Worldwide Exchange
Encyclopedia
Worldwide Exchange is a television business news program on CNBC
channels around the world. It is broadcast live from studios on three continents. The global program is anchored by Ross Westgate
in London
, Christine Tan
in Singapore
and various anchors in New York
. Michelle Caruso-Cabrera
served as the U.S.-based anchor from the show's launch until 2007-10-19, after which Brian Shactman
filled the role as a regular until 2009. Nicole Lapin
anchored from February 1, 2010 to August 2011. The show had used rotating U.S.-based anchors consisting of Shactman, Bertha Coombs
, Courtney Reagan & Scott Wapner. The program is produced by CNBC Europe
in London.
Billed as "the first ever global business news broadcast", Worldwide Exchange began its broadcast on 2005-12-19, and is the first CNBC program to be jointly produced by three of the network's regional channels. It airs from 4am to 6am ET
on the main CNBC channel
and CNBC World in the United States, 10am to noon CET
on CNBC Europe, and 4pm to 6pm (with DST
) or 5pm to 7pm (without DST) Hong Kong
/Singapore
/Taiwan
Time on CNBC Asia
. As a result of the success of Worldwide Exchange, a second joint production, Capital Connection, debuted on CNBC Europe and CNBC Asia on 2007-03-26.
Worldwide Exchange replaced Wake Up Call, an early morning pre-market program on CNBC US; Morning Exchange
, a mid-morning program on CNBC Europe; as well as Asia Market Wrap
and CNBC Tonight
on CNBC Asia, a daily wrap-up of the top business news in Asia.
, Europe
, and United States
, respectively, along with the headlines from each continent. A round-up of trading in Europe and Asia follows (normally including a look at the FTSE CNBC Global 300 Index, which was launched on the show on 2006-09-18), along with a look at US stock futures
. The top business stories in each continent are then narrated in turn.
The first half-hour also features the program's signature segment, the fast-paced "Global Stock Watch". Breaking news on European economic data is frequently covered 30 minutes into the show, and is followed by instant analysis with a guest. The remainder of the program consists largely of a mix of business headlines (which are repeated in the second hour), interviews with guests and issue-specific dispatches from CNBC reporters.
As of 2009, Worldwide Exchange features guest hosts in the second hour (and as of December 14, 2009, both hours) of the programme.
Two regular segments which appear towards the end of the broadcast are a preview of Squawk Box
, (which immediately follows Worldwide Exchange in the US and Asia), and the "US Lookahead."
At the end of the broadcast, before the three anchors sign off, the U.S. anchor takes a final look at US stock futures if time permits.
Additionally, the second hour of Worldwide Exchange is no longer broadcast on CNBC Asia.
The programme's previous graphics package, which included a new intertitle and a new voiceover introduction (but retaining the lower thirds from 28 July 2009 to 26 February 2010), debuted 14 December 2009. The current graphics package for this and all of the other CNBC Europe programmes, including the new lower thirds, debuted 1 March 2010. This new graphic style also debuted on CNBC US that same day.
), but is still relayed live on CNBC's US channel albeit without US presenters, as occurred on 26 November 2009. During some Asian holiday periods (such as May 1), no Asian presenters are featured, although it can still be seen in the region.
With the program's March 28, 2011 overhaul, it is unknown if either CNBC Asia or CNBC US will have the option produce the show during future European bank holidays.
CNBC
CNBC is a satellite and cable television business news channel in the U.S., owned and operated by NBCUniversal. The network and its international spinoffs cover business headlines and provide live coverage of financial markets. The combined reach of CNBC and its siblings is 390 million viewers...
channels around the world. It is broadcast live from studios on three continents. The global program is anchored by Ross Westgate
Ross Westgate
Ross Westgate is an English financial journalist for CNBC Europe in London, where he is a co-anchor of the global business news programme, Worldwide Exchange Ross Westgate is an English financial journalist for CNBC Europe in London, where he is a co-anchor of the global business news programme,...
in London
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
, Christine Tan
Christine Tan
Christine Tan is a Singaporean financial journalist with CNBC Asia and is the Singapore anchor for Worldwide Exchange, the global business-news program broadcasting live each weekday from Asia, Europe and the United States...
in Singapore
Singapore
Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...
and various anchors in New York
New York
New York is a state in the Northeastern region of the United States. It is the nation's third most populous state. New York is bordered by New Jersey and Pennsylvania to the south, and by Connecticut, Massachusetts and Vermont to the east...
