Maria Bartiromo

Maria Sara Bartiromo[1] (born September 11, 1967) is an American financial journalist, television personality, news anchor, and author. She is the host of Mornings with Maria and Maria Bartiromo's Wall Street on the Fox Business channel, as well as Sunday Morning Futures With Maria Bartiromo.

Maria Bartiromo
Bartiromo in 2015
Born
Maria Sara Bartiromo

(1967-09-11) September 11, 1967
New York City, U.S.
NationalityAmerican
Alma materNew York University (BA)
OccupationFinancial journalist, television personality, columnist, news anchor
Years active1988–present
EmployerFox Corporation
Spouse(s)
Jonathan Steinberg
​
(m. 1999)​
Websitebartiromo.com

She worked at CNN as a producer for five years before joining CNBC in 1993, where she worked on-air for 20 years. At CNBC, she was the host of Closing Bell and On the Money with Maria Bartiromo. She was the first television journalist to deliver live reports from the floor of the New York Stock Exchange. She has won a number of awards for her work on these programs, including a pair of Emmy Awards. Nicknamed the "Money Honey", she garnered considerable attention within the financial industry as well as in the general 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 Corporation channels.[2] During the presidency of Donald Trump, she became a strong advocate of the Trump administration, as she gave Trump frequent unchallenging interviews, and amplified Trump administration falsehoods and conspiracy theories.[3][4][5][6][7] Her Fox Business program was one of several programs that ran on-air corrections after pushing false claims about fraud in the 2020 presidential election.[8] The abrupt change in the content and focus of her work compared to that of the bulk of her career caused many media observers to wonder what what was behind the change.[4][6][9][10]

Early life and education

Bartiromo was born to Italian-American parents Vincent and Josephine Bartiromo, and was raised in the Dyker Heights area of the Bay Ridge section of Brooklyn in New York City.[3][11][12][9] Her father was the owner of the Rex Manor restaurant in Brooklyn and her mother served as the hostess seating guests. Her mother also worked as a clerk at an off-track betting parlor.[13][14] Her mother’s family was from Agrigento, Sicily and arrived in the U.S. in 1898. Her grandfather, Carmine Bartiromo, arrived in New York from Nocera in Campania in 1933 and served in the U.S. armed forces.[15]

Bartiromo attended Fontbonne Hall Academy, an all-girls private Catholic school in Bay Ridge.[16] She worked at the same time as a coat check person in her father's restaurant and as a stock clerk at Kleinfeld's wedding dress shop.[13] 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."[13]

Bartiromo started college at C. W. Post, before transferring to New York University.[9] During her college years she worked at the same betting parlor where her mother worked.[17] She graduated from NYU's Washington Square Campus in 1989,[18] with a Bachelor of Arts in journalism and economics.[19]

While at NYU she began with radio, and got an internship with talk host Barry Farber's show on WMCA 570 in New York after Farber visited a class she was in.[20][21] Farber was impressed by her willingness and capability in doing behind-the-scenes tasks associated with the role.[22][21] Following that, she interned at CNN.[13]

Career

CNN
Bartiromo at the World Economic Forum annual meeting in Davos in 2008

After her internship, which began in 1988/89, Bartiromo spent five years as an executive producer and assignment editor with CNN Business.[23] Her supervisor at CNN was Lou Dobbs, who later became a colleague at Fox Business News.[13][3] She also worked as a production assistant for Stuart Varney there.[24] While working at CNN, her goal was to be in front of the camera.[13]

CNBC
Bartiromo interviewing Mark Hurd in 2013

Bartiromo put together an audition tape to apply for an on-screen job at CNBC.[13] In 1993, she was hired by executive Roger Ailes[3] 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.[13][19] Bartiromo became the first journalist to deliver live television reports from the raucous floor of New York Stock Exchange.[13] 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 often jostled by burly traders."[25] 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."[17]

Bartiromo was the anchor and managing editor of the CNBC business interview show On the Money with Maria Bartiromo[19] (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 ability to get CEOs of companies in the news to come on her show for an interview.[9] She became influential, with one newspaper writing that she "has uncommon access and an unusual power to move markets."[25]

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 The Colbert Report, as well as guest-hosting on Live with Regis and Kelly.[26]

