ENGLEWOOD CLIFFS, N.J., July 29, 2008-One year ago a crisis exploded that shook the markets, the economy and investors. Since then, it has claimed jobs, wealth, homes and even vast corporations once thought invulnerable. And, it isn't over yet. One year later, the question still remains-Is Your Money Safe?
Beginning tomorrow, Wednesday, July 30th through Tuesday, August 5th, CNBC, First in Business Worldwide, will broadcast a five-day CNBC Special event, "Is Your Money Safe? One Year Later," to mark the one-year anniversary of the meltdown in the credit market and CNBC's Jim Cramer's Rant Heard 'Round the World. The special coverage will lead up to the Federal Open Market Committee (FOMC) meeting on Tuesday, August 5th. Coverage will air throughout CNBC's Business Day programming and focus on topics including the state of the housing market, what the economy, markets and businesses have already been through and how much more is ahead as well as the role of the government.
Following is the schedule for CNBC's "Is Your Money Safe? One Year Later" special coverage:
Wednesday, July 30th:
- CNBC's Senior Economics Reporter, Steve Liesman, will highlight the life-altering events of late July/early August 2007 when we went from "goldilocks" to credit crisis and entered a whole new economic/market reality.
Thursday, July 31st:
- Beginning at 10AM ET on CNBC's "Squawk on the Street," Steve Liesman, will host a "White House Economic Summit" with Ed Lazear, Chairman of the Council of Economic Advisors; Keith Hennessy, Assistant to the President for Economic Policy and Director of the U.S. National Economic Council; and Jim Nussle, Director of the Office of Budget and Management.
- Beginning at 3PM ET on CNBC's "Closing Bell,"
Maria Bartiromowill sit down with Former Federal Reserve Chairman, Alan Greenspan.
Friday, August 1st:
- Special Edition of CNBC's "Street Signs" (2PM-3PM ET) to mark one-year after CNBC's Jim Cramer's infamous Fed rant. Throughout CNBC's Business Day Programming, Senior Correspondent Scott Cohn will cover the "rant heard 'round the world" and how Cramer's call to arms woke up America and pointed to the trouble ahead.
Monday, August 4th:
- CNBC will focus on the state of the real estate industry and profile the current realities of buying, lending and selling.
Tuesday, August 5th:
- CNBC will report on the Federal Open Market Committee (FOMC) meeting and rate decision and anticipate what's ahead and how much crunch is left in the credit crisis.
For more information log onto: www.cnbc.com.
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 http://www.cnbc.com.
Members of the media can receive more information about CNBC and its programming on the NBC Universal Media Village Web site at http://nbcumv.com/cnbc/.