Fast Money is an American financial stock trading talk show that began airing on the CNBC cable/satellite TV channel on 2006-06-21. Since October 10, 2007, it has broadcast every weeknight at 5pm ET, one hour after the close of trading on the New York Stock Exchange. 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 four out of five 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, 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. By January 8, 2007, it became a weekday show with its studio at the NASDAQ MarketSite.
Panelist changes
Strazzini was replaced by Najarian on May 18, 2007. 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 Times co-creator Susan Krakower, Ratigan left the network on March 27, 2009 when his CNBC contract expired. Ratigan was replaced by Lee, who sometimes filled in for Ratigan. Macke left CNBC on June 15, 2009
Substitute hosts and panelists
Substitute hosts include Melissa Francis, Becky Quick, and Erin Burnett. 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, Dennis Gartman, editor of The Gartman Letter, Joe Kinahan, chief derivatives strategist at thinkorswim and Jared A. Levy, senior derivatives specialist at PEAK6 Investments,
Hosts
Current
- Melissa Lee ("The Emissary"; became permanent host in April 2009)
- Erin Burnett ("The Heiress")+
- Becky Quick ("The Contessa")+
- Melissa Francis ("The Empress")+
- Matt Nesto ("The House")+
- Michelle Caruso-Cabrera ("La Princesa")+
- Rick Santelli ("The Big SUR")+
- Bob Pisani
Former
- Dylan Ratigan ("The Commissioner"; 2006-2009)
Panelists
Current
- Guy Adami ("The Negotiator")
- Karen Finerman ("The Chairwoman"; 2007-present)
- Pete Najarian ("The Pit Boss"; 2007-present)
- Joe Terranova ("The Liquidator"; 2008-present)+
- Tim Seymour ("The Ambassador"; 2007-present)+
- Jon Najarian ("The Monster"; 2007-present)+
- Quint Tatro ("The Kentucky Kid"; 2008-present)+
- Zachary Karabell ("The Academic"; 2008-present)+
- Carter Worth (2007-present)+
- Dennis Gartman (2008-present)+
- Joe "JJ" Kinahan (2008-present)+
- Jared A. Levy ("The Strategist"; 2009-present)+
- Steve Cortes ("El Capitan"; 2009-present)+
- Brian Kelly (2009-present)+
- Steve Grasso ("The Governor"; 2009-present)+
+ substitute
Former
- Eric Bolling ("The Admiral"; 2006-2007), now with the Fox Business Network
- Stacey Briere-Gilbert ("The Hammer"; 2007), still a show contributor
- Jeff Macke ("The Lone Wolf"; 2006-2009)
- Tim Strazzini ("The Risk Doctor"; 2006-2007)
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: Lee and her 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, Lee 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 (and now Melissa Lee) 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: Lee and her 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 asked Ratigan (the original host) 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 Lee and her 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: Lee reads viewer Emails
- Surprise Friday Guest: In this segment seen each Friday, a surprise guest joins the panel.
- Fast & Furious: A Pardon the Interruption -style rundown of events happening the next day.
- Final Trade: The final segment of the show in which Lee and her panel reveal what your first move should be the next morning.
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 NASD
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