David Faber Profile Banner
David Faber Profile
David Faber

@davidfaber

280,238
Followers
526
Following
157
Media
3,480
Statuses

Yes, I've been doing this a long time. No, I don't dye my hair.

CNBC
Joined May 2010
Don't wanna be here? Send us removal request.
@davidfaber
David Faber
2 years
Elon Musk is now in charge at Twitter. I'm told former CEO @paraga and CFO @nedsegal have left the company's HQ and will not be returning as the Musk era begins.
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@davidfaber
David Faber
1 year
Me and the Cybertruck getting ready for the Tesla annual meeting and my upcoming interview with CEO ⁦ @elonmusk ⁩ tonight at 6pm Eastern on ⁦ @CNBC ⁩ .
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@davidfaber
David Faber
3 years
After 14 months apart we are together again! And soon together at work as well. Thank you vaccines! ⁦ @SquawkStreet
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@davidfaber
David Faber
7 months
My first six month renewal (note the lawyer). Thirty years later I'm still at it (thankfully without 6 month cycles). I am grateful for all your wonderful expressions of support today on X which reminded me how lucky I am to be working for what is unquestionably the best…
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@davidfaber
David Faber
1 year
My full interview with @elonmusk can be found here:
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@davidfaber
David Faber
5 years
@AOC You pose this as a victory, but who are its beneficiaries? NY forfeits a chance to become a major tech hub, loses tens of thousands of jobs and tens of billions of dollars in tax revenues that could fund programs you support. How is that a victory?
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@davidfaber
David Faber
4 years
Steve Cohen has entered exclusive negotiations to buy the NY Mets and is expected to reach a deal to purchase the team within days, according to people familiar with the process. Other bidders, including the group led by Alex Rodriguez, are no longer in pursuit of the club.
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@davidfaber
David Faber
3 years
NYC losing another iconic restaurant: The 21 Club has told its 148 employees it has ceased operations indefinitely and they will be terminated March 9 of next year.
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@davidfaber
David Faber
8 months
After face to face meeting today, writers and producers near agreement to end WGA strike. Met today and hope to finalize deal tomorrow, according to people close to the negotiations, who, while optimistic, warn that without deal tomorrow strike likely continues through year end.
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@davidfaber
David Faber
3 years
What an amazing week! My thanks to the incredible team @Jeopardy , all the contestants (with a big shout out to 13 game champion @AmodioMatt ) and to the show's fans for their amazing support all week. It's an experience I will never forget!
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@davidfaber
David Faber
2 years
Ford is selling 8m of its Rivian shares through Goldman as insider lockup for stock of once high-flying EV maker expires tomorrow. Ford currently owns 102m shares.Sources also tell me JP Morgan selling a 13-15m share block for unknown seller. Both blocks priced at $26.90.$RIVN
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@davidfaber
David Faber
1 year
Getting ready to come in and bring the heat.
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@davidfaber
David Faber
3 years
He is the least well known out of an incredible group of guest hosts, but promises not to disappoint Jeopardy's many fans. Correct response" This guy!
@Jeopardy
Jeopardy!
3 years
We can finally tell you! Here is the final group of guest hosts to close out Season 37: • Robin Roberts • George Stephanopoulos • David Faber • Joe Buck • LeVar Burton!
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@davidfaber
David Faber
5 years
A terrible day for NYC and one we may look back on with great regret during the next economic downturn.
@CNBC
CNBC
5 years
Amazon says it will not build a headquarters in New York after mounting opposition, Reuters reports
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@davidfaber
David Faber
3 years
Had my first up close and personal with the Lucid Air (Dream Edition) thanks to Peter Rawlinson bringing it by for @MadMoneyOnCNBC Unfortunately CNBC policy prevented a test drive. X
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@davidfaber
David Faber
3 years
45m $VIAC for sale tonight as liquidation of one or more hedge funds continues. How this enormous position could have been amassed without any disclosure is a mystery. But one mystery solved: now we know where all the buying was coming from.