. Michelle Caruso-Cabrera
Michelle Caruso-Cabrera
Michelle Caruso-Cabrera is an American business news General Assignment Reporter for CNBC television. She formerly co-hosted the Worldwide Exchange program airing from 4-6am ET . Caruso-Cabrera announced her departure from the show on 2007-10-19...
served as the U.S.-based anchor from the show's launch until 2007-10-19, after which Brian Shactman
Brian Shactman
Brian A. Shactman is an American journalist for CNBC, a United States business channel he joined in June 2007 as a general assignment reporter and substitute anchor for CNBC's Business Day Programming. He is now a co-anchor on Worldwide Exchange along with CNBC Europe's Ross Westgate in London and...
filled the role as a regular until 2009. Nicole Lapin
Nicole Lapin
Nicole Miriam Lapin is an anchor on CNN Live who regularly appeared on CNN Headline News, CNN, and CNN International. In January 2010, Lapin joined CNBC in New York as an anchor for Worldwide Exchange, joining CNBC Europe's Ross Westgate in London and CNBC Asia's Christine Tan in Singapore. She...
anchored from February 1, 2010 to August 2011. The show had used rotating U.S.-based anchors consisting of Shactman, Bertha Coombs
Bertha Coombs
Bertha Coombs Bertha Coombs is a general assignment reporter for CNBC, covering financial markets and business news stories throughout the business day...
, Courtney Reagan & Scott Wapner. The program is produced by CNBC Europe
CNBC Europe
CNBC Europe is a business and financial news television channel, the pan-European sister station of CNBC. The network is owned and operated by NBC Universal and headquartered in London, where it shares the Adrian Smith-designed 10 Fleet Place building with Dow Jones...
in London.
Billed as "the first ever global business news broadcast", Worldwide Exchange began its broadcast on 2005-12-19, and is the first CNBC program to be jointly produced by three of the network's regional channels. It airs from 4am to 6am ET
North American Eastern Time Zone
The Eastern Time Zone of the United States and Canada is a time zone that falls mostly along the east coast of North America. Its UTC time offset is −5 hrs during standard time and −4 hrs during daylight saving time...
on the main CNBC channel
CNBC
CNBC is a satellite and cable television business news channel in the U.S., owned and operated by NBCUniversal. The network and its international spinoffs cover business headlines and provide live coverage of financial markets. The combined reach of CNBC and its siblings is 390 million viewers...
and CNBC World in the United States, 10am to noon CET
Central European Time
Central European Time , used in most parts of the European Union, is a standard time that is 1 hour ahead of Coordinated Universal Time . The time offset from UTC can be written as +01:00...
on CNBC Europe, and 4pm to 6pm (with DST
Daylight saving time
Daylight saving time —also summer time in several countries including in British English and European official terminology —is the practice of temporarily advancing clocks during the summertime so that afternoons have more daylight and mornings have less...
) or 5pm to 7pm (without DST) Hong Kong
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
/Singapore
Singapore
Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...
/Taiwan
Taiwan
Taiwan , also known, especially in the past, as Formosa , is the largest island of the same-named island group of East Asia in the western Pacific Ocean and located off the southeastern coast of mainland China. The island forms over 99% of the current territory of the Republic of China following...
Time on CNBC Asia
CNBC Asia
CNBC Asia is a business news television channel in Asia. A subsidiary of NBC Universal, it is the Asian service of the Consumer News and Business Channel . Its programmes originate from Singapore, Hong Kong and Sydney and has bureaus in Tokyo and Seoul....
. As a result of the success of Worldwide Exchange, a second joint production, Capital Connection, debuted on CNBC Europe and CNBC Asia on 2007-03-26.
Worldwide Exchange replaced Wake Up Call, an early morning pre-market program on CNBC US; Morning Exchange
Morning Exchange (CNBC Europe)
Morning Exchange is a television business news programme aired on CNBC Europe from 10am to noon CET between June 2003 and December 2005...
