Rick Santelli

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Rick Santelli
GI 0 Santelli.Rick1-1-.jpg
Occupation On-air Reporter
Employer CNBC
Location Chicago, IL
Website www.cnbc.com

Rick Santelli is on on-air reporter at CNBC Business News. He joined CNBC as on-air editor in June 1999. He reports live from the floor of the Chicago Board of Trade, focusing on interest rates, foreign exchange, and the Federal Reserve. He has been a member of both the Chicago Mercantile Exchange and the Chicago Board of Trade.[1]

Background

Santelli has reported on the markets live and in print and on local and national radio and television. He joined CNBC from Sanwa Futures, L.L.C., where he was a vice president handling institutional trading and hedge accounts for a variety of futures related products.[2]

Before that, Santelli worked as vice president of institutional futures and options at Rand Financial Services, Inc., as managing director at the derivative products group of Geldermann, Inc., and was Vice President in charge of interest rate futures and options at the Chicago Board of Trade for Drexel Burnham Lambert.

He began his career in 1979 as a trader and order filler at the Chicago Mercantile Exchange in a variety of markets including gold, lumber, CD's, T-bills, foreign currencies and livestock.

In February of 2009, Santelli's self-described rant during a segment on CNBC, broadcast from the floor of the CME Group, bemoaned that “the government is promoting bad behavior” with President Barack Obama’s mortgage bailout plan. His rant created a viral sensation that drew a rebuke from a White House spokesman.[3]

Education

Santelli is a graduate of the University of Illinois Champaign/Urbana with a Bachelor of Science degree.

References

  1. Rick Santelli Profile. CNBC.
  2. Talking Heads from Chicago. Derivatives Strategy.
  3. Rant raises profile of CNBC on-air personality Rick Santelli. Chicago Suntimes.