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.


  • One bright spot: credit cards. JPMorgan Chase is the largest issuer of Visa cards, with 24 percent of Visa's market. In fact, they are the largest credit card issuer in the U.S., period.

  • China is not exporting as much as they used to: Imports and exports were both lower than expected in September, as the trade surplus was much smaller than August and July. This seems pretty clearly linked to the slower global economy — exports to the European Union, for example, were half that from the prior month.

  • JPMorgan and Alcoa: what do they have in common? 1) They're the first large companies to report Q3 earnings, and 2) both had very low expectations going into their earnings.

  • What started off as a horrible month has turned into a very powerful rally. What's going on?

  • First, some traders blamed high frequency traders for the stock-market volatility. Then it was inverse and leveraged ETFs. Now Birinyi Associates has found a new source of volatility in the last hour: the publication deadline of European newspapers.

  • Stocks have been rising throughout Wednesday morning. Shortly after the US open, reports surfaced that Slovakian politicians have reached an accord to approve the EFSF expansion by Friday. All 17 eurozone countries will then have ratified the expansion.

  • Alcoa spacer miss does not hurt the market. More evidence that Europe is what matters: euro strong, European bourses up 1 to 3 percent.

  • Most traders continue to believe that Slovakia will approve the EFSF expansion later in the week.

  • beer_being_poured_200.jpg

    You know the cultural zeitgeist is getting thrown in a blender when stock traders in midtown call me up and say, "Hey Bob, I'm coming downtown tonight...wanna grab a beer and hang out with the protesters?"

  • It's down to...Slovakia? European stocks and U.S. shares slipped late morning on word the vote in Slovakia on approval of the European Financial Stability Facility expansion was looking a bit more doubtful.

  • 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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