Squawk Box

Squawk Box is an American business news television program that airs from 6 to 9 a.m. Eastern time on CNBC. The program is co-hosted by Joe Kernen, Becky Quick, and Andrew Ross Sorkin. Since debuting in 1995, the show has spawned a number of versions across CNBC's international channels, many of which employ a similar format. The program title originates from a term used in investment banks and stock brokerages for a permanent voice circuit or intercom used to communicate stock deals or sales priorities; it also may refer to the squawk of a bird, like a peacock, which is the logo of CNBC.

For the Transformers character, see Squawkbox (Transformers). For the communication device known as squawk box, see Hoot-n-holler. For the British political blog, see The Skwawkbox.

Squawk Box
New graphics and set for CNBC's "Squawk Box" that debuted Oct. 30, 2019
GenreBusiness news program, talk show
Presented byJoe Kernen (1995–present)
Becky Quick (2005–present)
Andrew Ross Sorkin (2011–present)
Mark Haines (1995–2005)
Carl Quintanilla (2005–2011)
Country of originUnited States
Original languageEnglish
Production
Executive producerMax Meyers (2018-present)[1]
Production locationsFort Lee, New Jersey (August 7, 1995 – October 10, 2003)
Englewood Cliffs, New Jersey (October 13, 2003 – January 6, 2015)
Time-Life Building, New York City (January 7, 2015 – December 30, 2016)
NASDAQ MarketSite, New York City (January 3, 2017 - present)
Running time180 minutes (3 hours)
Release
Original networkCNBC
Original releaseAugust 7, 1995 (1995-08-07) –
present
Secretary of State Mike Pompeo interviewed on Squawk Box in 2019

Format

Dubbed "our pre-game show" by regular co-host Joe Kernen,[2] Squawk Box features early-morning analysis of and breaking news from the financial markets, along with considerable banter between the hosts and their guests – original host Mark Haines stressed the need to "inject a little fun" into business news in the early morning.[2] Another distinctive and long-running feature of the show has been its use of daily "guest hosts" – figures from the world of business and politics who join the team for much of the broadcast, questioning guests as well as offering their own opinions.

Regular contributors to the show include Sharon Epperson (NYMEX), Rick Santelli (Chicago), and Steve Liesman.

Meteorologists from The Weather Channel contribute to the "Business Travel Forecast" segments.

History

Squawk Box’s core on-air team remained intact for many years – the program was originally presented by New Jersey lawyer Mark Haines, along with in-studio reporters Joe Kernen, David Faber and Maria Bartiromo at the New York Stock Exchange. CNBC's senior economics reporter Steve Liesman also became a frequent contributor. Alexis Glick joined the team as senior trading correspondent in May 2003,[3] while Bartiromo stepped down from her position in 2004 to concentrate on other duties.[4] Becky Quick later replaced Glick as a reporter.

For many years the program covered the opening bells of the New York Stock Exchange and NASDAQ Stock Market at 9:30 a.m. Eastern Time. Other regular segments included the Squawk Exchange, where the team (particularly Faber and Kernen) shared banter on various topics, On the Box (rapid-fire summaries of the day's headlines) and Joe's World, where Kernen sounded off on the day's notable stock stories.

During the period when CNBC's online presence was housed at MSN Money, the show held its own daily Squawk Back Poll on the website, where viewers voted on a topical issue. In May 2005 the program established its own blog on Windows Live Spaces, called SquawkBlog, where the program hosts posted their thoughts, although this is no longer in use.

2005 revamp
The Squawk Box set from October 2003 to March 2011

The program underwent a significant revamp on December 19, 2005, with the show moving to the 6:00 am ET timeslot and Kernen, Quick and Carl Quintanilla helming a new tri-anchor format alongside on-air editor Charles Gasparino. Haines and Faber moved to a newly created program, Squawk on the Street, anchored from the NYSE by Haines and Erin Burnett with Faber at CNBC headquarters. As a result of these changes, coverage of the market open at 9:30am ET passed to Squawk on the Street. The "guest host" feature of Squawk Box was dropped immediately after the revamp but later reinstated.

There was a significant amount of initial negative feedback about the changes made to Squawk, most notably the removal of Mark Haines from the team.[5] On the Squawk Box blog, over 200 complaints were entered into the site, along with numerous messages posted on the CNBC message board.[6]

2011–present

On July 8, 2011, Quintanilla left Squawk Box to become part of the new Squawk on the Street anchor team, following Haines' death on May 24 of that year. His new assignment began three days later, when he debuted with Melissa Lee and Simon Hobbs. Andrew Ross Sorkin of The New York Times, joined Kernen and Quick in order to succeed Quintanilla's anchoring duties. Sorkin made his debut as co-anchor July 18, 2011.[7]

On October 13, 2014, Squawk Box, along with CNBC's other trading-day shows, were launched in full 1080i high-definition as part of a network-wide switch to a full 16:9 letterbox presentation on that same day.

On January 7, 2015, Squawk Box moved to a new street-side studio inside the Time-Life Building in New York City after almost two decades in New Jersey (at CNBC's original facilities in Fort Lee from its August 7, 1995, debut to October 10, 2003, and at CNBC's facilities in Englewood Cliffs from October 13, 2003, to January 6, 2015).

