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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  • Ireland and European Union

    October Consumer Price Index fell 0.1 percent, a little lighter than expected, core CPI up 0.1 percent, in-line with expectations. Headline inflation now up 3.5 percent year over year (2.1 percent ex-food and energy), but the big worry: crude over $100. Headline CPI will not be so tame if that continues.

  • Another lackluster equities trading session on light volume. The issues: 1) Traders do not believe that movement on the political front in Italy and Greece will not translate into fiscal and structural changes in those countries any time soon.

  • The tug of war continues: Europe stinks vs. stronger U.S. economic data.

  • Bob Pisani is off today.

  • Austrian Central Bank Governor Ewald Nowotny said that if there was a more serious downturn in the European economy, then it would be time to "rethink and to act maybe in a more decisive way."

  • Stocks rose modestly today (Thursday) on hopes for a new government in Italy — yes, a new government in Italy. They need one because the country is mired in slow growth and too much debt. Sound familiar?

  • Italy has two problems: the cost of funding is too high and there is no growth. What kind of yields on average can Italy afford to pay? And what about the political mess in Italy?

  • European Central Bank

    Euro zone weakness is impacting the global economy: European Union lowers growth forecasts.

  • Berlusconi announcing his resignation has raised even more questions: it's not clear when he is leaving, or what path Italy will be taking.

  • The yield on Italian 10-year debt skyrocketed overnight, going from roughly 6.7 percent yesterday to 7.3 percent. And that is with the ECB buying Italian bonds — in fact there has been active speculation that they are almost the only buyer of those bonds. This has effectively torpedoed the EFSF.

  • 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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