox.[3]

Early life and education

Bartiromo was born to Italian-American parents Vincent and Josephine Bartiromo, and was raised in the Dyker Heights area of Brooklyn in New York City.[4][5][6][7] Her father owned the Rex Manor restaurant in Brooklyn, and her mother served as the hostess. Her mother also worked as a clerk at an off-track betting parlor.[8][9] Her mother's family was from Agrigento, Sicily.[10] Her grandfather Carmine Bartiromo immigrated to the United States from Nocera, Campania in 1933, settling in New York and serving in the US Armed Forces.[11]

Bartiromo attended Fontbonne Hall Academy, an all-girls private Catholic school in Bay Ridge.[12] During this time, she worked at the coat check at her father's restaurant and as a stock clerk at a wedding dress shop.[8] She was fired from the latter for trying on newly arrived dresses before putting them away; she recalled "I cried the whole way home, but I learned a valuable lesson and that is – do your job."[8]

Bartiromo started college at C. W. Post before transferring to New York University.[7] During her college years, she worked at the same betting parlor where her mother worked.[13] She graduated from NYU's Washington Square Campus in 1989[14] with a Bachelor of Arts in journalism and economics.[1]

While at NYU she became involved with radio, interning on Barry Farber's show on WMCA 570.[15][16] Farber was impressed by her willingness and capability in doing behind-the-scenes tasks associated with the role.[17][16] Following that, she interned at CNN.[8]

Career

CNN

 
Bartiromo at the World Economic Forum in Davos in 2008

After her internship, which began in 1988 or 1989, Bartiromo spent five years as an executive producer and assignment editor with CNN Business.[18] Her supervisor at CNN was Lou Dobbs, who later became a colleague at Fox Business.[8][4] She also worked as a production assistant for Stuart Varney there.[19]

CNBC

Live from the stock exchange floor

In 1993, Bartiromo was hired by executive Roger Ailes to replace analyst Roy Blumberg at CNBC, and began reporting live from the floor of the New York Stock Exchange, as well as hosting and contributing to the Market Watch and Squawk Box segments.[4][8][1] Bartiromo became the first journalist to deliver live television reports from the raucous floor of New York Stock Exchange.[8] The Guardian newspaper described the scene as, "viewers could watch Bartiromo amid the tumult on the floor of the New York Stock Exchange, straining her voice to be heard as she delivered reports to camera ..., her 5ft 5in frame [1.65m] often jostled by burly traders. "[20] She has said of that innovation: "I got bumped around a little, but it was very exciting — a new, instantaneous way of reporting market news. We immediately had a big following. "[13]

Bartiromo was the anchor and managing editor of the CNBC business interview show On the Money with Maria Bartiromo[1] (called The Wall Street Journal Report during much of this time). Beginning in 2007, she hosted The Business of Innovation. She hosted several other programs, including Closing Bell (2002–2013), Market Wrap (1998–2000), and Business Center (1997–1999). She became known for the ability to get CEOs of companies in the news to come on her show for an interview.[7] She became influential.[20]

"Money Honey"

 
Mary Schapiro, Elizabeth Warren, Tim Geithner, Christina Romer, Sheila Bair, and Maria Bartiromo

Bartiromo appeared on television shows such as NBC Universal's The Tonight Show with Jay Leno and Late Night with Conan O'Brien, CBS Television Distribution's The Oprah Winfrey Show, HBO's Real Time with Bill Maher, Warner Bros. Television's short-lived The Caroline Rhea Show, CNBC's even shorter-existing McEnroe, and Comedy Central's The Colbert Report, as well as guest-hosting on the syndicated Live with Regis and Kelly.[21]

Over the years, writers for multiple media outlets have commented on her good looks and likened her appearance to that of the Italian actress Sophia Loren.[20][17][5][22][23] It is a comparison that Bartiromo has acknowledged and welcomed as a compliment.[24]

Bartiromo was nicknamed the "Money Honey" in the mid-to-late 1990s, a moniker that she had conflicted feelings about lest it diminish her credibility as a financial journalist.[17][20][18][25] In January 2007, Bartiromo filed trademark applications to use the term "Money Honey" as a brand name for a line of children's products, including toys, puzzles and coloring books, to teach kids about money.[26][27] By some accounts she later let the trademarks expire.[25]

Continued prominence

 
Peter Löscher and Maria Bartiromo
 
Bartiromo interviewing Mark Hurd in 2013

Bartiromo anchored the television coverage of New York City's Columbus Day Parade beginning in 1995 and was the Grand Marshal in 2010.[28]

