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.
Portugal successfully sold 2-year debt, but at a high price: 5.99 percent. This is for 2-year paper, mind you. The previous cost for 2-year paper was 4.08 percent last September. Longer-dated paper (2014) was sold at a yield of 5.39 percent in January. You wouldn't know there was concern by looking at the Portugese stock market — it's not far from a 52-week high.
While stocks are reacting partly to lower oil today, there's another group that is also strong: banks. Partly, this is due to modestly positive comments coming out of Bank of America's analyst meeting, its first in four years. But there is also increasing optimism that a select group of large banks will soon be able to significantly raise dividends.
Though oil is little changed this morning, there is more optimism that the Libyan revolt may be moving toward a resolution. All of this is based on vague reports of offers of negotiation on both sides — offers which may or may not have been fabricated by participants.
Oil, which closed just shy of $105 on Friday, has been advancing all morning, and as it again moved to new highs, near $107, S&P futures finally lost some of its momentum. Still, stocks have held up remarkably well: on Friday I noted that oil had advanced nearly 25 percent in the past two weeks or so, while the S&P 500 was down only about 2 percent.
Short-term, oil is still the key. If oil remains well north of $100, many traders have been talking about a rangebound market for the next several months. This could get even more problematic as we head toward the end of QE2 in June and the loss of that liquidity.
For months we have watched energy, materials, and global industrials weaken on concerns about oil oversupply and slower global growth.
Bob Pisani discusses dividend ETFs and the varying amounts of energy exposure.
I get why there is concern in Europe, but I don't at all get the selloff in U.S. banks.
Looking for exposure in emerging markets? Play it through the young consumers, who make up the vast majority of the population.
If Clinton doesn't release her speech transcripts, she'll look like she's hiding something, Politico's Ben White says.
Jeff Saut, chief investment strategist at Raymond James, said the stock market looks like it's searching for a bottom.
The U.S. economy created just 151,000 jobs in January amid multiple other signs that growth is slowing, though the unemployment rate fell to 4.9 percent.