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@davidfaber
David Faber
1 year
Follow up. I did not bring the heat.
@davidfaber
David Faber
1 year
Getting ready to come in and bring the heat.
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@davidfaber
David Faber
2 years
Equity investors in Elon Musk's take private of Twitter have received paperwork from his lawyers at Skadden Arps in order to prepare for closing the deal. It's another sign deal is on track for Friday close. $TWTR
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@davidfaber
David Faber
5 years
@AOC Are you opposed to the incentives Amazon is receiving or simply to it becoming a significant employer in NYC? Why rejoice at the loss of jobs, economic activity and tax revenues that help fund the services that all New Yorkers (including your constituents) rely on?
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@davidfaber
David Faber
3 years
Carnage in $VIAC may not be done. Hearing another $2b block of shares being shopped tonight as liquidation of one or more hedge funds continues.These were the buyers sending $VIAC and $DISCA up over these last 2 months. Buying on swap, using enormous leverage and somehow unknown.
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@davidfaber
David Faber
1 year
Bob Iger is back as Disney CEO after rising tensions amongst top management at the company led the board to oust his successor Bob Chapek. @jimcramer and I will have a lot more on this tomorrow on @SquawkStreet
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@davidfaber
David Faber
3 years
Congrats from this old man swimmer to the GOAT!
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@davidfaber
David Faber
2 years
Been a double phone kind of day and I’m still getting nowhere. Just left waiting on an amended 13-D filing from Musk to finally see this letter of capitulation.
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@davidfaber
David Faber
5 years
14 years of brawling with corporate America and all @Carl_C_Icahn has to show for it is the same return as the S&P. His funds' gross return from 11/04 through end of Q3'18 was 128% or 6.1% annually (as per IEP filing). S&P returned 6.2% annually before dividends for same period.
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@davidfaber
David Faber
3 years
Yes, those are the clues in my hand as EP @MRichTV gives me a last minute pep talk. Humbled and excited to deliver those clues this week on @Jeopardy
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@davidfaber
David Faber
3 years
For weeks as $VIAC and $DISCA went parabolic and seemingly outpaced all fundamentals I struggled to find out who the buyer was. Even the companies did not know. Now it seems possible more than 10% of $VIAC stock was owned by one fund on swap and not reported.
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@davidfaber
David Faber
4 years
I can confirm NY Post story that hedge fund titan Steve Cohen has ended negotiations to buy the NY Mets. Cohen and Wilpons would not confirm directly citing NDA but numerous sources close to the process and Cohen tell me Wilpons tried to retrade deal and he is walking.
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@davidfaber
David Faber
5 years
@AOC Amazon would not receive the vast majority of any incentives if it did not meet the job targets. As to "actual NYers" getting the jobs, are you advocating closing the city to any who would come here for a career? They won't be actual NYers with actual jobs paying actual taxes?
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@davidfaber
David Faber
3 years
There's a comparison I didn't see coming.
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@davidfaber
David Faber
6 years
A quarter century moves fast when you are having fun. But sorry about those ties (and hair cuts). So lucky to have such amazing colleagues, speaking of which @toddbonin almost got a first from me today with that surprise of my family. But there is no crying in business TV!
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@davidfaber
David Faber
4 years
I have reason to believe that tomorrow morning will be an interesting one.
@CNBCnow
CNBC Now
4 years
BREAKING: U.S. 10-year Treasury yield plunges below 0.5%
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@davidfaber
David Faber
2 years
If you are looking for a sign of Omicron’s retreat in NYC this is a pretty good one. No one in line for testing when not long ago it stretched down the block. I doubt it will mean anyone is coming back to the office anytime soon but a good sign none the less.
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@davidfaber
David Faber
4 years
No ⁦ @jimcramer ⁩ is not on his way to the airport. He lugs that case with him every day but recently moved to wheels from a backpack because 50 pounds takes a toll. Take note of the George Costanza size wallet in the outside pocket.
