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Wednesday, May 25, 2011

CNBC's "Squawk on the Street" anchor, Mark Haines dies at 65

Photo Credit-CNBC Website
"Squawk on the Street" co-anchor
Mark Hines dies. Hines was 65 years

Co-anchor of CNBC's morning "Squawk on the Street" and a frequent guest on MSNBC’s “Morning Joe” Mark Haines as passed. He died unexpectedly on Tuesday, May 25th , the network said. He was 65.

CNBC stated he died in his home and specific cause of death was not disclosed. 

Haines worked at CNBC for 22 years after working as a news anchor at TV stations in Philadelphia, Penn, New York and Providence, Rhode Island.

Haines was the founding anchor of the network’s "Squawk Box" morning show. In 2005, he started co-anchoring "Squawk in the Morning," from 9AM-11AM, with Erin Burnett. Burnett recently left CNBC to host a general news show on CNN.

Video of CNBC's "Squawk in the Morning" Host Mark Haines and former Co-Host Erin Burnett, final show

CNBC President Mark Hoffman said Haines was "always the unflappable pro."

"He was an authentic voice in business media," said Eric Jackson, who runs the hedge fund Ironfire Capital. "He resonated with so many people because he would speak out, and with opinion. Too often the media lets the corporate PR army and highly trained CEOs get their points across without question. He wouldn't let that happen."

Haines, who also was an attorney, received a law degree from the University of Pennsylvania and was a member of the New Jersey State Bar Association, CNBC said.

"He was trained as an attorney," Ritholtz said. "He brought that keen lawyer's eye to everything he did. It wasn't something often seen in the financial media."

Haines is also remembered for calling a bottom to the stock market decline on March 10, 2009, his first call of the recession. The Dow Jones Industrial Average never closed below its level of March 9th.

Haines is survived by his wife, Cindy, his son, Matt, and daughter, Meredith. Funeral arrangements have yet to be made, CNBC stated.

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