A CNBC reporter since 1990, Bob Pisani has reported on Wall Street and the stock market from the floor of the New York Stock Exchange for more than a decade. Pisani covered the real estate market for CNBC from 1990-1995, then moved on to cover corporate management issues before moving to the New York Stock Exchange in 1997.
He was nominated twice for a "CableACE Award"—in 1993 and 1995.
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, Bob 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.
The US-UK spat over BP is a serious topic of discussion among traders. They are worried that this could get out of hand. They are worried that the meeting between the president and BP officials scheduled for next week will turn into another public humiliation of BP.
S&P futures dropped 6 points on the disappointing U.S. May retail sales. But it was noted that building material sales were notably weak, down 9.3 percent, which may be due to the expiration of the homebuyer tax credit. Still, motor vehicle parts were down 1.7 percent, clothing sales were also down 1.3 percent. Sales up at restaurants, sporting goods, furniture. Elsewhere this week the news has been more positive...
BP drops midday to a nearly 14-year low. BP shares went from $34 to $31.50 in about an hour midday. What happened? You have senators walking around talking about suing BP for everything, including lost jobs; you have worries that the dividend will be wiped out; and you have whispers on trading desks that it is increasingly likely that BP, or its U.S. subsidiary...may file for bankruptcy.
Standard and Poor's is rebalancing Citigroup at the close today to account for additional shares the government sold to the public.
Global markets are up on: 1) a leaked report that Chinese exports grew 50 percent in May from a year earlier, vs. the 32 percent gain expected; and 2) a successful 3 and 10 year bond auction in Portugal. In China, the Shanghai Index was up 2.8 percent on the strong export numbers. Also: the "Pain Trade."
At an informal gathering of hedge fund traders last night, the mood was decidedly gloomy. I noted yesterday that many hedge funds had a horrific May: 1) most were net long going into May, and 2) many had been short volatility. Volatility, as we know, exploded in May, forcing many firms to cover their short positions. Not only that, traders seemed to have been unprepared for the dollar's rebound...
Stocks posted modest declines today, but it was enough for the Dow Jones Industrial Average to close at its lows for the year. It was a frustrating session, because stocks seem oversold, especially after Friday's 322 point drop in the Dow. But volume was light until the last half hour, as there seemed to be little interest in picking up stocks at a discount. What's the problem?
"Money for nothing" interest rate policies have failed, the bond guru said in a broadside against global central banks.
Bank of Ireland, which was bailed out during the country's debt crisis, reported soaring profits for the first half of 2015 as bad debts were reduced.
Lloyds Banking Group reported a 15 percent jump in pre-tax profit for the first half of 2015 to £4.4 billion ($6.9 billion) on Friday.