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@davidfaber
David Faber
6 years
@elonmusk and SEC reach settlement on fraud charges filed Thursday. Settlement will keep Musk CEO but force him to resign within 45 days as Chairman for 3 years, pay $20m fine and have Tesla appoint 2 new ind. directors and also pay $20m fine- sources.
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@davidfaber
David Faber
5 years
If Chairman Powell should ever find himself unexpectedly out of work I think he should start a podcast. He has a mellifluous voice that is calming even as the market is decidedly not.
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@davidfaber
David Faber
2 years
Chancellor McCormick denies motion to quash Twitter's subpoena of Musk friend David Sacks, calling out his unusual response to receiving the subpoena.
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@davidfaber
David Faber
3 years
Plot thickens.
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@davidfaber
David Faber
3 years
Who is running this clown show?
@nahmias
Laura Nahmias
3 years
Mayor @BilldeBlasio says NYC has 270,000 unused doses that could go to people over 75, age cohort likeliest to die from the disease, and 560,000 people in NYC over age 75. Asking state for permission to use those extra doses for the elderly.
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@davidfaber
David Faber
2 years
No that’s not an album cover, but part of our great team after we wrapped shooting in the Permian Basin for our documentary Exxon Mobil at the Crossroads. Hope you’ll watch on CNBC at 8pm EST tonight!
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@davidfaber
David Faber
4 years
So rare to see two executives come on CNBC and admit they did not get it right. Kudos to Jeffrey Katzenberg and @MegWhitman for admitting failure and moving on. Wish more ceo's would do the same (though, to be fair, easier to do as Quibi was not a public company).
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@davidfaber
David Faber
3 years
Congrats on your amazing championship run on @Jeopardy @AmodioMatt If and when it ends I hope you will join us on @SquawkStreet to discuss what you will be doing with your impressive winnings. I know @jimcramer has some good ideas.
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@davidfaber
David Faber
4 years
Stories I otherwise would have covered this week: Xerox drops hostile bid for HP. Warner Media appoints Jason Kilar as CEO. FTC sues Altria to unwind its purchase of 35% of Juul. Softbank walks away from WeWork tender. Oracle raises $20b in bond market. And so many more.
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@davidfaber
David Faber
2 years
Microsoft to buy Activision for $95 a share in cash ($80B). Deal to be announced shortly.
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@davidfaber
David Faber
4 years
It may be the best of very bad choices but the idea of a two week holiday that includes market closures is one I continue to hear from many in the financial community. Secretary Mnuchin disagreed with the idea last Friday but events can change opinions.
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@davidfaber
David Faber
2 years
Hedge fund Melvin Capital reverses course on plan to erase high water mark by returning capital and starting anew. Plotkin admits he was “tone deaf”.
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@davidfaber
David Faber
4 years
LVMH has reached a deal to acquire Tiffany for $135 a share in cash. Tiffany board meeting later today to approve- sources.
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@davidfaber
David Faber
5 years
My day has been made and it's only 9 am.!
@JeremySchaap
Jeremy Schaap
5 years
Thor, aka @Noahsyndergaard , at home, getting his morning stock tips from Mets fan @davidfaber ...
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@davidfaber
David Faber
3 years
Fed right now.
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@davidfaber
David Faber
5 years
Disney actively evaluating international rollout of Hulu.
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@davidfaber
David Faber
4 years
@AOC 1500 jobs is great, but it's not 25K or a HQ for one of the largest cos. in the world or a campus in Queens the building and servicing of which would have created 1000s of new jobs for your constituents. And don't forget Manhattan's Hudson Yards received nearly $6b in tax breaks.
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@davidfaber
David Faber
2 years
Looks like I will be talking a lot about Delaware law starting on Monday’s ⁦ @SquawkStreet
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@davidfaber
David Faber
1 year
UBS deal to acquire CS gives UBS freedom to run the acquired assets any way it sees fit, allowing for what may be significant job cuts both in Switzerland and at the U.S. investment bank.
