Rick Santelli, a prominent figure at CNBC for more than two decades, will conclude his tenure at the business network on October 2. The announcement was shared with staff on Thursday and made public during a Friday broadcast of “Squawk Box.” Santelli’s departure marks the end of an era for the Versant Media-owned outlet, where he has served as an economic analyst since 1999.
Throughout his career at CNBC, Santelli became known for his candid and energetic commentary on federal economic policy and its impact on ordinary citizens. Drawing from his extensive background in trading and financial markets, he delivered analysis from the Chicago Board of Trade on critical indicators including employment reports and other economic benchmarks. His willingness to debate colleagues on air, including notable clashes with fellow anchors, made him a distinctive and recognizable presence on the network.
Santelli gained widespread attention in 2009 when he delivered an impassioned on-air commentary criticizing a government housing assistance program, an exchange many observers credit with galvanizing the Tea Party movement. CNBC’s editor in chief praised Santelli’s dedication, noting his commitment to covering major market events even when it required personal sacrifice.
Though stepping back from full-time responsibilities, Santelli will continue contributing to CNBC following his retirement. In a fitting conclusion to his career, he plans to cover the federal jobs report scheduled for his final day on the air.
Originally reported by Variety →
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