In 2006–07 there was controversy over Bartiromo possibly being too close socially to some of the executives she was covering, which included overseas trips with some such sources.[16][17][7] In part, that was part and parcel of her role to add "pizazz and drama".[17] As The New York Times wrote, "in her years as CNBC's most recognizable face, [she] has lent to the reporting of once gray business news a veneer of gloss and celebrity." But the Times noted that: "Typically, Ms. Bartiromo's interviewing style can be probing, aggressive and, her special access notwithstanding, she can make even some of her best sources sweat a bit on camera. "[17] CNBC defended her on the matter, saying that the trips in question were properly approved and that "her journalistic integrity was never compromised",[16] and Bartiromo retained the confidence of NBC upper management.[7]

Following the financial crisis of 2008, which featured the collapse of some Wall Street firms and the federal bailouts of others, Bartiromo commented in an interview: "I'm a free-market capitalist who would like to think that the market can correct itself. Unfortunately, the structures we have in place dropped the ball. The boards of directors were asleep at the wheel. So were the regulators. I believe that so-called independent boards of directors should be held accountable for their firms, too. Wall Street today faces the wrath of their shareholders and the scorn of the public. There's got to be substantial change from within to regain public trust. "[29]

Bartiromo signed a new five-year contract with CNBC in late 2008 (equivalent to $5,559,000 in 2023).[30] Her salary there was around $4 million a year.[7] Former colleague Dylan Ratigan has said that Bartiromo "is a generational icon for financial television. Full stop. "[7]

Fox Business and Fox News

Early years and ratings

 
Bartiromo interviewing Secretary of State Mike Pompeo on her Fox Business program in 2019

On November 18, 2013, it was announced that Bartiromo was leaving CNBC to join Fox Business (FBN).[31] According to the Drudge Report, her deal with Fox Business called for her to anchor a daily market hours program and to have a role on Fox News as well.[31] Her first show with Fox Business was Opening Bell with Maria Bartiromo. She expanded the subject domains she covered to include not just the stock market but also larger questions of public policy and the overall economy.[32]

Since her time with the Fox Business channel, the ratings for her show began to surge when she became an important news source for Trump supporters.[33]

Presidential debate host

The developments of the 2016 Republican presidential nomination race benefited her ratings, as she developed an on-air relationship with Trump.[33]

In regard to the 2016 Republican Party presidential debates and forums, she was one of three moderators for Fox Business of the debate of November 10, 2015 at the Milwaukee Theatre and she and her colleagues were credited with keeping a focus on economics and for overseeing a largely civil discussion among the candidates.[34][35] She even drew some boos from the audience for suggesting that likely Democratic nominee Hillary Clinton had much more relevant experience than the candidates on stage.[36] She then co-hosted on Fox Business another Republican debate, this time on January 14, 2016 in the North Charleston Coliseum,[37] one that was not previously planned but awarded on the basis of the first performance.[38] One assessment of the North Charleston debate was that the moderators were initially mild but got tougher as the debate went on and delved more into matters economic.[38]

During the 2016 general election, she commented on the differing ways that Wall Street would react to either candidate winning.[32] She received a good deal of attention during this period for her sartorial choices for the traditional Al Smith Dinner.[32] But as the election ran on towards its conclusion, Bartiromo took an increasingly sharp pro-Trump stance,[33] such as repeating trolling Internet posts attacking Clinton.[39]


Ratings success

Five years after joining the fledgling network, both her shows and the channel itself was surpassing CNBC in audience size some of the time.[40] In September 2019, she signed a new multi-year deal with FBN.[41] That year, TheStreet.com reported that Bartiromo had an annual salary of $10 million, seventh highest among American television news anchors of any kind.[42]

During the latter part of January 2021, at the outset of the Biden administration, Fox News gave Bartiromo a trial run to head one of Fox News' primetime slots, the new weekday 7 p.m. Fox News Primetime political opinions show.[43][44] Her guest hosting stint began the week of January 25, 2021.[45] She did not get the time slot.

