Trader Talk with Bob Pisani

Bob Pisani

Bob Pisani
CNBC "On-Air Stocks" Editor

A CNBC reporter since 1990, Bob Pisani has covered Wall Street and the stock market for nearly 20 years. Pisani covered the real estate market for CNBC from 1990-1995, then moved on to cover corporate management issues before becoming Stocks Correspondent in 1997.

In addition to covering the global stock market, he also covers initial public offerings (IPOs), exchange-traded funds (ETFs) and financial market structure for CNBC.

In 2013, he won Third Place in the National Headliner Awards in the Business and Consumer Reporting category for his documentary on the diamond business, "The Diamond Rush."

In 2014, Pisani was honored with a Recognition Award from the Market Technicians Association for "steadfast efforts to integrate technical analysis into financial decision making, journalism and reporting."

Prior to joining CNBC, Pisani co-authored "Investing in Land: How to Be a Successful Developer." He and his father taught a course in real estate development at the Wharton School of Business at the University of Pennsylvania from 1987-1992. Pisani learned the real estate business from his father, Ralph Pisani, a retired real estate developer.

Follow Bob Pisani on Twitter @BobPisani.

More

  • Fed Chief Ben Bernanke kicked the ball into the court of President Obama and the Congress: "Most of the economic policies that support robust economic growth in the long run are outside the province of the central bank..." In other words, he's telling the executive and legislative branches to do their job.

  • Next up, locusts. An earthquake and a hurricane in New York...all in one week? The Mayans might have been right.

  • The NYSE tells me and my producer Robert Hum that they plan to be open on Monday, but they have the usual contingency plans in place for an emergency.

  • Richard Medley, head of RHM Global and a strategist who publishes influential intelligence reports, was on our air with me a short time ago. He says Mr. Bernanke won't make any new policy pronouncements because he simply will not have the support from the rest of the 11-member FOMC.

  • Many traders are citing a comment from German Finance Minister Wolfgang Schaeuble that the deal between Greece and Finland that provided collateral to Finland to support the Greek bailout was "off the table."

  • Calm European banks = Calm U.S. open. For three weeks, there has been a simple, unfailing indicator for pre-open trading in the U.S.: European banks immediately after the European open. Today, those banks are for the most part fractionally to the upside, as is our market.

  • Either stocks are being permanently abandoned as an asset class, or there is an allocation opportunity here.

  • Gold weak for a second day, is anyone surprised? Gold went parabolic in the last two months: $1,600 to $1,900 in two months? Even professional traders were scratching their heads. Here's the simple truth...

  • earnings_central_badge.jpg

    S&P futures jumped nearly 10 points as July durable goods were far stronger than expected, in fact, at a gain of 4 percent, was more than twice consensus, and the June numbers were revised upward as well.

  • Let's not call it "risk on" — but the markets acted something like that, as commodities and commodity stocks had legs all day.

  • Bob Pisani

    A CNBC reporter since 1990, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.

Wall Street