David Faber Biography: CNBC’s “Squawk on the Street” Co-Anchor

David Faber Biography: CNBC’s Financial News Anchor

David Faber is a prominent American financial journalist and market news analyst, currently serving as a co-anchor of CNBC’s “Squawk on the Street”.

He joined CNBC in 1993 after working at Institutional Investor for seven years. Over his career, Faber has earned recognition for his in-depth analysis and breaking news coverage on various business topics.

He has hosted several documentaries on corporations such as Wal-Mart and eBay, with his work on “The Age of Walmart” earning him a Peabody Award and an Alfred I. duPont-Columbia University Award for Broadcast Journalism in 2005.

In 2010, he won the Gerald Loeb Award for Television Enterprise Business Journalism for “House of Cards.” Faber is also the author of three books.

In addition to his role on “Squawk on the Street,” he hosts CNBC’s monthly program, “Business Nation,” which debuted in January 2007.

Early Life and Education

David Faber was raised in a Jewish family in Queens, New York City. From a young age, Faber developed an interest in journalism, sparked by watching the news with his father.

Highly motivated and focused on education, he was not only active in high school sports, playing both football and tennis but also contributed articles to the school newspaper.

After graduating high school in 1982, he pursued higher education at Tufts University, where he earned a Bachelor of Arts degree in English in 1985. His academic achievements were notable, graduating cum laude.

Parents and Siblings

David Faber was born on March 10, 1964, in New York City, USA. He was raised in a Jewish family in Queens, New York. His father, Norman L. Faber, is a lawyer and a graduate of the New York University School of Law.

His mother, Belle B. Faber, is the associate executive director of the American Jewish Congress in New York.

Unfortunately, there isn’t much publicly available information about Faber’s siblings, so it’s unclear if he has any.

Faber’s upbringing was undoubtedly influenced by his parents’ careers and dedication to their professions.

Growing up in such an environment, he developed a keen interest in journalism from an early age.

Career

Faber began his career as a reporter at Institutional Investor magazine, where he spent seven years covering the financial industry. In 1993, he joined CNBC, where he quickly rose to prominence as a leading financial journalist.

He has hosted several documentaries on corporations, including “The Age of Walmart,” which earned him a Peabody Award and an Alfred I. duPont-Columbia University Award for Broadcast Journalism.

Institutional Investor

David Faber’s career began at Institutional Investor, a reputable business magazine known for its comprehensive coverage of global financial markets and institutions. Here, he worked as a journalist from the mid-1980s until 1993.

During his tenure, Faber honed his skills in financial reporting, gaining valuable insights into the intricacies of business journalism, particularly focusing on financial analysis, corporate strategies, and market trends.

This experience laid a robust foundation for his future endeavors in television journalism.

CNBC

In 1993, Faber transitioned to CNBC, a major American pay television business news channel. Here’s a detailed look at his career highlights at CNBC:

• Reporting & Analysis: At CNBC, Faber quickly became known for his expertise in financial reporting. He covered significant events and breaking news in the business world, providing in-depth analysis and insights into various corporations and market movements.

• Co-Hosting “Squawk on the Street”: As the co-anchor of “Squawk on the Street,” Faber played a critical role in delivering live market news and analysis from the floor of the New York Stock Exchange. His calm demeanor and insightful commentary made him a trusted figure for viewers.

• “Business Nation”: In January 2007, Faber began hosting CNBC’s monthly program, “Business Nation”. This show explored the changing landscape of American business, highlighting trends and innovations in the corporate world.

Acclaimed Documentaries

David Faber has produced and hosted several high-profile documentaries, which earned him significant recognition and awards:

• “The Age of Walmart”: In this documentary, Faber explored the rise of Walmart and its impact on the retail landscape. His investigative work earned him both a Peabody Award and an Alfred I. duPont-Columbia University Award for Broadcast Journalism, recognizing the depth and quality of his reporting.

• “House of Cards”: This documentary provided an in-depth look at the collapse of the housing market and the subsequent financial crisis. Faber’s thorough analysis and reporting earned him the Gerald Loeb Award for Television Enterprise business journalism in 2010.

Authorship & Guest Hosting

Apart from his television career, David Faber has made contributions in other realms:

• Authorship: Faber has authored three books:

• • “The Faber Report” (2002): This book provided readers with insights into various business strategies and market perspectives.

• • “And Then the Roof Caved In” (2009): Faber detailed the events leading up to and following the financial crisis, offering his unique perspective as a seasoned financial journalist.

• • “House of Cards: The Origins of the Collapse” (2010): Building on his documentary, this book provided an even more comprehensive look at the factors contributing to the housing market collapse.

• Guest Host on “Jeopardy!”: In 2021, Faber made a notable appearance as a guest host on the popular trivia game show, “Jeopardy!” His performance was well-received, showcasing his versatility and breadth of knowledge beyond financial journalism.

Here are some highlights of David Faber’s notable coverage, succinctly summarized:

• The Age of Walmart: Documentary on Walmart’s impact on retail; won Peabody Award and Alfred I. duPont-Columbia University Award.

• House of Cards: Coverage of the housing market collapse; earned Gerald Loeb Award.

• Bernie Madoff Scandal: Detailed reporting on the Ponzi scheme and its effects.

• 1998 Long-Term Capital Management Crisis: Reporting on the hedge fund’s collapse due to risky investments.

• Financial Crisis of 2008: Coverage of the collapse of major financial institutions and government bailouts.

• Earnings Reports & Market Trends: Consistent live reports and analysis on “Squawk on the Street”.

Financial Status

David Faber’s estimated net worth of $12 million is a result of his extensive and successful career in business journalism.

This wealth comes from his long tenure at CNBC, his work on acclaimed documentaries, his books, and various speaking engagements.

His estimated annual salary of $4 million reflects his prominent role at CNBC and his value to the network.

Faber’s salary is influenced by his expertise, the viewership of his programs, and the awards and recognitions he has received over the years.

Personal Life

• Age: Born on March 10, 1964, which makes him 60 years old

• Zodiac Sign: Pisces

• Ethnicity: Jewish

• Nationality: American

• Relationship Status: Married

Wife:

David Faber is married to Jenny Harris Faber, an accomplished American business journalist and TV personality.

Jenny has worked as the executive producer for shows like “Moneyline News Hour” at CNN and “Lou Dobbs Tonight” at Fox Business Network.

Born on October 24, 1969, Jenny is the daughter of Marie Masters, a well-known soap opera actress, and Jay Harris, a lawyer.

David and Jenny tied the knot in January 2000, in a ceremony that honored Jewish traditions. Together, they have two children – a son and a daughter.

Jenny Harris Faber

• Profession: American business journalist and TV personality. Jenny has worked as the executive producer for shows like “Moneyline News Hour” at CNN and “Lou Dobbs Tonight” at Fox Business Network.

• Background: Jenny was born on October 24, 1969, to parents Marie Masters and Jay Harris. Her mother was a famous soap opera actress, and her father is a lawyer.

• Marriage: Jenny and David Faber married in January 2000. Their wedding followed Jewish ceremonial rituals, given David’s Jewish heritage.

Children

David and Jenny have two children together – a son and a daughter. The couple prefers to keep their children out of the limelight, so details like their names and ages are not widely known.

Despite their public careers, David and Jenny maintain a low profile when it comes to their personal lives, focusing on providing a nurturing environment for their family.

Social Media

David Faber is active on social media and maintains a presence on several platforms, including Twitter and Facebook.