, a mid-morning program on CNBC Europe; as well as Asia Market Wrap
Asia Market Wrap
Asia Market Wrap is a business news programme aired on CNBC Asia between1600-1800 Asia Market Wrap is a business news programme aired on CNBC Asia between1600-1800 Asia Market Wrap is a business news programme aired on CNBC Asia between1600-1800 (Hong Kong/Singapore/Taiwan time, until December...
and CNBC Tonight
CNBC Tonight
CNBC Tonight is a weeknight business news programme broadcast live from 1800 - 2000 HK/SG/TWN time on CNBC Asia from 16 February 2005 to 16 December 2005. It took the timeslot vacated by 3 former CNBC Asia programmes, Business Center, The Asian Wall Street Journal and e...
on CNBC Asia, a daily wrap-up of the top business news in Asia.
Original format (December 19, 2005 to March 11, 2011)
The program begins with the three anchors introducing themselves from AsiaAsia
Asia is the world's largest and most populous continent, located primarily in the eastern and northern hemispheres. It covers 8.7% of the Earth's total surface area and with approximately 3.879 billion people, it hosts 60% of the world's current human population...
, Europe
Europe
Europe is, by convention, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally 'divided' from Asia to its east by the watershed divides of the Ural and Caucasus Mountains, the Ural River, the Caspian and Black Seas, and the waterways connecting...
, and United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
, respectively, along with the headlines from each continent. A round-up of trading in Europe and Asia follows (normally including a look at the FTSE CNBC Global 300 Index, which was launched on the show on 2006-09-18), along with a look at US stock futures
Futures contract
In finance, a futures contract is a standardized contract between two parties to exchange a specified asset of standardized quantity and quality for a price agreed today with delivery occurring at a specified future date, the delivery date. The contracts are traded on a futures exchange...
. The top business stories in each continent are then narrated in turn.
The first half-hour also features the program's signature segment, the fast-paced "Global Stock Watch". Breaking news on European economic data is frequently covered 30 minutes into the show, and is followed by instant analysis with a guest. The remainder of the program consists largely of a mix of business headlines (which are repeated in the second hour), interviews with guests and issue-specific dispatches from CNBC reporters.
As of 2009, Worldwide Exchange features guest hosts in the second hour (and as of December 14, 2009, both hours) of the programme.
Two regular segments which appear towards the end of the broadcast are a preview of Squawk Box
Squawk Box
Squawk Box is a business news television program which airs at breakfast time on the CNBC network. The program is currently co-hosted by Joe Kernen, Rebecca Quick and Andrew Ross Sorkin. Since debuting in 1995, the show has spawned a number of versions across CNBC's international channels, many of...
, (which immediately follows Worldwide Exchange in the US and Asia), and the "US Lookahead."
At the end of the broadcast, before the three anchors sign off, the U.S. anchor takes a final look at US stock futures if time permits.
Current format (March 28, 2011 to present)
On March 28, 2011, Worldwide Exchange underwent a major overhaul. The first 50 minutes of the program is now initially broadcast from Asia and Europe, with the United States leg of the show starting at 50 minutes past the first hour. The three anchors are now together for just 20 minutes, from :50 past the first hour to :10 past the second hour. Also, the Asian leg of Worldwide Exchange is no longer featured after :10 past the second hour, to which the duration of the show is broadcast only from Europe and the United States from that point on.Additionally, the second hour of Worldwide Exchange is no longer broadcast on CNBC Asia.
Segments
Some of the regular segments on Worldwide Exchange include:- Global Stock Watch: This segment, seen after the first commercial break, begins with a summary of ongoing trading in the European markets, along the latest from CNBC Europe's reporters, followed by the final closing numbers in the Asian markets from a CNBC Asia reporter, and concluding with a look at the highlights of the U.S. corporate and economic diaries by the U.S. host. A second Global Stock Watch airs in the second hour as of mid-October 2007.
- Nikkei Business Report: A review of the trading day in JapanJapanJapan is an island nation in East Asia. Located in the Pacific Ocean, it lies to the east of the Sea of Japan, China, North Korea, South Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south...
and highlights of that day's Japanese corporate and economic diaries. Reporters include Ken Moriyasu and Nozomu Kitadai. - India Business Report: A review of the trading day in IndiaIndiaIndia , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
and highlights of that day's Indian corporate and economic diaries. Reporters include Ayesha FaridiAyesha Faridi-Education and career:She is a journalist by training, having graduated from Delhi University...Prior to joining CNBC TV18, she has worked as a reporter and producer with the BBC World Service and MTV India....
of CNBC-TV18CNBC-TV18CNBC-TV18 is a business news channel broadcast in India based in Mumbai. The channel was launched in India on December 7, 1999. It was the first business news channel launched in India and still the leads that genre....
