Fast Money (CNBC)

Fast Money

Original logo (06/21/06 to 10/10/14)
Genre Stock trader talk show
Created by Dylan Ratigan and Susan Krakower[1][2]
Presented by Melissa Lee (host)
Karen Finerman
Pete Najarian
Guy Adami
Tim Seymour
Joe Terranova
Country of origin United States
Original language(s) English
Production
Location(s) NASDAQ MarketSite, New York City
Camera setup Multi-camera
Running time 60 minutes (30 minutes on Fridays since March 5, 2010)
Release
Original network CNBC
Picture format 4:3 (June 21, 2006-October 10, 2014)
16:9 (October 13, 2014-present)
Original release June 21, 2006 (2006-06-21) – present
Chronology
Related shows Mad Money, On the Money
External links
Website
CNBC's Fast Money panel until May 18, 2007: (from the left) Jeff Macke, Tim Strazzini, Dylan Ratigan, and Guy Adami (man with back to camera not identified).
CNBC's Fast Money panel on November 9, 2007: (from the left) Guy Adami, Dylan Ratigan, Karen Finerman, and Pete Najarian.

Fast Money is an American financial stock trading talk show that began airing on the CNBC cable/satellite TV channel on 2006-06-21. Beginning October 10, 2007, it was broadcast every weeknight at 5pm ET, one hour after the close of trading on the New York Stock Exchange, until mid-2011 when it was moved to just four nights per week, Monday through Thursday, to make room for special option and currency trading shows on Friday evenings.[3] On March 22, 2013, it returned to the Friday night slot as a half-hour show, followed by the Options Action half-hour show.[4] The show originates from the NASDAQ MarketSite in New York City.

Program format

Melissa Lee anchors a fast-paced discussion among four professional Wall Street traders. The group discusses various investment strategies, including technical analysis, and debate the merits of each other's arguments for or against a particular stock or sector. The show covers topics such as options trading, commodities, and exchange-traded funds.

Most episodes feature regularly appearing traders: Pete Najarian, Guy Adami, Karen Finerman, Tim Seymour, and Joe Terranova.

History

The success of Mad Money prompted CNBC to look to replicate that success with another show. Fast Money was created by Dylan Ratigan and Susan Krakower, Vice President of Strategic Programming and Development,[2][5] as a spin off from a weekly segment that first aired in the May 2006 episodes of On the Money. The show originally aired from CNBC headquarters in Englewood Cliffs, New Jersey, with Ratigan as host, and a regular panel of Jeff Macke, Guy Adami, Tim Strazzini, and Eric Bolling.[1] By January 8, 2007, it became a weekday show with its studio at the NASDAQ MarketSite.[5]

On Fridays, beginning with March 5, 2010, the show was truncated to just 30 minutes as Options Action (also hosted by Melissa Lee) was aired in the 5:30 ET timeslot. Both Fast Money and Options Action are broadcast from the NASDAQ MarketSite.

In mid-2011, Fast Money was removed from the Friday night line-up altogether to make room for Money in Motion: Currency Trading (also hosted by Melissa Lee) which airs in the 5:30 ET time slot, while Options Action was moved up a half-hour to 5 ET. On March 22, 2013, it returned to the Friday night lineup. The program airs the first half hour (5pm ET) followed by half hour of Options Action at 5:30pm ET. Money in Motion was removed from the CNBC lineup[4]

On October 13, 2014, Fast Money, along with CNBC's other business-day programs, were launched in full 1080i high-definition as part of a network-wide switch to a full 16:9 presentation.

Panelist changes

Strazzini was replaced by Najarian on May 18, 2007.[6] Bolling was replaced by Finerman on September 4, 2007. Seymour, who had appeared on the show as a substitute panelist, was made a regular in October 2008. After published rumors of conflict with Fast Money co-creator Susan Krakower,[2] Ratigan left the network on March 27, 2009 when his CNBC contract expired.[7] Ratigan was replaced by Lee, who sometimes filled in for Ratigan. Macke left CNBC on June 15, 2009[8]

Substitute hosts and panelists

Substitute hosts include Scott Wapner (host of the Fast Money Halftime Report), Becky Quick, and Michelle Caruso-Cabrera. Also, when a regular panelist is not available, substitute panelists are used in his place. Fill-ins include Pete's brother, Jon Najarian of optionMONSTER.com, Tim Seymour, founder of Seygem Asset Management, Carter Worth, chief market technician at Oppenheimer & Co., Joe Terranova, Chief Alternatives Strategist at Phoenix Investment Partners, Quint Tatro, Tatro Capital, Zachary Karabell, President of River Twice Research, Joe Kinahan, chief derivatives strategist at thinkorswim, Jared A. Levy, senior derivatives specialist at PEAK6 Investments and Brian Kelly.