In February 2021, Smartmatic sued Fox Corporation, Fox News, Bartiromo, Dobbs, and Pirro, for defamation, seeking $2.7 billion in damages.[46] In response her lawyers moved to have the case against her dismissed, saying that she was just reporting on presidential claims during an historically controversial election and that Smartmatic was really trying to make up for poor business performance.[47] Dobbs (by then off the air at FBN) and Pirro filed separate but similar motions for dismissal.[48] In February 2023, the court refused to dismiss the suit.[49]

Books and other publications

 
Bartiromo in 2012 with Zambian economist Dambisa Moyo

Bartiromo is the author of several books. Her first was Use the News: How to Separate the Noise from the Investment Nuggets and Make Money in Any Economy (HarperCollins, 2001). Her next two books were The 10 Laws of Enduring Success (Crown Business, 2010) and The Weekend That Changed Wall Street (Portfolio Hardcover, 2011).[50] A fourth book, of which she held the status of co-author along with James Freeman, was titled The Cost: Trump, China, and American Renewal (Simon & Schuster, 2020).[51]

Awards, honors and memberships

 
Bartiromo at the Women in Finance Symposium 2010

Bartiromo is the recipient of an Excellence in Broadcast Journalism Award (1997); a Lincoln Statue Award presented by the Union League of Philadelphia (2004); a Gracie Award, for Outstanding Documentary (2008);[52] and two Emmy Awards, an Emmy Award for Outstanding Coverage of a Breaking News Story (2008)[53] and an Emmy Award for Outstanding Business and Economic Reporting (2009).[54]

In 2009, the Financial Times listed Bartiromo as one of "50 Faces That Shaped the Decade".[55] In 2011, she was the third journalist to be inducted into the Cable Hall of Fame.[1][56] In 2016, she was inducted into the Library of American Broadcasting.[55]

The Maria Bartiromo Broadcast Journalism Studio at Fontbonne Hall Academy, the high school she attended, is named after her.[12] She was the keynote speaker for Fontbonne's 80th anniversary gala in 2018.[12]

Bartiromo is on board of trustees of New York University, her alma mater.[7] She gave the commencement speech at the NYU Stern School of Business in 2012.[7] She has also taught there, acting as an adjunct professor at the Stern School from 2010 to 2013.[57] The seminar that she co-taught in fall 2010, titled "Global Markets and Normative Frameworks", filled its registration in 10 minutes.[58]

She has been on the board of trustees for the New York City Ballet.[17] She is a member of the Council on Foreign Relations and the Economic Club of New York.[59] She has been on the board of the Girl Scout Council of Greater New York, Public Education Needs Civic Involvement and Leadership (PENCIL) in New York, and the Young Global Leaders of the World Economic Forum.[59] She is a member of the board of governors of the Columbus Citizens Foundation, and in 2010 was the grand marshal of the Columbus Day Parade.[60][59]

Personal life

In 1999, Bartiromo married Jonathan Steinberg,[61] chief executive officer of WisdomTree Investments and son of billionaire financier Saul Steinberg.[4][9][62] They first met in 1990, soon after her college graduation.[17] The ceremony was held at the home of the bridegroom and was officiated by a rabbi.[61]

The couple own a beach house in the hamlet of Westhampton, New York.[8] They have also lived in a five-story townhouse on Manhattan's Upper East Side.[13]

Bartiromo appeared as herself in several films: Risk/Reward, a documentary about the lives of women on Wall Street (2003); the 2009 remake of The Taking of Pelham 123, an action film about armed men who hijack a New York City subway train; the sequel drama film Wall Street: Money Never Sleeps (2010); the documentary Inside Job (2010); and the finance thriller, Arbitrage (2012).

Joey Ramone, of the punk rock pioneers The Ramones, developed a friendship with Bartiromo after his band broke up in the late 1990s.[29] He subsequently wrote a song titled "Maria Bartiromo" that appeared on his solo album Don't Worry About Me, released posthumously in 2002.[20]

