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The Fortune Tellers - Abridged

Inside Wall Street's Game of Money, Media, and Manipulation

by Howard Kurtz

Narrator Howard Kurtz

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Length 3 hours 55 minutes

Language English

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Summary
About the author
About the narrator

Just as "spin" has taken over politics in America, so too has it come to define the long bull market on Wall Street. The booming trade in stocks has produced an insatiable demand for financial intelligence. On television and the Internet, commentators and analysts are not merely reporting the news, they are making news in ways that provide huge windfalls for some investors and crushing losses for others. And they often traffic in rumor, speculation, and misinformation that hit the market at warp speed.
New York Times bestselling author Howard Kurtz turns his skeptical eye on the business-media revolution that has transformed the American economy. He uncovers the backstage pressures at television shows like CNBC's Squawk Box and CNN's Moneyline and at Internet start-ups like TheStreet.com and JagNotes, real-time operations in the very arena where fortunes are made and lost with stunning swiftness.
No one has ever reported from inside the Wall Street media machine or laid bare the bitter feuds, cozy friendships, and whispered leaks that move the markets. In a time of head-spinning volatility, The Fortune Tellers is essential audio listening for all of us who gamble our savings in today's overheated stock market.

Business Nonfiction Social Science

Howard Kurtz is the media reporter for The Washington Post, and also writes a weekly column for the newspaper and a daily blog for its website. He is also host of CNN's Reliable Sources, the longest-running media criticism show on television. His previous books include New York Times bestselling Spin Cycle: Inside the Clinton Propaganda Machine (1998) and The Fortune Tellers: Inside Wall Street's Game of Money, Media, and Manipulation (2000). His book Hot Air: All Talk All the Time (1996) was named by Business Week as one of the ten best business books of the year and Media Circus: The Trouble with America's Newspapers (1993) was chosen as the best recent book about the news media by American Journalism Review. Kurtz joined The Washington Post in 1981, and his work has appeared in Vanity Fair, Newsweek, New York, and other national magazines. He lives with his family in Chevy Chase, Maryland.