Hosts

Current

Former

+ fill-ins

Panelists

Current

+ substitute

Former

Segments

The show has several distinct segments, including (but not limited to):

Programming and ratings

Fast Money's first 13 episodes (including one live audience broadcast) aired during the summer of 2006 in the Wednesday 8pm ET timeslot. Ratings were relatively low, with the program averaging a bit over 110,000 viewers per week. During the week of 2006-09-18, the program tried a new timeslot at 5pm ET, the plush timeslot with highly rated Closing Bell serving as the lead-out (bumping Kudlow & Company to 8pm for the week). Here the show flourished, nearly doubling its viewership average to 211,000 viewers (on-par with what K&C normally gets). The 5pm ET timeslot, while successful, bumped Kudlow & Company to 8pm. This brought the show's ratings down substantially compared to where they were before the temporary move. After its successful 5pm test run during the week of 2006-09-18, CNBC retried the program again at 8pm the week after. CNBC had hoped it may have gained some traction after the increased viewership from the week prior. The show did not. Ratings were roughly on-par with the summer 2006 airings.

Production

Fast Money is recorded at the Times Square New York, New York, street-level studios of the NASDAQ by CNBC, a national cable television network owned by NBC Universal/Comcast.

The show is recorded weekdays for air at 5 p.m. (ET). As the show is being ingested digitally in the Thomson Grass Valley MAN, the show is assembled by the editor and producer to be made into the first-run air product viewers watch Monday through Thursday at 5 p.m. (ET).

As of January 2009, among the many contributors are producer Jason Farkas, and tape producers Heather Wilcox and Boaz Halaban, responsible for creating and delivering the final show to air, after creating special Avid Adrenaline edited elements by CNBC Staff Avid Editors such as Conrad deVroeg, Gary Princz, Diana Constantino, and Dave Lettieri, and constructing the show with CNBC Staff Grass Valley NewsEdit Editors Rich Uliasz, Cosimo Camporeale, Carolyn Shivey, Vanessa DiPietro, Keri Conjura, Diana Acosta, and Kelly Frisco.

Special editions

Dow drops 416

On 2007-02-27, a special edition of Fast Money, which covered that day's 416-point plunge on the Dow Jones Industrial Average, aired. It was rebroadcast at 1am ET, pre-empting that night's scheduled airing of The Big Idea with Donny Deutsch.

Wall Street's Worst Week since September 2002

On 2007-03-02, another special edition of Fast Money aired. This time, it was a look back at Wall Street's worst week in nearly 4½ years. Erin Burnett was the guest moderator of that episode (Dylan Ratigan was on assignment in Washington, DC when it aired).

Fast Money: Live from Silicon Valley

On 2007-10-19, Fast Money was broadcast live from the Computer History Museum in Mountain View, CA.[9] This special edition also covered that day's 367-point plunge on the Dow, which coincidentally, occurred 20 years to the day it lost 508 points, or 22.6% of its value on Black Monday.

Fast Money 1st Anniversary

The Fast Money 1st Anniversary special was broadcast on 2008-01-15. This special edition showed memorable clips from its first year on the air from the NASDAQ (where Fast Money re-debuted on 2007-01-08), and also covered that day's 277-point plunge on the Dow. Michael Eisner, former Disney CEO and current host of his own CNBC show, Conversations with Michael Eisner, made a special guest appearance on this program.

Fast Money: Miami Advice

On 2008-02-29, Fast Money was broadcast live from Coral Gables, FL (a suburb of Miami). This special edition also covered that day's 315-point plunge on the Dow. Jack Welch, former Chairman and CEO of General Electric (the parent company of CNBC) and retiring NBA star Alonzo Mourning made special guest appearances on this program, which was also the first Fast Money to be filmed outdoors.

Fast Money: Trading Chicago Hope

The third Fast Money road show was broadcast live from the Cadillac Palace Theatre in Chicago on 2008-05-16. Making special guest appearances in this edition were CME Chairman Terry Duffy, personal finance guru Suze Orman (host of CNBC's The Suze Orman Show) and Playboy Enterprises CEO Christie Hefner.

