CNBC plans to welcome in the new year with “The Opening Bell Around the World,” extensive coverage of Y2K’s first trades from more than 175 markets in 35 financial capitals across 16 time zones, beginning as markets open internationally on Jan. 2.
The cable financial news network has allotted between $2 million and $3 million to the global financial news coverage, which will involve hundreds of regular CNBC news personnel in addition to more than 150 special correspondents and crews.
CNBC plans to provide live three-minute updates about the world’s markets twice an hour, with extended or continuous remote coverage as necessary should Y2K-related problems arise.
CNBC’s Ron Insana, Ted David, Martha MacCallum, Tyler Mathisen, Maria Bartiromo, Bob Sellers and Sue Herera will anchor “Opening Bell.” Kevin Magee is exec producing.
“With trillions of dollars at stake on the opening business day of the year 2000, viewers will rely on CNBC as their first and best source of worldwide financial information and insight,” said CNBC president William L. Bolster.