ENGLEWOOD CLIFFS, N.J., January 3, 2007---After six months as a weekly program, CNBC's "Fast Money" will join the network's primetime lineup beginning Monday, Jan. 8th, airing Monday-Friday at 8 PM ET and broadcasting from the NASDAQ Stock Market's street level MarketSite studio in New York's Times Square.
"Fast Money," anchored by CNBC's Dylan Ratigan, is a rapid-paced, highly charged hour where four of Wall Street's best traders debate and discuss the hot trades of the day. "Fast Money" is the only financial news program that converts news of the day into daily trading opportunities. Each program begins with Ratigan asking, "Where's the money? What's the trade? What's your move?"
Ratigan, who also co-anchors CNBC's "Closing Bell" at 3 PM ET from the New York Stock Exchange, leads informative discussions on the trades of the day with four Wall Street traders: Guy Adami, an executive director at CIBC World Markets; Eric Bolling, a trader on the New York Mercantile Exchange; Jeff Macke, founder and president of Macke Asset Management; and Tim Strazzini, a managing director at Pali Capital Inc.
"Fast Money" will feature the latest in technology, including NASDAQ's 96 cube video wall, so CNBC viewers can communicate with the one-hour program in new ways. Instead of taking traditional phone calls or even emails, "Fast Money" will have callers seen on their home or office web cams when asking questions. Viewers can also text message during the broadcast to create a continuous dialogue with the traders of "Fast Money."
"Just as athletes are interviewed right after a game and discuss what they did and why, these Wall Street professionals come to the set of 'Fast Money' after spending their day trading and share their insights and strategy," said Mark Hoffman, President, CNBC.
"Fast Money" began on CNBC on June 21, 2006 as an occasional series and was co-created, with Ratigan, by Susan Krakower, CNBC Vice President, Strategic Planning and Development, who also co-created CNBC's hit "Mad Money w/Jim Cramer."
Since its launch last June, "Fast Money" has averaged 113,000 viewers. On Sept. 21, 2006, it averaged 95,000 viewers in the 25-54 demo and was the highest rated program on CNBC. It is important to note, however, that Nielsen Media Research does not accurately measure CNBC's viewership as Nielsen's audience universe is limited to "in-home" measurement and does not include "out-of-home" viewing in places like offices, restaurants, health clubs, hotel rooms and vacation homes where CNBC has significant viewership.
Since the launch of "Fast Money," CNBC has received an overwhelming amount of positive email for the program to be on the network's daily schedule and even some complaints from fans when it was preempted.
Beginning Jan. 8, the new evening lineup on CNBC, First in Business Worldwide, is:
6 PM: "Mad Money w/Jim Cramer"
7 PM: "On the Money"
8 PM: "Fast Money"
9 PM: CNBC Checkerboard, including documentaries, "CNBC Prime" and rebroadcasts of NBC's "The Apprentice" (its new season premieres on NBC on January 7th), "Deal or No Deal" and "1 vs. 100"
10 PM: "The Big Idea with Donny Deutsch"
11 PM: "Mad Money w/Jim Cramer" (rebroadcast of 6 PM program)
Midnight: CNBC Checkerboard (rebroadcast of 9 PM) All times are ET.
Bios of "Fast Money" talent are below:
A veteran business journalist, Dylan Ratigan served as a Global Managing Editor at Bloomberg News until March 2003 when he joined CNBC. At Bloomberg, he supervised more than 110 reporters worldwide covering investment and commercial banking, insurance, hedge funds, private equity, capital markets, securities trading and underwriting.
Additionally, he co-created and hosted "Morning Call" on Bloomberg and the USA Network and in the process conducted countless interviews around the world with notable business and political leaders.
Before moving to television, Ratigan wrote for Bloomberg News. He created the mergers and acquisitions beat and established Bloomberg News' capital markets and equity derivative coverage.
Ratigan has also worked as a contributor to ABC News and has published articles in newspapers and magazines including the New York Times, the Washington Post, Miami Herald and the Chicago Tribune. He began his career at The Portsmouth Herald in Portsmouth, New Hampshire.
Ratigan speaks regularly at major events such as the World Economic Forum in Davos, Switzerland. He has won numerous awards including the prestigious Gerald Loeb Award for CNBC's coverage of the Enron scandal in 2004.
Ratigan holds a Bachelor of Arts in political economics from Union College.
Guy Adami is an executive director at CIBC World Markets in its U.S. Equities department. He has also held positions at Goldman Sachs, Drexel Burnham Lambert and AIG International.
Eric Bolling is a 20-year veteran of the trading pits who left a Duke University Fellowship after being drafted by the Pittsburgh Pirates where he played several seasons. Bolling trades more than $300 million a day at the New York Mercantile Exchange. He currently owns a company that specializes in trading both open outcry and electronic derivatives contracts.
Jeff Macke is a founder and president of Macke Asset Management (MAM) and has been a professional investor for the last 10 years, running a successful hedge fund from 1999-2004. He is currently a contributing editor at financial website Minyanville.com.
Tim Strazzini is a managing director at Pali Capital Inc. Previously, Strazzini was an independent trader of equity options and futures. Prior to investing his own money, Strazzini was a managing director at Merrill Lynch where he headed the Wealth Management Equity trading business. Strazzini formerly worked in options arbitrage at Susquehanna Investment Group.
CNBC is the recognized world leader in business news, providing real-time financial market coverage and business information to more than 340 million homes worldwide, including more than 95 million households in the United States and Canada. The network's Business Day programming (weekdays from 5:00 a.m.- 7:00 p.m. ET) is produced at CNBC's headquarters in Englewood Cliffs, N.J., and also includes reports from CNBC news bureaus worldwide. Additionally, CNBC viewers can manage their individual investment portfolios and gain additional in-depth information from on-air reports by accessing the new CNBC.com, where they can also see hundreds of videos and original programming produced exclusively for the web site.
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