Hedge fund manager, author, political donor and current CNBC contributor Anthony Scaramucci is expected to join Fox Business Network as a contributor. The move will reunite “The Mooch” with Maria Bartiromo. Earlier this year, Scaramucci’s SkyBridge Capital acquired the rights to the finance TV show “Wall Street Week” and hired former CNBCers Susan Krakower and Raymond Borelli to oversee its revival.
The opportunity was just fantastic. The opportunity to report on China and cover technology, which are two very hot growing stories. I love following stories that are changing every single day. China has been a longtime passion of mine and probably will be forever.
In technology, it’s not just tech. It’s becoming media. It’s becoming telecom. It’s part of the every day person’s life. You have to understand the decisions and how they impact our lives, our privacy and our money.
Starting this morning, and every Friday for the rest of the summer, Maria Bartiromo will anchor her Fox Business show from outside the NYSE.
“Summer Fridays are sometimes lighter days. It’s just a nice change of pace to go outside and go downtown,” Bartiromo tells TVNewser. “I love my set and I love being at the Fox headquarters, which is so convenient for guests, but I figured because we’re in the summertime, we wanted to kick it up a little and do something different.”
Bartiromo, who joined FBN from CNBC in in January, has a long history at the NYSE: in addition to being the first reporter to broadcast live from the floor, her CNBC show was broadcast there. One of the reasons to return, she says, is to “reconnect with people” and Wall Street sources.
“I have so many friends there. I did go down once when I first started [at FBN],” she says. “It was so nice because the guys on the floor gave me such a beautiful welcome, and I really felt great about it.” Read more
Fox Business Network’s Charles Payne talks to the OC Register about how he first became interested in Wall Street, a passion which eventually would lead him to a job in finance, a contributor gig at CNBC and ultimately his own FBN show:
Raised the first dozen years of his life on Army bases where his father was stationed, it was an idyllic childhood, he says. “Always living on these wonderful military bases, I never knew crime, or locking doors,” Payne says. “I never really knew violence. And then I came home one day from school and my mom said, ‘Hey, we’re leaving.’ ”
His parents’ divorce when he was 12 resulted in the culture shock of Payne and his mother and two younger brothers moving into a one-room apartment in the Harlem neighborhood of New York City. As the oldest kid, Payne says he started working to help his mother provide. “I sorta hustled,” he says. “Bought paper towels and Windex and cleaned windows at stoplights. I got a job in a bodega. I went door-to-door shoveling snow in winter.”
From his neighborhood he knew little of Wall Street, he says. “Except I knew that was where all the money was made,” Payne says. “And any chance I had to get the Wall Street Journal, I would read it and read it. I started learning to teach myself about it.”
Charles Payne is using a recent personal experience as motivation to help young job-seekers. On his Fox Business show this week, Payne recounted a story of seeing his godson coming back from a job interview in a suit and a black dress shirt.
“It really bothered me that he didn’t know to wear a white shirt, and then after we talked about it he said, ‘well, I don’t have a white dress shirt,’ so I decided I wanted to help,” Payne said. “Any New York City teen graduated from high school going straight into the job market, if you don’t have enough money to get a white dress shirt, go to Portabella on White Plains Road in the Bronx, ask for a Dr. Manuel. I’ve already pre-paid for 50 of these shirts — you’re going to get a shirt, and a tie, and a little hanky, too.”
Payne also encouraged the teens to bring their resumes, which he said would be looked at by a team of experts. Watch:
Maria Bartiromo is already the subject of a Joey Ramone song, and this week, she discovered she has another fan in her stable, so to speak: Bartiromo, a Thoroughbred filly named after the Fox Business anchor, won her race at Belmont Park Wednesday.
Bartiromo (the person) interviewed the owner of Bartiromo (the horse), Peter Bradley, on “Opening Bell” this morning. He said the name was suggested by one of his good friends because the horse was “strong and elegant, she’s tough.”
“Do not bet against Bartiromo, ever,” the anchor joked (watch the video here).
When Charles Payne gets recognized on the street, he often gets told something along the lines of, “I love you on TV, but I’m not in the stock market.”
“Everybody’s in the market,” Payne told TVNewser this morning, citing examples of people who use Apple laptops or drive Ford cars. “What you have to figure out is – do you always want to be on the consumer side of it?”
Bridging the divide between Main Street and Wall Street is a cornerstone of Fox Business Network, and it will be one of the “great goals” of Payne’s new show, “Making Money with Charles Payne,” which debuts tonight at 6pmET.
“There’s a distinction between Wall Street, the physical place downtown … and Wall Street, the place where you can go and start to pick out great American companies to become a part owner of,” Payne said.
Payne says he sees a “two-pronged challenge” for himself: bringing down the intimidation factor of Wall Street and convincing people that it is still worthwhile to invest. He says he will accomplish this without falling victim to some pet-peeves of business television, including “an obsession with fast money, crazy terms you don’t know, someone telling you you’re going to crash.” Read more
Jon Hilsenrath, Wall Street Journal‘s chief economics correspondent, is joining Fox Business as a contributor. In his new role, he will appear on both FBN and Fox News.
“Jon’s impressive background and expertise in global economics will make a great addition to FBN’s all-star business lineup, and we’re thrilled to welcome him to the team,” FBN EVP Kevin Magee said in a statement.
- Related: Maria Bartiromo: What’s Your Show?
Hilsenrath, who currently covers the Federal Reserve, has worked at the WSJ since 1997. Previously, he worked as a freelance reporter for the New York Times and TIME. He will make his first appearance as a contributor on “Opening Bell with Maria Bartiromo” tomorrow morning.
Usually she’s covering Janet Yellen on her Fox Business show, but yesterday, FBN’s Maria Bartiromo, who is on the board of trustees of New York University, caught up with Yellen at Yankee Stadium where the Federal Reserve Chairwoman, was an honorary degree recipient and speaker at New York University’s 182nd commencement.
“Yankee Stadium is a natural venue for another lesson,” Yellen said in her speech. “You won’t succeed all the time. Even Ruth, Gehrig and DiMaggio failed most of time when they stepped to the plate. Finding the right path in life, more often than not, involves some missteps.”
“Janet Yellen @ Yankee stadium. Empowered the #nyu grads w her commencement speech,” Bartiromo tweeted.
“Charles has an incredible talent for identifying growth sectors in the markets and we’re excited to launch a new show dedicated to helping viewers spot these emerging investment prospects,” Magee said in a statement.
Payne has been an FBN contributor since the network launched in 2007. He appears frequently on both Fox News and Fox Business. TVNewser reported in March FBN was considering a show for Payne.
“There are money making opportunities behind every headline and each day I am going to debate and analyze these potential investments with the aim of helping viewers find their confidence in the markets and realize their long-term dreams and goals,” Payne said.
“Cavuto” currently airs at 6pmET and repeats at 8pmET. When Payne’s program debuts in June, “Cavuto” will continue to air at 8pmET.
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