An award-winning journalist and New York Times best-selling author, David Faber is a co-anchor of CNBC's "Squawk on the Street" (M-F: 9 a.m.-12 p.m. ET) and an anchor and co-producer of CNBC's acclaimed original documentaries and long-form programming.
During the day, Faber breaks news and provides in-depth analysis on a range of business topics during the "Faber Report." In his 20 years with CNBC, Faber has broken many big financial stories including the massive fraud at WorldCom, the bailout of the hedge fund Long Term Capital Management and Rupert Murdoch's unsolicited bid for Dow Jones.
Faber has reported nine documentaries for CNBC for which he has received Loeb, Emmy, Peabody and duPont awards.
His book, "The Faber Report," was published by Little, Brown in spring 2002; his second book, "And Then the Roof Caved In," was published in the summer of 2009 by John Wiley.
He holds a bachelor's degree in English from Tufts University.
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A phone hacking scandal continues to rock the house of Rupert Murdoch, sending shares of News Corp plummeting as well as those of its acquisition target BSkyB.
It looks like it may be a busy weekend for Williams Companies, its advisors and its board of directors as the company seems likely to move ahead with an offer to top Energy Transfer's latest $40-a-share offer for Southern Union, according to sources.
It may have been missed given the strong rally in equity prices last week, but certain asset classes within the credit markets had their own rally last week, and for some it was a big one. The ABX index, which tracks the performance of different vintages of mortgage backed securities and is widely used as a barometer for so called subprime mortgages, was up an astounding 20 percent last week, while junk bonds also rallied sharply