Fast Money (talk show)

Last updated
Fast Money
Fastmoneysept16.jpg
Original logo (06/21/06 to 10/10/14)
Genre Stock trader talk show
Created by Dylan Ratigan and Susan Krakower [1]
Presented by Melissa Lee (host)
Guy Adami
Bonawyn Eison
Karen Finerman
Courtney Garcia
Steve Grasso
Brian Kelly
Mike Khouw
Dan Nathan
Tim Seymour
Nadine Terman
Carter Worth
Tony Zhang
Country of originUnited States
Original languageEnglish
Production
Executive producerKevin Flynn
Production locations NASDAQ MarketSite, New York City
Camera setup Multi-camera
Running time60 minutes
Original release
Network CNBC
ReleaseJune 21, 2006 (2006-06-21) 
present
Related
Mad Money , On the Money
CNBC's Fast Money panel until May 18, 2007: (from the left) Jeff Macke, Tim Strazzini, Dylan Ratigan, Guy Adami and Eric Bolling. CNBC Fast Money team.jpg
CNBC's Fast Money panel until May 18, 2007: (from the left) Jeff Macke, Tim Strazzini, Dylan Ratigan, Guy Adami and Eric Bolling.
CNBC's Fast Money panel on November 9, 2007: (from the left) Guy Adami, Dylan Ratigan, Karen Finerman, and Pete Najarian. CNBC Fast Money 2007-11-09.jpg
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 June 21, 2006. [2] 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 Friday edition of Fast Money returned to being a full-hour show on September 22, 2023, after Options Action was quietly cancelled the previous Friday (September 15, 2023). The show originates from the NASDAQ MarketSite in New York City.

Contents

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: Guy Adami, Bonawyn Eison, Karen Finerman, Steve Grasso, Brian Kelly, Mike Khouw, Pete Najarian, Dan Nathan, Tim Seymour, and Nadine Terman.

History

The success of Mad Money prompted CNBC to look to replicate that success with another show. [5] Fast Money was created by Dylan Ratigan and Susan Krakower, Vice President of Strategic Programming and Development, [6] 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. [6]

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 5pm 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.

On September 22, 2023, the Friday edition of Fast Money was extended back to 60 minutes, in line with its Monday-Thursday shows, after Options Action (the television program) was quietly cancelled the previous Friday (September 15, 2023).

Panelist changes

Strazzini was replaced by Najarian on May 18, 2007. [7] 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. Ratigan left the network on March 27, 2009 when his CNBC contract expired. [8] Ratigan was replaced by Lee, who sometimes filled in for Ratigan. Macke left CNBC on June 15, 2009 [9]

Hosts

Current

Former

+ fill-ins

Panelists

Current

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 broadcasts live weekdays at 5p ET from Times Square New York, New York, second-floor studios of the NASDAQ by CNBC, a national cable television network owned by NBC Universal/Comcast.

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. [14] 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, Florida, 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 Tenth Anniversary

For the week of 2017-01-09, the tenth-anniversary editions of Fast Money were broadcast live from the NASDAQ MarketSite in New York.

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, New Jersey, 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

CNBC Asia

CNBC Asia broadcasts the programme on 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.

CNBC Europe

CNBC Europe does not generally broadcast the programme live, apart from on days when the news of the day merits extra live news programming. The channel instead airs broadcasts of CNBC documentaries and weekly magazine programmes in the timeslot. However it is shown between November and March on a four-hour tape delay to fill the one-hour gap between the end of Street Signs and the start of Capital Connection , created by Europe not being on Daylight Saving Time.


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References

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  3. Programming Changes At CNBC Archived 2008-10-07 at the Wayback Machine a September 27, 2007 article from Mediabistro.com
  4. 1 2 "CNBC Schedule Change for Fridays". CNBC. 21 March 2013.
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  6. 1 2 ""Fast Money" To Join Primetime Lineup Monday, January 8th at 8pm" (Press release). CNBC. 2007-01-03. Archived from the original on 2007-01-14. Retrieved 2007-03-16.
  7. New Panelist On Fast Money Archived 2007-09-30 at the Wayback Machine from Mediabistro.com
  8. Three months later Ratigan appeared as the host of Morning Meeting , a new mid-day show on CNBC's sister network MSNBC.
  9. Jeff Macke Officially Out at CNBC, a June 15, 2009 article from Mediabistro.com
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  14. [ dead link ]