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@davidfaber
David Faber
2 years
Oracle expected to announce acquisition of Cerner tomorrow morning in all cash deal for "mid 90's" per share, according to sources. $ORCL, $CERN WSJ reported talks late last week.
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@davidfaber
David Faber
1 year
Could be a busy Monday morning for M&A with possible Amgen deal for Horizon ($HZNP) and Thoma Bravo deal for Coupa ($COUP) (per Bloomberg). I'm hearing possible Coupa sale price is $81, but we shall see if we get an announcement.Tune in to @SquawkStreet to find out.
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@davidfaber
David Faber
7 years
Deal terms to keep Carrier jobs in Indiana include new inducements from state. Deal spear headed by former Indiana Gov Pence.
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@davidfaber
David Faber
6 years
IBM to pay $190 a share in cash for Red Hat or roughly $34b. Deal to be announced shortly- sources. $RHT, $IBM
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@davidfaber
David Faber
3 years
CS not done yet. Selling 19m shares of $DISCA and 22m shares of $DISCK, according to traders.
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@davidfaber
David Faber
4 years
Some intern in the mayor's office with a degree in philosophy has been tasked with delivering the daily weather tweet.
@NYCMayorsOffice
NYC Mayor's Office
4 years
Today’s weather won’t be much better than yesterday’s, but it also won’t be much worse. Sometimes that’s the best we can hope for. Take it as a win. Expect clouds, but no rain until late this evening. The high is 43 degrees.
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@davidfaber
David Faber
1 year
Material adverse change clause in UBS purchase of CS that voids deal if CS credit default swaps jump by over 100bp has also been removed, according to sources.
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@davidfaber
David Faber
4 years
Luckin Coffee forms special committee to investigate "fabricating of certain transactions" from q2-q4 of 2019 that totaled roughly $310M (by my currency conversion). Stock is in freefall. $LK
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@davidfaber
David Faber
7 years
justice
@JonHealy
Jon Healy
7 years
Adult @LAClippers fan is a dick to kid in fun quarter-time race. @utahjazz mascot DEE-STROYS him. Kid wins race. #NBAPlayoffs2017
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@davidfaber
David Faber
2 years
With $COMP down 29% for the year the hedge fund bros. affirmation now a daily ritual.
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@davidfaber
David Faber
1 year
Amazing group of WWII vets here on the floor of the NYSE.
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@davidfaber
David Faber
7 years
Trump Admin and $UTX reach agreement on keeping close to 1000 factory jobs in Carrier plant in Indiana- sources.
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@davidfaber
David Faber
28 days
First earthquake. Hope it’s the last.
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@davidfaber
David Faber
3 years
Yes, 21 Club closing and firing it employees is very sad. But it is not bankrupt. It is owned by Belmond, which is owned by LVMH which is controlled by one of the world's wealthiest men (Bernard Arnault). And so I won't give up hope it will one day re-open.
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@davidfaber
David Faber
3 years
Bezos had a pretty good run
@charliebilello
Charlie Bilello
3 years
Amazon Net Income (Millions)... '20: 21,309 '19: 11,620 '18: 10,070 '17: 3,033 '16: 2,371 '15: 596 '14: -241 '13: 274 '12: -39 '11: 631 '10: 1,152 '09: 902 '08: 645 '07: 476 '06: 190 '05: 359 '04: 588 '03: 35 '02: -149 '01: -567 '00: -1,411 '99: -720 '98: -125 '97: -31 $AMZN
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@davidfaber
David Faber
4 years
Thank you Jack Ma and and thank you Joe Tsai.
@NYGovCuomo
Archive: Governor Andrew Cuomo
4 years
We finally got some good news today. The Chinese government helped facilitate a donation of 1,000 ventilators that will arrive in JFK today. I thank the Chinese government, Jack Ma, Joe Tsai, the Jack Ma Foundation, the Tsai Foundation and Consul General Huang.