See also

References

  1. ^ a b c d e "Maria Bartiromo". CNBC TV Profiles. CNBC. Retrieved March 17, 2011.
  2. ^ McEnery, Thornton. "16 Years In The Life Of Maria Bartiromo". Business Insider. Retrieved November 15, 2022.
  3. ^ Carter, Bill (November 18, 2013). "Maria Bartiromo to Leave CNBC For Fox Business". The New York Times. Retrieved December 19, 2020.
  4. ^ a b c d Cite error: The named reference wp4 was invoked but never defined (see the help page).
  5. ^ a b Heilpern, John (September 2010). "It's the Money, Honey". Vanity Fair. Retrieved July 19, 2013.
  6. ^ "Maria Bartiromo – Journalist, News Anchor". Biography.com. Retrieved February 7, 2019.
  7. ^ a b c d e f g h i Cohan, William D. (January 15, 2019). "Maria Bartiromo Was a Generational Icon for Financial Television. What Happened?". Institutional Investor. Retrieved December 19, 2020.
  8. ^ a b c d e f g h Battaglio, Stephen (April 25, 2019). "Maria Bartiromo's stock has risen at Fox Business Network and Fox News". Los Angeles Times. Retrieved April 25, 2019.
  9. ^ a b "Weddings; Jonathan Steinberg, Maria Bartiromo". The New York Times. New York City. June 13, 1999. Retrieved November 15, 2015.
  10. ^ "Maria Bartiromo - Italian Americans of New York and New Jersey". Channel 13 PBS New York
  11. ^ Limitone, Julia (December 6, 2019). "From Italy to America: Maria Bartiromo opens up on heritage, first job". Fox Business. Retrieved December 6, 2019.
  12. ^ a b c "Bay Ridge's Fontbonne Hall Academy celebrates 80th anniversary". Brooklyn Eagle. April 25, 2018. Retrieved February 4, 2021.
  13. ^ a b c Johnson, Emma (November 2, 2012). "Maria Bartiromo: More Than Money". Success. Retrieved November 3, 2012.
  14. ^ "Current Board Members". Retrieved February 4, 2021.
  15. ^ Politico Staff (September 11, 2019). "Birthday of the Day: Maria Bartiromo, global markets editor and anchor at Fox News and Fox Business Network". Politico. Retrieved February 4, 2021.
  16. ^ a b c d Connor, Tracy (February 17, 2007). "A sticky situation for Money Honey". nydailynews.com. Retrieved February 4, 2021.
  17. ^ a b c d e f g h Thomas, Landon Jr. (February 12, 2007). "Questions Grow About a Top CNBC Anchor (Published 2007)". The New York Times. ISSN 0362-4331. Retrieved February 4, 2021.
  18. ^ a b Brady, James (April 17, 2005). "In Step With: Mario Bartiromo". Parade. Archived from the original on October 17, 2006. Retrieved March 17, 2011.
  19. ^ "Bartiromo recalls being Varney's production assistant at CNN - YouTube". www.youtube.com. Retrieved February 4, 2021.
  20. ^ a b c d e "Maria Bartiromo: Money honey who stirred Ramone's hormones". the Guardian. July 13, 2006. Retrieved February 4, 2021.
  21. ^ Strauss, Robert (April 24, 2001). "As Markets Yo-Yo, CNBC Steadily Rises; Television * The dizzying Dow and nail-biting Nasdaq bring more (and more affluent) viewers to the chart-rich cable network". Los Angeles Times. p. F1.
  22. ^ "Fox Business anchor Maria Bartiromo talks with Fashion Flash prior to Cleveland visit: RNC 2016", Allison Carey, The Plain Dealer, July 20, 2016
  23. ^ Cite error: The named reference WaPo20201223 was invoked but never defined (see the help page).
  24. ^ "GOP Debate Moderator Maria Bartiromo on That Brooch That Almost Broke the Internet, Her Love for Jumpsuits and More! ", Brittany Talarico, People, January 14, 2016
  25. ^ a b Wilner, Richard (March 28, 2010). "Maria is no longer sweet on 'Honey'". New York Post. Retrieved March 19, 2011.
  26. ^ McLaughlin, Tim (January 29, 2007). "CNBC 'Money Honey' looks to sweeten her pocketbook". Reuters. Retrieved October 20, 2007.
  27. ^ "Trademark Electronic Search System". U.S. Patent and Trademark Office. Requires search for term "money honey"; related application numbers returned include 77182178, 77084008, 77084001, 77083997, 77083992, 77083987, 77083986, 77083972, and 77083967. Retrieved October 8, 2011.
  28. ^ "The Annual Columbus Day Parade on Fifth Avenue, New York City". New York: Columbus Citizens Foundation. October 11, 2010. Retrieved March 17, 2011.
  29. ^ a b Heilpern, John (August 13, 2010). "Maria Bartiromo". Vanity Fair. Retrieved February 4, 2021.
