Fast Money aims to provide the information normally reserved for the Wall Street trading floor, empowering the individual investor to take control of their trading and investment future.
Melloy controls the editorial direction of the show each day with the goal of getting ahead of the news using the information provided by the panelists of traders. The show is supposed to be the complete post-market show, giving the viewer all the information they should have known about today and should know about tomorrow. If you don't hear about it on Fast first, it probably doesn't matter to the top traders on Wall Street.
In 2010, he lead the control room during the Emmy-nominated show "Investing in America: A CNBC Town Hall Event With President Obama."
Melloy writes the "Behind the Money" blog each day, which aims to uncover new trends ahead in investing, economics, technology and politics. His blog is often among the most-read articles on CNBC.com and have been featured as lead stories on news aggregators like "Yahoo Finance" and "The Drudge Report."
Prior to joining CNBC in 2006, Melloy was the team leader of U.S. Stock Market coverage for Bloomberg News. In that position, Melloy was lead editor on all stories about the stock market's daily movements, future investment strategy, trades by noteworthy investors, and market-moving upgrades and downgrades. The team of reporters under his direction also covered the U.S. stock exchanges.
Before becoming an editor and team leader for Bloomberg News, Melloy was a reporter covering the stock market and its participants. His articles appeared in various publications, including The New York Times and The Washington Post. He was a also a frequent on-air guest on Bloomberg TV and Bloomberg Radio.
Melloy began his news career as a producer for Bloomberg Television based at the New York Stock Exchange, where he covered the re-opening of The Big Board following 9/11.
Later, he would develop a segment for Bloomberg TV called "The Bloomberg Edge," which used sophisticated screening tools from the Bloomberg Terminal to provide investment ideas for viewers.
Melloy has a Bachelor's degree in Finance from Villanova University in Philadelphia and a Masters degree in Business from Fordham University in New York. While at Villanova, Melloy was the color commentator for the student-radio broadcasts of basketball and football games.
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It seems that when Washington has a job to do, it pays to bet against them doing it effectively by going long the universal shelter from the economic abyss...gold.
Who's going to pay back the TARP first? The first bank to do this will likely see its stock skyrocket.