Fast Money Now

These special half-hour editions of Fast Money were aired at 1pm ET during the 2008 Summer Olympics over two weeks, from 2008-08-11 to 2008-08-22. Due to CNBC's Olympics coverage, Fast Money Now (1pm ET) and Mad Money at the Half (1:30pm ET) were shown in place of the second hour of Power Lunch, while the hour-long editions of Fast Money (seen on a same-day tape delay) aired at 9pm ET.

Fast Money: Future of Wall Street

This special edition of Fast Money, which was broadcast from New York 2008-09-19 in front of a live audience, featured a guest appearance from activist investor Carl Icahn. This show was filmed in the Jazz at Lincoln Center—Allen Room. This show also covered that day's 369-point gain on the Dow.

Fast Money: Washington - The Way Forward

This edition of the Fast Money road show was broadcast live from the DAR Constitution Hall in Washington, D.C. on 2008-11-07. Guests included Keith Hennessey, assistant to the President for economic policy and Richard Brown, Federal Deposit Insurance Corporation chief economist. The panel included five members with Tim Seymour joining the regular crew.

Fast Money MBA Challenge

Students from the top business schools across America competed in the Fast Money MBA Challenge, which was also hosted by Dylan Ratigan. The shows were recorded at CNBC Global Headquarters in Englewood Cliffs, NJ on 2007-07-14 and 2007-07-15. Fast Money MBA Challenge aired on 2007-08-01, 2007-08-08, 2007-08-15, and 2007-08-22, and were repeated on the following Sunday at 9PM and 12AM Eastern Time from 2007-08-05 through 2007-08-26.

Participating schools:

The championship final of the Fast Money MBA Challenge was broadcast live from outside the NASDAQ Marketsite in New York City on 2007-08-22. In that championship final, Yale faced Texas for the $200,000 prize. After six weeks, the $200,000 prize was won by Yale.

Worldwide simulcast

Fast Money is currently only seen on CNBC Europe on a delayed basis between October and March. The channel instead airs broadcasts of CNBC documentaries in the timeslot when the programme is broadcast live. However, this program is seen on CNBC Asia Tuesdays to Saturdays 5AM SIN/HK/TWN Time LIVE during the Daylight Saving Time period in the U.S. Without DST, CNBC Asia only broadcasts "LIVE" Friday (US time) edition of Fast Money on Saturdays morning at 6am SIN/HK/TWN time, and rerun version of Mondays to Thursdays US time editions are aired from Tuesdays to Fridays at 12pm SIN/HK/TWN time.

Fast Money Halftime Report

Fast Money Halftime Report is an American financial stock trading talk show that airs from noon-1 ET on CNBC. This show, which follows the same format as the 5pm show, debuted July 7, 2010. It spun off from a segment on Power Lunch, which itself moved to 1 ET from noon ET on July 7, 2010 and had its runtime cut in half from 2 hours to 1 hour. Unlike Fast Money, this halftime market show is hosted by Scott Wapner, and is broadcast live from CNBC Global Headquarters in Englewood Cliffs, NJ.

Originally aired as a half-hour show, the Fast Money Halftime Report doubled its runtime from 30 minutes to 60 minutes on October 17, 2011 and also moved up to the noon ET timeslot. The newly expanded hour-long show replaced The Strategy Session, which was cancelled October 14, 2011 as a result of very low ratings.

See also

References

  1. 1 2 Jensen, Elizabeth (2006-10-02). "The Brashness Is Back in Money Talk, and Also at CNBC". The New York Times. Retrieved 2007-03-16.
  2. 1 2 3 "Fast Flare-up Rattles CNBC". Page Six. New York Post. March 27, 2009. Retrieved 2009-07-16. There was high drama at CNBC yesterday as "Fast Money" anchor Dylan Ratigan quit — sources say today will be his last day on-air — and an insider is blaming his battles with network big Susan Krakower. Krakower — the VP for strategic programming and development who co-created Fast Money with Ratigan — "is partially responsible for this."
  3. ↑ Programming Changes At CNBC a September 27, 2007 article from Mediabistro.com
  4. 1 2 "CNBC Schedule Change for Fridays". CNBC.
  5. 1 2 ""Fast Money" To Join Primetime Lineup Monday, January 8th at 8pm" (Press release). CNBC. 2007-01-03. Retrieved 2007-03-16.
  6. ↑ New Panelist On Fast Money from Mediabistro.com
  7. ↑ Three months later Ratigan appeared as the host of Morning Meeting, a new mid-day show on CNBC's sister network MSNBC.
  8. ↑ Jeff Macke Officially Out at CNBC, a June 15, 2009 article from Mediabistro.com
  9. ↑

External links

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