Peter Schacknow has served as Senior Producer at CNBC's Breaking News Desk since March 2006, producing breaking news stories and serving as copy editor for CNBC's flagship morning show, "Squawk Box." Prior to that, Schacknow spent seven years as morning anchor and reporter at Bloomberg Radio, specializing in business news and financial market coverage. In addition to anchoring, he covered a wide variety of events from the field, including the annual meeting of Warren Buffett's Berkshire Hathaway in Omaha and the Business Council CEO Conference in Florida. While at Bloomberg, Schacknow was nominated as Best Business Anchor by the New York Air Awards, and won an award from the NYS Society of CPAs for his "Tax Smart Now" series. This marks Schacknow's second stint at CNBC: he was a founding employee back in 1989, eventually rising to Supervising Producer before moving in 1994 to the CNBC Dow Jones Business Video operation as an on-air reporter. His experience also includes time at the CBS, ABC, and UPI Radio Networks, as well as radio stations WOR (New York), WGSM and WLIR (Long Island), and WVBR-FM and WTKO (Ithaca, N.Y).
Market Insider with Patti Domm
Peter Schacknow
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They call it “news” because it’s the plural of “new.” (That fact actually turned up as a question in the original version of Trivial Pursuit.) Having said that, I love it when a piece of news comes out and I can say, “Yeah, we already knew that.” That happens once or twice a day at minimum, but it seems like the “already knew that” stories were flowing fast and furious today...
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Yes, Alan Greenspan is no longer Federal Reserve board chairman, but for those who work in business news, a Greenspan speech draws the same reaction as the doctor hitting you on the knee with the reflex hammer: you jump. His influence was seen again today...
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As a veteran of more than 25 years of writing and broadcasting business stories, I can say this without hesitation: Most stories about hedge funds make the eyes of real people glaze over. That’s not to say hedge funds aren’t a significant part of the financial world... It’s just that the degree of difficulty in writing a hedge fund story for air is on the high side. Today’s hedge fund story, though, was an exception -- thanks to the Chicago Cubs.
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After weeks of seeing various market indexes set records, it’s not unusual to see my magic market spreadsheet “go green” -- an expression coined, because when an index or stock exceeds some prior high, the spreadsheet is rigged to display “new record” in green. However, Google’s move to a record high today was unusual...
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If I were to write a job description for the Breaking News desk producer, it would have to include this phrase: “Must love numbers.” ... One number had immediate impact: Toyota’s total U.S. sales number for May. Toyota sold 269,023 cars and trucks during the month, a 9.7% increase. But there was a story beyond that...
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I’m always impressed at how often people like CNBC’s David Faber or our partners at The Wall Street Journal manage to break a story about a big takeover deal before it’s announced -- so many times that I’ve lost count. That’s probably a tribute not only to skilled reporters, but also to how hard it is to keep a secret on Wall Street...
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We pride ourselves in being able to pick out the news when presented with “raw data” -- be it a live speech, event, interview, or enterprise story. I do have to admit, however, there is one form of “raw” news that I find a bit intimidating: the legal document. ... And: We’re still abuzz today over the market’s Wednesday tanking at the hands of former Fed chairman Alan Greenspan. Our show producers often ask me why the markets made a sudden move, but yesterday’s drop from early gains was downright baffling at first...
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One of the more fascinating stories of recent years came to a close today, when a former Coca-Cola secretary was sentenced to eight years for trying to steal Coke trade secrets. Joya Williams attempted to sell those secrets to rival PepsiCo for $1.5 million dollars, but was foiled when some very ethical Pepsi employees called Coke to let them in on the scheme. ... Also: Procter & Gamble thinks there might be an opportunity in flavored water -- that comes out of your tap.
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As Tom Petty once sang, the waiting is the hardest part -- especially concerning a scheduled or imminent breaking news event. (You can never go wrong quoting Tom Petty.) We had several perfect examples of this Thursday, starting with the joint news conference held by President George W. Bush and outgoing British Prime Minister Tony Blair. ... Fed Chairman Ben Bernanke won today’s promptness award -- but we may have to take it from him on a technicality...
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Our stocks editor, Bob O’Brien, refers to me as The King Of All That Is Trivial, and he’s right on. I love trivia, and when it’s relevant to one of our stories, so much the better. ... An item from SunTrust Banks caught my eye this morning: it’s sold 4.5 million shares of The Coca-Cola Co. SunTrust is the second largest institutional shareholder of Coca-Cola behind Warren Buffett’s Berkshire Hathaway. And not only that, it’s had Coca-Cola shares since 1919. And not only that...
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Traders chase both sides of Fed debate. Is this a signature day for the markets?
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Stocks and bonds initially soared as Ben Bernanke discussed how the Fed might wind down its easing policy but later sold off.
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Traders overreact to Ben Bernanke, who essentially reiterated what New York's Fed president said Tuesday.
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Santelli joined CNBC Business News as an on-air editor in 1999, reporting live from the floor of the Chicago Board of Trade.
