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.


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    U.S. futures, sideways overnight, wilted at 3 a.m. ET...about the time Europe opened.  Coincidence? I don't think so.

  • What's Next?

    The markets were weak at the outset on a poor showing in Europe and very poor consumer spending. Slower global growth is clearly the big issue facing stocks.

  • There's a joke going around trading desks: "The nonfarm payroll report will be so bad that it can given out by name, not by number: 'Mr. Smith got a job.'" OK, so expectations are low. Really low. But that's good.

  • Another lousy day over there, with many markets down two to three percent. In recent days, the U.S. markets have usually come off their lows after Europe closed at about 11:30am ET. But retail sales for July, out on Thursday, may be a modest bright spot.

  • earnings_central_badge.jpg

    S&P futures are down again...this would be the seventh straight decline...the worst streak since October 2010.

  • The Dow Industrials opened up 140 points up but in less than 2 hours it was down 140 points. It's a rare day when the Dow moves 300 points in a day — even rarer when that happens in 2 hours. What's the problem?

  • Stocks opened strong but weakened going into that number, led down by consumer stocks. Precious metal stocks, which were weak at the open, have rallied off their lows.

  • earnings_central_badge.jpg

    The key to trading today is July ISM, which comes at 10am ET. With the exception of May, it has been above 55 for a year. Unfortunately, the whisper numbers are fairly weak...with some estimates as lows as 52. Still expanding, but not very vigorously.

  • CNBC_debt_ceiling_2_bdg.jpg

    A trader I have known for more than a decade — a man with 30 years trading experience — called me this afternoon to say he has gone long the market, a comment I heard several times this afternoon.

  • 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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