Peter Löscher, President and CEO of Siemens, with Maria Bartiromo at the FT CNBC Davos Nightcap, 26 January 2012
SEC Chair Mary Schapiro, Congressional Oversight Panel Chair Elizabeth Warren, Treasury Secretary Tim Geithner, Chair of the Council of Economic Advisers Christina Romer, Federal Deposit Insurance Corporation Chairman Sheila Bair, and Maria Bartiromo of CNBC at the Women in Finance Symposium, 29 March 2010

Bartiromo's physical appearance has been likened to that of the Italian actress Sophia Loren,[22][25][21] which is a comparison that even she has acknowledged.[27] She 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.[23][28] 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.[29][30] By some accounts she later let the trade marks expire.[28]

Bartiromo anchored the television coverage of New York City's Columbus Day parade beginning in 1995 and was the Grand Marshal in 2010.[31]

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.[21][22][9] In part, that was part and parcel of her role to add "pizazz and drama".[22] As The New York Times newspaper 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."[22] CNBC defended her on the matter, saying that trips in question were properly approved at that "her journalistic integrity was never compromised",[21] and Bartiromo retained the confidence of NBC upper management.[9]

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."[32]

Bartiromo signed a new five-year contract with CNBC in late 2008.[33] Her salary there was around $4 million a year.[9] Former colleague Dylan Ratigan has said that Bartiromo "is a generational icon for financial television. Full stop."[9]

Fox Business and Fox News
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).[34] 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.[34] Her first show with Fox Business was Opening Bell with Maria Bartiromo. But on her Fox shows she expanded the subject domains she was covering, to include not just the stock market but also larger questions of public policy and the overall economy.[27]

Five years after joining the fledgling network, both her shows and the channel itself was surpassing CNBC some of the time.[35] In September 2019, she signed a new multi-year deal with FBN.[36] That year, TheStreet.com reported that Bartiromo had an annual salary of $10 million, seventh highest among American television news anchors of any kind.[37]

During January 2021, Fox News gave Bartiromo a trial run to head one of Fox News' primetime slots, the new weekday 7pm Fox News Primetime political opinions show.[8] [38] Her guest hosting stint began with the specific date of the week of January 25, 2021.[39]

Donald Trump presidency

In the beginning of her time with Fox Business Channel the ratings for her show were lackluster.[10] However, the developments of the 2016 Republican presidential nomination race benefited her, as she developed an on-air relationship with Trump.[10] Nonetheless her analysis of the 2016 presidential general election was largely neutral.[27] In fact the most attention she received during it was for her sartorial choices for the traditional Al Smith Dinner.[27]

However, beginning in 2017 with the Presidency of Donald Trump, she became an advocate for the Trump administration and frequently repeated administration talking points.[9] She gave Trump frequent softball interviews and amplified Trump administration falsehoods and conspiracy theories.[3][4][8]

Her interviews with President Donald Trump have been characterized as friendly and non-confrontational.[40][41][42][43] In her Trump interviews, she expressed agreement with and did not question Trump's claims, many of which have been debunked as false or unsubstantiated.[42][40][44][43] Making reference to allegations that Trump’s predecessor, Barack Obama, used the U.S. intelligence community to spy on the Trump administration, Bartiromo said that 2016 requests by Obama administration officials to unmask the identity of an American who was the subject of a counterintelligence operation (which turned out to be Trump associate Michael Flynn) was "the biggest political scandal we’ve ever seen."[45] Attorney general Bill Barr named federal prosecutor John Bash to lead an investigation, which concluded months later with no findings of substantive wrongdoing and no public report.[46]

In late November 2020 after the 2020 United States presidential election, Bartiromo conducted Trump's first post-election interview to discuss the attempts to overturn the 2020 United States presidential election. In what The Washington Post described as Trump's "nearly uninterrupted monologue propelled by the president’s baseless claims" of election fraud,[6] Bartimoro backed him up, saying "This is disgusting and we cannot allow America's election to be corrupted."[3] She claimed, that Trump was being overthrown in a "coup".[3] Bartiromo was criticized for not challenging Trump claims and for signaling her belief in his allegations.[47][3] Not once during a 45-minute interview did she ask him to substantiate his claims of fraud; rather, she backed his claims.[3][6] Brian Stelter of CNN recalled the "Maria Bartiromo [who was] once a feared and acclaimed journalist, best known for working the floor of the New York Stock Exchange, forcing CEOs to tell the truth."[5] Trump praised Bartiromo as being "brave" for her approach to discussing the disputes.[3] Bartiromo then defended herself by claiming that much of the media, such as CNN and The New York Times, was taking a side and was engaging in "election interference".[48]