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@davidfaber
David Faber
6 years
I always thought it was a bad sign that they called me Dave.
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@davidfaber
David Faber
3 years
John Malone is buying "hard" assets to prepare for currency devaluation. The entire interview can be found here:
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@davidfaber
David Faber
2 years
Worth noting in his latest 13D filing on Twitter, Elon Musk's $54.20 takeover bid for the company is no longer subject to business due diligence, meaning in the unlikely event the board were to say yes, the deal could get done very quickly.
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@davidfaber
David Faber
4 years
The virus hit Queens hard. Those Amazon jobs Rep. Alexandria Ocasio-Cortez helped drive away would be nice to have right now, writes @MCaruso_Cabrera
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@davidfaber
David Faber
3 years
@jimcramer We have been facing off for a long time....better ties now.
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@davidfaber
David Faber
2 years
@jimcramer Get back to gardening! I want to see those knees dirty.
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@davidfaber
David Faber
8 months
@DivesTech ⁩ always brightens our day.
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@davidfaber
David Faber
1 year
The $30b in deposits coming from this consortium of banks will be obligated to stay at First Republic for 120 days and earn interest at the same rate that is delivered to all current depositors. Also note BONY and State St have replaced M&T and Capital One. $FRC
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@davidfaber
David Faber
1 year
UBS deal for CS is close (as many have reported) but will be for "substantially" more than 1b Swiss francs, according to people close to the negotiations.
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@davidfaber
David Faber
6 years
The matches were great but for this old swimmer the highlight of my U.S. Open visit was meeting the incomparable ⁦ @katieledecky
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@davidfaber
David Faber
4 years
Looks like Kodak director Gerorge Karfunkel is no longer the largest holder of Kodak shares. 13d filed today has him reducing stake from 15.5% to 4.4% as of July 29th ($KODK closed at $33.20 that day). He donated 3m shares to congregation Chemdas Yisroel, according to 13d.
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@davidfaber
David Faber
6 years
Every time I hear experts discuss the outcome of the U.S./China trade dispute I am reminded of this quote from the screenwriter William Goldman: “Nobody knows anything...... Not one person in the entire (motion picture) field knows for a certainty what's going to work."
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@davidfaber
David Faber
6 years
I'm sure this has nothing to do with its pending litigation with the DOJ over the Time Warner deal.
@CNBCnow
CNBC Now
6 years
JUST IN: AT&T announces it will "pay a special $1,000 bonus to more than 200,000 AT&T U.S. employees" due to tax reform passage and will also increase US capital spending by $1 billion.
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@davidfaber
David Faber
4 years
With all these CEO's getting fired I just got carried away. Thanks to everyone for their concern, and to reiterate, I am not going anywhere (other than on vacation next week).
@ScottWapnerCNBC
Scott Wapner
4 years
Major Development: @davidfaber un-fires self. Says will return next year after all. And next week. And next block.
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@davidfaber
David Faber
7 months
WGA negotiating committee tells members it has reached tentative agreement in principal on new contract. Calls deal "exceptional" in delivering meaningful gains and protections. Leadership vote on new deal scheduled for Tuesday. Members have been told, while strike not officially…
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@davidfaber
David Faber
2 years
What we discuss is that Musk never should have filed a 13-g because this was not a "passive" stake. If filed as a D on 3/24, as would have been appropriate, it would alerted the market sooner and have cost Musk more money to continue building position as @dkbilson notes.
@SquawkStreet
Squawk on the Street
2 years
$TWTR stock is up after yesterday's news of $TSLA CEO Elon Musk joining the board of directors. @JimCramer and @DavidFaber analyze Musk's recent moves @CNBC
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@davidfaber
David Faber
2 years
Big decline in $JD and $BABA appears related to naming of first 5 Chinese ADR's by SEC in the 3 years de-listing process established by the Holding Foreign Companies Accountable Act, which requires mainly China based registrants to disclose government control and influence.