On January 4, 2016, Squawk Box debuted a remastered version of its logo used since October 13, 2014. On February 8, 2016, both the Asian and European versions also started using the remastered Squawk Box logo.

On November 14, 2016, it was officially announced by the NASDAQ that production of Squawk Box would be relocated to the NASDAQ MarketSite studio in Times Square; it began broadcasting from there on January 3, 2017. That same studio is also shared with CNBC's two other shows, Fast Money and Options Action (the latter airing on Fridays only; both shows are hosted by Melissa Lee).

On November 15, 2017, Squawk Box moved downstairs to a new street-level studio overlooking Times Square, also at the NASDAQ MarketSite.

On October 30, 2019, Squawk Box renovated its set at the NASDAQ MarketSite. The curved desk was replaced with a round anchor desk, a setup similar to the one the show had used when it aired from CNBC's Englewood Cliffs studios. New graphics and music were also introduced.[8]

Show times

The program airs from 6 a.m. until 9 a.m. Eastern Time in the United States.

It is relayed in its entirety live on CNBC Europe although it is sometimes partially pre-empted for local programming, particularly to cover European Central Bank interest rate announcements and the subsequent press conferences.

In Asia, the show is aired in its entirety on CNBC Asia from Mondays to Fridays (vary between time to time during U.S. Daylight Saving Time and Standard Time). Also, it can be air in New Zealand from Tuesdays to Saturdays during Daylight Saving Time when U.S. is on Eastern Standard Time.

Spin-offs

Squawk Box Weekend Edition

CNBC briefly aired a weekend version of the programme. Called Squawk Box Weekend Edition the programme was broadcast at the weekend from 7:30 to 8 pm ET during c. 1999 to 2000. It was also hosted by Mark Haines.

Worldwide Squawk Box

Around CNBC's global branches, there are many "Squawk Boxes" in the world:

ChannelProgramStill Run?Presenters
CNBC EuropeSquawk Box Europe (1996—present)Geoff Cutmore, Steve Sedgwick and Karen Tso
Squawk Outside The Box (2007)Geoff Cutmore
CNBC AsiaAsia Squawk Box (February 2, 1998—present)Sri Jegarajah, Martin Soong
Squawk Australia (March 26, 2007 – June 11, 2010)Oriel Morrison
Nikkei CNBCTokyo Squawk Box
CNBC-TV18Bazaar (1999—2004)
CNBC-eGeri Sayım (October 16, 2000—present)
Class CNBCCaffè Affari (?—present)
CNBC ArabiyaAswak Al Mal (?—present)
CNBC AfricaSquawk Box Africa (2008-04-07(?)—present)
CNBC IndonesiaSquawk Box (2018—present)N/A

Among the above, Squawk Box Europe and Asia Squawk Box are the counterparts which resemble the original Squawk Box the most:

  • They are all three hours in duration.
  • They all have a guest host appearing on the show, mostly after the first hour.
  • In addition, Maria Bartiromo has served as a guest co-anchor on both Squawk Box Europe and Asia Squawk Box.

(Karen Tso moved to the Asian version of Squawk Box (and was based in Singapore) and after Amanda Drury briefly replaced Tso on Squawk Australia, Oriel Morrison moved into that role in 2010 while Drury is now based in CNBC World Headquarters in the U.S.). Tso moved to the European version of Squawk Box after joining CNBC Europe in 2011.

Fantasy Portfolio Challenge

150,221 players participated in the Squawk Box Fantasy Portfolio Challenge, a stock-picking contest that ran from April 4, 2006 through May 26, 2006. The winner of the Squawk Box Fantasy Portfolio Challenge, which was announced live at the end of the 2 June 2006 episode, was Thomas Ko of California. His $5,015,735 portfolio value outpaced all the other contenders. He was also the winner of a brand-new, limited-production, 2006 Maserati GranSport.

See also

References
  1. "CNBC Names Max Meyers Executive Producer of Squawk Box". adweek.it. Retrieved July 8, 2019.
  2. Strauss, Robert (April 23, 2000). "NEW JERSEY & CO.; All Eyes Are on Fort Lee". The New York Times. Retrieved November 26, 2007.
  3. Thomas-Graham, Pamela (May 3, 2003). "CELEBRATION 50: WHAT I LEARNED AT HARVARD LAW SCHOOL". Harvard Law School. Retrieved November 26, 2007.
  4. Patsuris, Penelope (May 13, 2004). "Mornings Without Maria?". Forbes. Retrieved November 26, 2007.
  5. "CNBC Has Received "Tens of Thousands" of Complaints About New Graphics & Noises". TV Newser. December 27, 2005. Retrieved November 26, 2007.
  6. Quintanilla, Carl (December 16, 2005). "Why The New Squawk Box?". CNBC. Retrieved November 26, 2007.
  7. Lieberman, David (July 15, 2011). "NYT's Sorkin Joins CNBC's 'Squawk Box'". Deadline Hollywood. Retrieved December 27, 2014.
  8. "'Squawk Box' moves back downstairs". NewscastStudio. Retrieved November 28, 2019.
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