Fast Money (CNBC)
From Wikipedia, the free encyclopedia
| Fast Money | |
|---|---|
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| Genre | talk show, investment / trading |
| Presented by | Dylan Ratigan (host) Karen Finerman Jeff Macke Pete Najarian Guy Adami |
| Country of origin |  United States |
| Language(s) | English |
| Production | |
| Location(s) | NASDAQ MarketSite, New York City |
| Running time | 60 minutes |
| Broadcast | |
| Original channel | CNBC |
| Original run | June 21, 2006 – present |
| Chronology | |
| Followed by | incumbent |
| External links | |
| IMDb profile | |
Fast Money is an American financial investing television program hosted by Dylan Ratigan that began airing on the CNBC cable/satellite TV channel on 2006-06-21. Originally airing as a weekly (and later, a periodical) series, this program spun off from a weekly segment that first aired in the May 2006 episodes of On the Money, which Ratigan previously hosted until 2007-01-08 (coincidentally the same night Fast Money re-debuted as a nightly series), when Melissa Francis took over the hosting duties for OTM.
Fast Money is broadcast every weeknight at 5pm and 8pm ET on CNBC from the NASDAQ MarketSite in New York City. Though the show was originally taped live, it was taped earlier in the day (similar to Jim Cramer's Mad Money program), until 2007-10-10. [1] See "Programming and Ratings" section below for more.
After the success of Mad Money, CNBC looked to replicate that success with another program with a similar format. The program was created by Susan Krakower, V.P. of Strategic Programming & Development, and producer Dan Hoffman, the same individuals responsible for the development of Mad Money. Original music for Fast Money was composed and performed by Willie Wilcox of Willie Wilcox Music.
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[edit] Program format
The program is "moderated" by Dylan Ratigan ("The Commissioner") and he is joined by 4 professional Wall Street traders: Jeff Macke, Pete Najarian, Guy Adami, and Karen Finerman. The group discusses various investment strategies and debate the merits of each other's arguments for or against a particular stock or sector. Tim Strazzini, an original panelist, was let go by the network on 2007-05-18 and replaced by Pete Najarian. [2] Eric Bolling, who was also an original panelist, left the network in August 2007 for unknown reasons (he joined the Fox Business Network two months later), and was replaced on 2007-09-04 by Finerman. The program is known to tackle more complex financial items than other CNBC shows; such as options trading, commodities, ETFs, and technical analysis (which was usually done by Bolling and now by Carter Worth or Dan Fitzpatrick).
[edit] Substitute hosts and panelists
When Ratigan is not available, substitute hosts are used in his place. Fill-ins include Melissa Francis ("The Empress"), Becky Quick ("The Contessa"), Erin Burnett ("The Heiress"), and Melissa Lee ("The Emissary"). 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., and Joe Terranova, Chief Alternatives Strategist at Phoenix Investment Partners .
[edit] Panelists
[edit] Current
- Guy Adami ("The Negotiator")
- Karen Finerman ("The Chairwoman"; 2007-present)
- Jeff Macke ("The Lone Wolf")
- Jon Najarian ("The Monster"; 2007-present)+
- Pete Najarian ("The Pit Boss"; 2007-present)
- Tim Seymour ("The Ambassador"; 2007-present)+
- Joe Terranova,("The Liquidator"; 2008-present)+
- Carter Worth (2007-present)+
+ substitute panelists
[edit] Former
- Eric Bolling ("The Admiral"; 2006-2007)
- Stacey Briere-Gilbert ("The Hammer"; 2007)
- Tim Strazzini ("The Risk Doctor"; 2006-2007)
[edit] Segments
The show has several distinct segments, including (but not limited to):
- Page Two: An in-depth discussion of some of the main business related stories of the day.
- Chart of the Day: This segment highlights a chart that corresponds to the day's specific stock.
- Trade Tomorrow/Next Week: Ratigan and his panel zero in on the next day's/week's top three trades than can make you money.
- The Takedown: When one panelist disagrees with the other over a certain issue or comment.
- Trade School: If a member of the panel uses Wall Street jargon, Ratigan will decipher it for viewers (with an accompanying definition).
- Word On The Street: "Best money making chatter behind the scenes"; involves in depth discussion on the various stocks that have made recent news.
- Street Fight: CNBC contributor, Herb Greenberg, takes on the 4 panelists and challenges one of the stock picks each panelist has recommended, Ratigan picks a winner after each "fight" by siding with the views of the panelist or Herb Greenberg.
- Chartology: This segment looks at a chart that corresponds to a specific index, along with technical analysis, usually from Fast Money panelist Carter Worth.
- Breaking News: Late-breaking business headlines (seen on live broadcast only).
- Pops & Drops: Ratigan and his panelists review stocks that have the big gains (pops) and drops during the day (or week).
- Fast Fire: Panelists are held accountable for their past bad picks and are confronted on-air. This segment is seen on Fridays.
- Stocks on Sale: Panelists ask Ratigan whether or not a stock that is mentioned is on sale (very similar to the Lightning Round on Mad Money). This segment is no longer current.
