CNBC adding new show called “Squawk Alley”

CNBC announced Thursday the addition of “Squawk Alley” to the network’s business day programming line-up, beginning Monday, May 19.

The program will air at 11 a.m. EST. It replaces the third hour of “Squawk on the Street.”

Anchored from the New York Stock Exchange by Carl Quintanilla, “Squawk Alley” will zero in on the intersection of Wall Street and technology, with coverage of new ideas, new technologies and breaking news and analysis on the titans of the industry. The program will also continue to report on the network’s core coverage as dictated by the markets.

“CNBC’s ‘Squawk’ franchise has become the gold standard of business news television and we’re excited to expand one of the network’s most successful brands,” said Nikhil Deogun, senior vice president and editor in chief of CNBC Business News, in a statement. “With technology infusing nearly every business story, ‘Squawk Alley’ will be the place where stories of innovation and disruption collide with capital markets and the global economy.”

Quintanilla will be joined by a cast including CNBC’s on-air tech editor Jon Fortt, who has covered the sector for 15 years, and CNBC reporter Kayla Tausche, who will cover a new beat focusing on the big money backers of tech.

The program will feature regular appearances from CNBC’s contributors, notably outgoing BuzzFeed President Jon Steinberg, as well as CNBC reporters on the ground in the Bay Area and Los Angeles.  “Squawk Alley” will leverage the reporting of Kara Swisher, Walt Mossberg and the rest of the Re/code team, an NBCUniversal partner.