Jake Novak joined CNBC in September, 2012 as the supervising producer of "The Kudlow Report." In 2015, he became the supervising producer of "Power Lunch." Prior to joining CNBC, Novak co-created and oversaw the "Varney and Company" program on FOX Business Network along with anchor Stuart Varney. He also spent seven years at CNN, producing financial news programs including launching the successful "In the Money" show with anchor Jack Cafferty. Novak has a bachelor's degree in political science from Columbia University and a masters degree from Northwestern's Medill School of Journalism.
Making money in volatile times.
Stocks may be close to a bottom and this catalyst will cease recession fears, according to Wells Capital's Jim Paulsen.
While the U.S. economy chugs along, the recovery from the recession remains among the weakest in the last six decades.
Gold surged more than 4 percent to its highest in a year as U.S. Treasury yields persuaded investors to seek refuge in the metal.