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@davidfaber
David Faber
6 years
Musk, SEC settlement is on almost ide rival terms to deal he recently rejected. It will require him to neither admit nor deny guilt. It will require he step down for 3 years as Chairman (1st deal was 2). And pay $20m fine.
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@davidfaber
David Faber
5 years
@GatorCoder @AOC @CNBC I would welcome her as a guest on CNBC to help me understand the opposition to Amazon HQ in a city with a budget of $92b that relies on property, income and sales taxes to fund the bulk of expenditures and employ the 300K people on the city's payroll, including her constituents.
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@davidfaber
David Faber
4 years
A point of vital information, one would think, though currently contradicted by CDC guidelines. If true, should erase some concern about re-opening schools etc. in the fall.
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@davidfaber
David Faber
3 years
CS trying to unload more of its holdings from Archegos unwind. 34m shares of $VIAC for sale, 14m shares of $VIP and 11m shares of $FTCH, according to traders.
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@davidfaber
David Faber
6 months
Watch CNBC's full interview with Liberty Media's John Malone on interest rates and industry outlook My complete interview with John Malone. If you’ve got one hour and eleven minutes to spare it’s worth your time.
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@davidfaber
David Faber
4 years
The truck deliveries never stop. The boxes pile up and the shrink wrap becomes an urban tumbleweed blowing through our streets. I applaud ⁦ @JeffBezos ⁩ for his effort to combat climate change, but someone at Amazon needs to figure out a better way to package and dispose.
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@davidfaber
David Faber
2 years
"There is no model for what X can become", says one email. This latest round of fevered fundraising seems focused on recruiting Musk believers with the promise that twitter (soon to be super-app X) can become a "multi-hundred billion dollar company."
@SquawkStreet
Squawk on the Street
2 years
. @davidfaber brings us the latest on $TWTR as firms seek to raise equity for @elonmusk 's acquisition of the company.
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@davidfaber
David Faber
6 years
Total severance package available to Moonves upon exit was $140m minus $20m donation to Me Too movement. But given he only gets that $120M if cleared once CBS investigation concludes it seems unlikely he will receive anything. $CBS
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@davidfaber
David Faber
11 months
My full interview with PGA Commissioner Jay Monahan and the PIF Governor Yasir Al-Rumayyan on the shocking tie up between LIV Golf and the PGA.
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@davidfaber
David Faber
5 years
So let me get this straight. Apple's new streaming service is Apple Plus and Disney's forthcoming streaming service is Disney Plus not to mention @RobertIger sits on Apple's board.
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@davidfaber
David Faber
4 years
Kodak may not get its $765m loan after all. Recall the DFC, an entity charged with helping developing countries, had its charter revised by executive order (May 14) to allow for loans within the U.S that help the response to Covid or help secure important supply chains.
@DFCgov
DFCgov
4 years
On July 28, we signed a Letter of Interest with Eastman Kodak. Recent allegations of wrongdoing raise serious concerns. We will not proceed any further unless these allegations are cleared.
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@davidfaber
David Faber
7 years
I already sit with my back against the wall when I eat out.
@nytimes
The New York Times
7 years
President Trump calls the news media the "enemy of the American people"
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@davidfaber
David Faber
5 years
@SaraEisen I was thrown into a hypnotic state by your report on Under Armour and lost my equilibrium.
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@davidfaber
David Faber
10 years
Comcast to buy Time Warner Cable in all stock deal worth $159 per $TWC share- sources. Deal set for tomorrow morning. Ratio is 2.875 $CMCSA.
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@davidfaber
David Faber
11 months
Trading desk color on Cava IPO: 30x oversubscribed 400 orders in the book Top 20 accounts represent 80% of allocation. Remember: Significant oversubscription is no guarantee of positive price action.
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