- Sector Trade: A segment in which the traders pull the curtain on a hot stock, and tells viewers how to play it.
- Happy 52-Week High: Seen before and after the commercial break, this segment was about a stock that has just hit a new 52-week high on that day, along with a trivia question and facts about that particular stock. The answer to the question was revealed after the commercial break. This segment was discontinued in January 2008 and replaced by the Trader Radar (see below).
- Trader Radar: A successor to the Happy 52-Week High segment (and is similar to the one mentioned above), this segment is about a stock that "lit up Wall Street radar screens everywhere" on that day. The answer to the question is revealed after the commercial break.
- Take Your Position: The panelists give their specific thoughts related to an event, like a takeover or upcoming earnings.
- Face 2 Face: A viewer, via Webcam, asks a question about a specific stock to Ratigan and his panel.
- Grade the Trade: In this Friday segment (discontinued since October 2007), which involved college students who joined the show via Webcam, they had 30 seconds to answer a question asked by Ratigan. The panelists then graded his/her trade.
- Trade Update: One of the panelists will give an update to a previous trade they had recommended.
- Fast Money World: Fast Money panelist Tim Seymour reveals some international stock trades.
- Fast Message: Ratigan reads viewer Emails sent to mailto:fastmoney@cnbc.com.
- Surprise Friday Guest: In this segment seen each Friday, a surprise guest joins the panel.
- Final Trade: The final segment of the show in which Ratigan and his panel reveal what your first move should be the next morning.
[edit] The future of CNBC?
After the initial success of Jim Cramer's Mad Money, network executives decided to look at expanding the concept across new programming. With the explosion of finance and finance related websites and competing financial television programming, CNBC has realized that it needs to diversify its programming offerings and move away from their standard "present the info" format. While this format has served CNBC well (and continues to do so during the "business day"), primetime has been a large black mark on the network's profile. Past prime-time ventures, including airing repeats of Conan O'Brien's late-night show, Dennis Miller and McEnroe's disastrous entry into the talk show world, have left the network without a coherent primetime schedule. It is hoped that this program, along with Mad Money, will help the network move out of the ratings basement during the evening hours.
This program, along with Mad Money, allows the network to try a new programming strategy: focus on the daytraders and professional traders, rather than the "buy and hold" viewers. One common thread between Mad Money and Fast Money is the "get rich quick" element to them -- the programs are trying to provide viewers with stock picks that will make them money within a short time frame.
[edit] 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.
On 2007-01-03, CNBC announced that it had made a decision as to where to place this program on the daily schedule. The show re-debuted as a nightly television series as it returned in its current 8pm ET timeslot on 2007-01-08. On 2007-09-27, the network announced that the show would move to the 5pm ET timeslot on 2007-10-10 and revert to a live broadcast, with a re-airing at 8pm ET.
[edit] Special editions
[edit] 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.
[edit] 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 4 1/2 years. Erin Burnett was the guest moderator of that episode (Dylan Ratigan was on assignment in Washington, DC when it aired).
[edit] Fast Money: Live from Silicon Valley
On 2007-10-19, Fast Money was broadcast live from the Computer History Museum in Mountain View, CA. [1] 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.
[edit] 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.
[edit] 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.
[edit] 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 finace guru Suze Orman (host of CNBC's The Suze Orman Show) and Playboy Enterprises CEO Christie Hefner.
[edit] 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:
- UCLA (Anderson School of Management)
- Columbia University (Columbia Business School)
- MIT (Sloan School of Management)
- Yale (Yale School of Management)
- New York University (Leonard N. Stern School of Business)
- Dartmouth College (Tuck School of Business)
- University of Texas (McCombs School of Business)
- University of Chicago (University of Chicago Graduate School of Business)
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.
[edit] Worldwide Simulcast
Currently, Fast Money is not seen on CNBC Europe as that channel instead airs Europe Tonight on Monday through Thursday and Europe This Week on Fridays. However, as of 2007-10-10, this program is seen on CNBC Asia Tuesdays to Saturdays 5AM SIN/HK/TWN Time LIVE during the Daylight Saving Time period in the US until 2007-11-02. 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 Wednesdays US time editions are aired from Tuesdays to Thursdays at 12pm SIN/HK/TWN time.
[edit] See also
- Fox Business Happy Hour (a Fox Business Network program aired in the same timeslot)
- Mad Money (a CNBC financial investing program, hosted by Jim Cramer, which follows a similar format)
- On the Money (a CNBC nightly business news program anchored by Melissa Francis; discontinued after 2007-10-05)
[edit] References
- Jensen, Elizabeth. "The Brashness Is Back in Money Talk, and Also at CNBC", The New York Times, The New York Times Company, 2006-10-02. Retrieved on 2007-03-16.
- CNBC (2007-01-03). "“Fast Money” To Join Primetime Lineup Monday, January 8th at 8pm". Press release. Retrieved on 2007-03-16.
[edit] External links
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