CNBC's Rick Santelli to Retire After 27 Years

Rick Santelli, a longtime CNBC economic-indicators analyst, is retiring from the network on October 2 after more than 27 years. Santelli has been a fixture of CNBC's coverage of financial markets and has been known for his passionate and sometimes contentious on-air presence.

Santelli has been with CNBC since 1999, primarily holding forth from the Chicago Board of Trade, where he would analyze regular federal economic statistics. He first appeared as a guest on CNBC in 1994 and has been a regular presence on the network ever since.

Before joining CNBC, Santelli worked at the Chicago Mercantile Exchange in 1979 and later held roles in futures, options, and institutional trading. He has also been known for his heated exchanges with his CNBC colleagues, including a notable clash with Andrew Ross Sorkin in 2020 over comments about the coronavirus pandemic.

Santelli's on-air criticism of the Obama administration's housing rescue plan in 2009 became associated with the emerging Tea Party movement. He has been a popular and recognizable personality on the network, known for his plain-spoken but passionate takes on the effects of federal policy on average Americans.

CNBC plans to celebrate Santelli's career on air in the weeks leading up to his departure. His last day on air will be the first Friday of October, and he will return to the network as a contributor after his retirement.

## Why it matters Santelli's retirement marks the end of an era for CNBC, which has relied on his analysis of monthly jobs reports and other key benchmarks. His departure will be felt by the network and its viewers, who have come to appreciate his unique perspective and passionate commentary. As a contributor, Santelli will continue to bring his expertise and experience to the network, albeit in a reduced capacity.