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.


  • A lot of attention being paid to MF Global's bankruptcy this morning and to whether CEO Jon Corzine will be leaving or not, and whether his expected $12.1 million payout is excessive or not. But there's a lot more talk about Nabors CEO Eugene Isenberg...

  • The dollar is much stronger, stocks are weaker, as the Japanese have been selling yen overnight.

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    What's next for Europe? Streamlining the decision-making process and allowing sovereign countries to give up even more control of their economies to the EU. That means amending 60 years' worth of treaties. But it has to be done. There will be a lot of opposition.

  • Oh god, I'm trapped! I went heavy on the euro-skepticism this morning because so many traders seemed eager to sell or short into the open, assuming that the markets would head down later in the day.

  • We are now approaching the end of the month. You are a fund manager — you're about to send out your monthly letter to investors — and you are up, say, 4 percent (I hear Paulson is up about 1 percent).

  • Can the U.S. trade independently of Europe? Can Europe trade independently of Greece? Can U.S. stocks trade independently of each other?

  • There's been a modest midday rally on reports that China may invest in the EFSF. As I pointed out this morning, this is part of a much wider plan by China to have more sway in the EU and the IMF. Peter Boockvar has also pointed out that investing in the EFSF also provides diversification from U.S. Treasurys.

  • The euro weakened, stocks in Europe and the U.S. have weakened, on several headlines indicating that the EU may not set the size of the EFSF capacity tonight, that a final agreement may not occur until the end of November.

  • The German Bundestag has reportedly approved a strengthening of the European Financial Stability Facility. China is waiting, but will make a move soon. The head of the EFSF, Klaus Regling, is going to China and likely other Asian countries to seek money for his fund.

  • Where are we? We're at the top end of a trading range. What can move stocks up or down? Three big movers are Europe, U.S., China. And the fourth?

  • Bob Pisani

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

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