CNBC adds third hour to “Squawk on the Street”

TALKING BIZ NEWS EXCLUSIVE

CNBC senior vice president Nik Deogun sent the following announcement to the staff on late Friday:

I’m pleased to announce that we are expanding two of CNBC’s most successful franchises, Squawk on the Street and Fast Money.

In just three months, the new incarnation of Squawk on the Street has become must-watch television for the CNBC audience. The combination of Carl Quintanilla, Melissa Lee, Jim Cramer, David Faber and Simon Hobbs has resulted in two hours of crackling conversation and groundbreaking interviews.

Starting October 17, Squawk on the Street will broadcast from 9 a.m. to noon, adding a third hour. Hosted by Carl Quintanilla, the 11 o’clock hour will help viewers navigate the dynamic speed of the real-time global marketplace, whether news is breaking on Wall Street or Washington, Chicago or, as has increasingly been the case, the bourses in Europe.

Carl will frequently be joined by other members of the Squawk on the Street team, such as Simon Hobbs. In addition, Gary Kaminsky and Rick Santelli will have recurring roles on the program. Gary, one of the original guest hosts of Squawk Box, has brought essential market insight to CNBC since joining the network last year and is now taking on a new role as CNBC’s Capital Markets Editor. Given his long career as a successful money manager, Gary has his finger on the pulse of investor sentiment. Rick will give viewers his signature take on the markets and the economy from his perch in the trading pits of Chicago. Accompanied by CNBC reporters and guests, Carl will lead a discussion that is uniquely identified with the Squawk brand.

Squawk on the Street will be followed by Fast Money Halftime Report from noon to 1 p.m. The new Halftime Report will set the agenda for the rest of the trading day by cutting through the headlines and getting to the story that matters most to those with the most money on the line. Host Scott Wapner and a deep bench of seasoned traders will break down analyst calls, market-moving corporate news, options action and technical analysis. The noontime show, which will keep the spirit of intellectual combat that is the hallmark of Fast Money, will include focused segments on commodities, exchange traded funds and small stocks.