oh man. thanks OP for reminding me of this.

I was going to leave a comment here but I am going to make a post about it in stead.

TLDR:

CNBC is financial propaganda designed to further the interests of its owners.

The owners of CNBC is Wall Street, and what Wall Street wants is more money and power for themselves and less for everybody else.

Therefore, CNBC's purpose for existence is to help Wall Street get more money and power for themselves and less for everybody else.