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Shepard Smith at Fox News Channel Studios in September 2019. Photo: Steven Ferdman/Getty Images

Longtime Fox News anchor Shepard Smith will join CNBC on July 13 ahead of the launch of his one-hour evening show, the network announced Wednesday.

The big picture: Smith left Fox News last year amid a growing rift between the cable network's daytime news anchors and primetime opinion hosts.

Details: The show, titled "The News with Shepard Smith", will air from 7pm to 8pm starting this fall, the network said.

  • Smith will take on the role of the network's chief general news anchor and chief breaking general news anchor, CNBC said in its release.
  • "Information is coming at us from every direction," CNBC chairman Mark Hoffman said in a statement. "If we're not careful life-altering decisions will be made based on half-truth, rumor, misdirection or worse. We aim to deliver a nightly program that, in some small way, looks for the signal in all the noise."

Go deeper

Chris Wallace: Trump "bears the primary responsibility" for debate

Fox News anchor Chris Wallace in an interview with his network Thursday said President Trump "bears the primary responsibility for what happened" at Tuesday night's debate, which at times turned incomprehensible.

Why it matters: Much of the national discussion after the hectic event has centered on whether Wallace failed to control the candidates, particularly Trump, whose interruptions set the tone for the night.

Dan Primack, author of Pro Rata
3 hours ago - Economy & Business

FTX CEO predicts more U.S. crypto flight

Photo: "Axios on HBO"

FTX doesn't look much like a company valued at $25 billion. Its new headquarters, located in a sleepy part of The Bahamas, is so nondescript as to not even have a sign. But it does expect to soon have neighbors.

Driving the news: Founder and CEO Sam Bankman-Fried tells "Axios on HBO" to expect "more and more crypto flight from the states" if the U.S. doesn't soon create a regulatory regime for cryptocurrencies.

Developed countries reveal $100 billion climate finance plan ahead of COP26

Alok Sharma, head of the UN Climate Summit in Glasgow, speaks in Paris on Oct. 12. ( Li Yang/China News Service via Getty Images)

After 12 years of fits and starts, industrialized nations on Monday put forward a detailed plan to provide at least $100 billion annually in climate aid to developing countries starting by 2023.

Why it matters: The plan, presented by representatives of Canada and Germany, is aimed at defusing one of the biggest sources of tension at COP26, which is the failure of industrialized nations to follow through on their financial commitments.