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.
John Stoltzfus, chief market strategist at Oppenheimer, told CNBC an improvement in earnings will power the move.
Puerto Rico faces two options to resolve its debt crisis, and both look difficult as a payment deadline looms, one expert said.
Don't panic about China
Shipwreck treasures hit the auction block