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PASSINGS: Mark Haines

Mark Haines, co-anchor of CNBC's 'Squawk on the Street' show, dies at 65

May 26, 2011
  • CNBC's Mark Haines is known by many for calling a bottom to the stock market decline of the recession on March 10, 2009. So far, he was right.
CNBC's Mark Haines is known by many for calling a bottom to the stock… (Associated Press )

Mark Haines

Co-anchor of 'Squawk on the Street'

Mark Haines, 65, co-anchor of CNBCs morning "Squawk on the Street" show and one of the business news network's most recognized faces, died unexpectedly Tuesday evening at home, the network announced in New York. It did not specify the cause.

Haines joined CNBC in 1989 and was a founding anchor of the "Squawk Box" morning show in August 1995, when the Dow Jones Industrial Average was about 4,600. He told the Chicago Tribune in 2001 that the ensuing boom years — in which the Dow tripled — were a heyday for his business, at least until stock-market losses and widespread layoffs made business news gloomy again.

"Now I hear it from viewers who say they can't stand it anymore," he told the newspaper. "They say they can't watch it."

Haines is remembered by many for calling a bottom to the stock market decline on March 10, 2009, his first call of the recession. The Dow Jones Industrial Average hasn't closed below its level of March 9, 2009.

Haines had a law degree from the University of Pennsylvania and was a member of the New Jersey State Bar Assn., CNBC said.

Before joining CNBC, Haines worked as a news anchor at TV stations in Philadelphia, New York and Providence, R.I.

-- Los Angeles Times staff and wire reports

news.obits@latimes.com

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