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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Berkowitz’s thesis is straight forward: he, like other large holders (think John Paulson) see a bank generating between $45 and $50 billion a year in pre-tax, pre-provision income and believe those provisions will continue their slow, but steady decline, significantly enhancing the bank’s bottom line.
Forgive me for having flashbacks to the arduous and unsuccessful battle Air Products and Chemicals waged to acquire Airgas, but International Paper's unsolicited bid for Temple-Inland is bringing back some bad memories, and not just because it’s in an industry that does little to excite the imagination.