  30. ^ McDonald, Duff (July 29, 2009). "Exclusive: Maria Bartiromo Contract Details Confirmed". Vanity Fair. Retrieved December 19, 2020.
  31. ^ a b Feldman, Josh (November 18, 2013). "Maria Bartiromo Reportedly Leaving CNBC for Fox Business Network". Mediaite. Retrieved January 14, 2016.
  32. ^ a b c Steigrad, Alexandra (November 7, 2016). "Maria Bartiromo on the Post-Election Market Reaction and Plunging Necklines". WWD. Retrieved February 4, 2021.
  33. ^ a b c Kirell, Andrew; Tani, Maxwell (June 1, 2018). "Maria Bartiromo's Strange Trip From 'Money Honey' to One of Trump's Top Boosters". The Daily Beast. Retrieved November 29, 2020.
  34. ^ "No debate over Fox Business moderators: Better than CNBC". November 10, 2015.
  35. ^ "Fox Business Debate Earns Rave Reviews". The Daily Beast. November 11, 2015.
  36. ^ "Fox moderator Maria Bartiromo was booed after citing Hillary Clinton's 'impressive résumé'". Business Insider.
  37. ^ "GOP Debate Moderator Maria Bartiromo: Candidates 'Need to Grow Up'". January 14, 2016.
  38. ^ a b "Cavuto and Bartiromo pitch batting practice". Politico. January 15, 2016.
  39. ^ "Fox Business's Maria Bartiromo traffics in smear that Clinton called Muslims 'sand n—ers' - The Washington Post". The Washington Post.
  40. ^ Joyella, Mark (March 12, 2019). "5 Years Later, Maria Bartiromo Explains How She's Grown At Fox — And Why She Had to Leave CNBC". Forbes. Retrieved March 13, 2019.
  41. ^ Katz, A.J. (September 30, 2019). "Fox Business Is in the Midst of a Significant Brand Refresh". Adweek. Retrieved October 1, 2019.
  42. ^ O’Connell, Brian (August 25, 2019). "Who Are the Highest-Paid News Anchors?". TheStreet.com. Retrieved December 19, 2020.
  43. ^ Cite error: The named reference :4 was invoked but never defined (see the help page).
  44. ^ "Fox News launches new opinion show with Bartiromo, Gowdy and Pavlich among the hosts". news.yahoo.com. January 18, 2021. Retrieved February 4, 2021.
  45. ^ "Maria Bartiromo to Guest Host This Week's 'Fox News Primetime' (Exclusive)". www.msn.com. Retrieved February 4, 2021.
  46. ^ Jonah E. Bromwich and Ben Smith, [1], New York Times (February 4, 2021).
  47. ^ "Fox hosts Dobbs, Bartiromo strike back in voting fraud suit". ABC News.
  48. ^ "Fox News anchors Lou Dobbs, Maria Bartiromo and Jeanine Pirro file motions to dismiss Smartmatic defamation lawsuit".
  49. ^ Stempel, Jonathan (February 14, 2023). "Fox News must face Smartmatic's lawsuit over election-rigging claims". Reuters.
  50. ^ "Maria Bartiromo Profile". CNBC. Archived from the original on October 16, 2012. Retrieved April 1, 2011.
  51. ^ Rapoza, Kenneth (October 20, 2020). "Maria Bartiromo Takes On China In Latest Book, 'The Cost'". Forbes. Retrieved October 21, 2020.
  52. ^ "2008 Gracie Awards Winners" (PDF). Alliance for Women in Media. Archived from the original (PDF) on March 27, 2012. Retrieved April 1, 2011.
  53. ^ "30th Annual News and Documentary Emmy Awards Winners" (PDF). National Academy of Television Arts and Sciences. October 5, 2009. Archived from the original (PDF) on December 15, 2010. Retrieved April 1, 2011.
  54. ^ "31st Annual News and Documentary Emmy Awards Winners" (PDF). National Academy of Television Arts and Sciences. October 14, 2010. Archived from the original (PDF) on November 22, 2010. Retrieved April 1, 2011.
  55. ^ a b Limitone, Julia (November 4, 2019). "Maria Bartiromo honored with lifetime achievement award from National Italian American Foundation". Fox Business. Retrieved November 5, 2019.
  56. ^ "Maria Bartiromo". Cable Hall of Fame. Archived from the original (Flash Video) on May 6, 2011. Retrieved April 1, 2011.
  57. ^ "Maria Bartiromo". Fox Business. Retrieved December 19, 2020.
  58. ^ Levin, Bess. "Class Is In Session, With Professor Bartiromo". Dealbreaker. Retrieved February 4, 2021.
  59. ^ a b c "Maria Bartiromo – Women in Cable Telecommunications". Retrieved February 4, 2021.
  60. ^ "Giornale Fall 2010". Retrieved February 4, 2021.
  61. ^ a b "Weddings: Jonathan Steinberg, Maria Bartiromo". The New York Times. June 13, 1999. p. Society section.
  62. ^ Moyer, Liz (June 13, 2006). "A Tree of Wisdom". Forbes. Archived from the original on August 25, 2006.
 
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