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).
The Dow and the S&P 500 are both coming off record closes, after a session that saw the Dow break 15,000 for the first time while the S&P 500 was making its first foray over 1,600. The Nasdaq Composite is coming off its highest close since November 7, 2000, but still sits 33 percent below its record close from March, 2000.
After a strong third quarter, economists are ratcheting up fourth-quarter growth forecasts but to a somewhat slower pace.
Year-end buying could push the Dow to 18,000, a psychological level that could give any Santa rally more steam.
OPEC talked down the oil market, sending crude sharply lower, while warm weather and growing supply hit nat gas prices.
As the Santa rally lifts stocks higher, Wall Street's expectations for 2015 gains have gotten slimmer.
Patti Domm is CNBC Executive Editor, News, responsible for news coverage of the markets and economy.
A CNBC reporter since 1990, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.
CNBC's Senior Personal Finance Correspondent
JeeYeon Park is a writer for CNBC.com. Follow her on Twitter: @JeeYeonParkCNBC
Rick Santelli joined CNBC Business News as an on-air editor in 1999, reporting live from the floor of the Chicago Board of Trade.
Senior Producer at CNBC's Breaking News Desk.