Um, my name is David Faber, I'm a longtime anchor and reporter, most importantly reporter, at CNBC, the business news channel.
Could you tell us about your charity?
I'm playing for New Visions for Public Schools. It's a charity that supports the public schools in New York City where we have 1.1 million children in school. It comes up with different innovative ways to try to keep those kids in school, enhance their educations, and make sure they go on to college. Also, uh, has a number of charter schools, two of which I'm on the board of.
What impact would $50,000 have on your charity?
It means a great deal. Uh, it means that you can expect that some students in New York City are going to benefit enormously as a result of it.
Does your experience as a reporter give you an advantage?
You know, I think when it comes to current events and things of that nature, having, uh, been following it as long as I have, I think I'll do fairly well. On business topics, I would hope I don't embarrass myself, given that is my expertise as a journalist for the past 25 years, but if it's GEOLOGY or THE PERIODIC TABLE, I'm in deep trouble.
Will you take big risks with your wagers?
I'm going to, uh, take moderate risk. Uh, as we know in the financial markets, risk and reward. And so you have to choose very carefully. So I'm expecting to sort of go down that line--not too much risk.
Did you wake up this morning expecting to win your game?
Not really. Uh, you know, Kareem is a very worldly individual. Dana's incredibly smart. He's very competitive. So I was just trying to--to hang in there.
What was the best part of your Power Players experience?
It's all been fun. Uh, I mean, it was great to meet Kareem Abdul-Jabbar. I grew up watching him play basketball. It was great to be here and--and see how the show works. And the incredibly enthusiastic audience. The whole thing was very exiciting.
What impact will $50,000 have on your charity?
It's going to mean a lot for, uh, the students in New York City public schools. Uh, every little bit helps; $50,000 helps a lot more than that in terms of the work that New Visions for Public Schools is doing to try to support so many of those students, uh, and in such an important endeavor.
"The winner of Emmy, Peabody, DuPont, and Loeb awards, he's a co-anchor of CNBC's Squawk on the Street. From The Faber Report, here's..."
2012 Power Players Week winner: $50,000.
Playing for New Visions for Public Schools.
An Emmy, Peabody, duPont, Loeb Award winner and New York Times best-selling author, David Faber is a co-anchor of CNBC's Squawk on the Street (M-F 9am-12pm ET) and an anchor and co-producer of CNBC's acclaimed original documentaries and long-form programming.
During the day, Faber breaks news and provides in-depth analysis on a range of business topics during the Faber Report. In his 18 years at CNBC, Faber has broken many big financial stories including the massive fraud at WorldCom, the bailout of the hedge fund Long Term Capital Management, and Rupert Murdoch's unsolicited bid for Dow Jones.
Faber has reported nine documentaries for CNBC for which he has received Loeb, Emmy, Peabody and duPont awards.
His book, The Faber Report, was published by Little, Brown in Spring 2002. Faber's latest book, And Then the Roof Caved In, was published in the summer of 2009 by John Wiley.
He holds a bachelor's degree in English from Tufts University.