. - Market Call: Seen during the second hour with a guest, who picks stocks from around the globe.
- CEO Call: In this segment, all three anchors interview the CEOChief executive officerA chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...
of a notable company. - Exchange Central: This segment, which was introduced on March 28, 2011, is when the anchors look at the day's top business stories, as well as a brief look at the day's morning papers.
- U.S. Lookahead: A preview of the day's trading in the U.S. stock markets with a guest. Normally the last segment of the program.
Graphics
Program producer CNBC Europe developed a new graphic style for the launch of the show on 2005-12-19, similar to that introduced across CNBC US on the same date. These graphics were initially used only on Worldwide Exchange, before being rolled out to all other CNBC Europe programs on 2006-09-18 and were used through 2008-01-04. The previous lower thirds, which were first used across CNBC US on 2006-12-19, were used on Worldwide Exchange (and all other CNBC Europe programs) from 2008-01-07 to 2009-07-24.The programme's previous graphics package, which included a new intertitle and a new voiceover introduction (but retaining the lower thirds from 28 July 2009 to 26 February 2010), debuted 14 December 2009. The current graphics package for this and all of the other CNBC Europe programmes, including the new lower thirds, debuted 1 March 2010. This new graphic style also debuted on CNBC US that same day.
Tickers
The respective regional tickers are retained in each of the channels during the broadcast, except for CNBC World, which features the CNBC Europe ticker to show that the programme is produced by the said network. CNBC HD+ used to show the CNBC Europe ticker until August 8, 2011.Market holidays
On European bank holidays, CNBC Asia has the option of producing the program instead, as occurred on 26 December 2007, 24 March 2008 and 6 April 2010. Alternatively, the show is simply not aired (as is the case on Christmas and New Year's Day). When the US markets are closed for a holiday while the Asian and European markets are open, Worldwide Exchange is broadcast live from Asia and Europe (similar to Capital ConnectionCapital Connection (TV series)
Capital Connection is a television business news programme aired every weekday on various CNBC channels around the world. It is broadcast live from both CNBC Asia's studios in Singapore and from CNBC Europe's studios in London. This programme, which is anchored by CNBC Asia's Chloe Cho and CNBC...
), but is still relayed live on CNBC's US channel albeit without US presenters, as occurred on 26 November 2009. During some Asian holiday periods (such as May 1), no Asian presenters are featured, although it can still be seen in the region.
With the program's March 28, 2011 overhaul, it is unknown if either CNBC Asia or CNBC US will have the option produce the show during future European bank holidays.
See also
- Asia Market WrapAsia Market WrapAsia Market Wrap is a business news programme aired on CNBC Asia between1600-1800 Asia Market Wrap is a business news programme aired on CNBC Asia between1600-1800 Asia Market Wrap is a business news programme aired on CNBC Asia between1600-1800 (Hong Kong/Singapore/Taiwan time, until December...
- CNBC TonightCNBC TonightCNBC Tonight is a weeknight business news programme broadcast live from 1800 - 2000 HK/SG/TWN time on CNBC Asia from 16 February 2005 to 16 December 2005. It took the timeslot vacated by 3 former CNBC Asia programmes, Business Center, The Asian Wall Street Journal and e...
- Morning ExchangeMorning Exchange (CNBC Europe)Morning Exchange is a television business news programme aired on CNBC Europe from 10am to noon CET between June 2003 and December 2005...
- Wake Up Call
- Capital ConnectionCapital Connection (TV series)Capital Connection is a television business news programme aired every weekday on various CNBC channels around the world. It is broadcast live from both CNBC Asia's studios in Singapore and from CNBC Europe's studios in London. This programme, which is anchored by CNBC Asia's Chloe Cho and CNBC...
(a CNBC Asia-produced program anchored from two continents, which follows a similar format) - Fox Business MorningFox Business MorningFox Business Morning was an early morning business newscast that aired on the Fox Business Network from 5-7am Eastern Time. Anchored by Jenna Lee and Connell McShane, it was the first show to be aired on the network when it launched October 15, 2007...
(an early morning business news program aired on the Fox Business NetworkFox Business NetworkFox Business Network is an American cable news and satellite news television channel that began broadcasting on October 15, 2007. It is owned by the Fox Entertainment Group, part of Rupert Murdoch's News Corporation...
from 5-6 AM ET)