Bartiromo was an outspoken proponent on her program of baseless allegations that voting machines stole the election from Donald Trump. Hosts Lou Dobbs and Jeanine Pirro also promoted falsehoods on their programs. Attorneys for Smartmatic, a voting machine company that had been baselessly accused of conspiring with competitor Dominion Voting Systems to rig the election, sent Fox News a letter in December 2020 threatening legal action and demanding retractions that "must be published on multiple occasions" so as to "match the attention and audience targeted with the original defamatory publications." The three programs each ran the same three-minute video segment refuting the baseless allegations days later, though none of the three hosts personally issued retractions.[49][50]

In January 2021, after the storming of the U.S. Capitol that was carried out by a mob of supporters of Trump in an attempt to overturn his defeat in the 2020 presidential election, Bartiromo hosted Trump advisor Peter Navarro on her show, where he falsely claimed in the interview that Trump had won the election. Bartiromo concurred, falsely claiming, "We know that there were irregularities in this election."[51][52] In a broadcast on January 19, she falsely claimed that Democrats wore MAGA clothing and were behind the storming of the Capitol.[53][54]

During the month, Fox News gave Bartiromo a trial run to head one of Fox News' primetime slots.[8]

In February 2021 Bartiromo was one of several defendants in a $2.7 billion defamation lawsuit filed by electronic voting systems manufacturer Smartmatic.[55]

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). It appeared on The New York Times Best Seller List, and additively on similar lists in The Wall Street Journal and USA Today.

Her next two books were The 10 Laws of Enduring Success (Crown Business, 2010) and The Weekend That Changed Wall Street (Portfolio Hardcover, 2011).[56] 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).[57]

Bartiromo writes a monthly column for USA Today called "One-On-One".[26][58] She has also written weekly or monthly columns for publications including Business Week, Milano Finanza, Individual Investor, Ticker, and Reader’s Digest.[59]

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);[60] and two Emmy Awards, an Emmy Award for Outstanding Coverage of a Breaking News Story (2008)[61] and an Emmy Award for Outstanding Business and Economic Reporting (2009).[62]

In 2009, Financial Times listed Bartiromo as one of “50 Faces That Shaped the Decade".[63] In 2011, she was the third journalist to be inducted into the Cable Hall of Fame.[19][64]

In 2016, she was inducted into the Library of American Broadcasting.[63] In 2019 she received a Lifetime Achievement Award from the National Italian American Foundation.[63] In 2020 she received the Thomas L. Philips Career Achievement Award from the Fund for American Studies.[65] That November, she received the Barbara K. Olson Woman of Valor Award from the Independent Women's Forum.[66] On April 6, 2020, she was named a Business News Visionary by her fellow business and financial journalists.[67]

The Maria Bartiromo Broadcast Journalism Studio at Fontbonne Hall Academy, the high school she attended, is named after her.[16] She was the keynote speaker for Fontbonne's 80th anniversary gala in 2018.[16]

Bartiromo is on board of trustees of New York University, her alma mater.[9] She gave the commencement speech at the NYU Stern School of Business in 2012.[9] She has also taught there, acting as an adjunct professor at the Stern School from 2010 to 2013.[59] The seminar that she co-taught in fall 2010, titled "Global Markets and Normative Frameworks", filled its registration in 10 minutes.[68]

She has also been on the board of trustees for the New York City Ballet.[22] She is a member of the Council on Foreign Relations and of the Economic Club of New York.[69] She has been on the board also for the Girl Scout Council of Greater New York and also on that of Public Education Needs Civic Involvement and Leadership (PENCIL) in New York and overseas the Board of the Young Global Leaders of the World Economic Forum.[69] She is a member of the Board of Governors of the Columbus Citizens Foundation, and in 2010 was the Grand Marshall of the Columbus Day Parade.[70][69]

Personal life

In 1999, Bartiromo married Jonathan Steinberg, chief executive officer of WisdomTree Investments, and son of billionaire financier Saul Steinberg.[3][14][71] She had first met him in 1990, soon after she graduated college.[22] They own a beach house in the hamlet of Westhampton, New York.[13] They have also lived in a five story townhouse on Manhattan's Upper East Side.[17]

Maria Bartiromo appeared as herself in the films Risk/Reward, the 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.[32] He subsequently wrote a song titled "Maria Bartiromo" that appeared on his solo album Don't Worry About Me, released posthumously in 2002.[25]

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