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.
U.S. stock futures are up as Europe is trading up 1 to 2 percent. The put/call ratio at the close yesterday was 1.28—meaning 1.28 puts bought for every call—fairly high. This is a contrarian indicator, as it represents stock that needs to be bought back eventually. What does it mean? It means traders are either getting short or hedging their long positions.
Gary Gensler, the head of the CFTC, is also testifying in the House of Representatives on the cause of last Thursday's plunge. Mary Schapiro, the head of the SEC, has also released her testimony. ...There are two main points that most seem to agree upon.
In response to the statement that the Nasdaq had declared "self-help" (refused to route orders) against NYSE Arca, a NYSE spokesman said, "There are all kinds of false positives for self help, and people declare against us sometimes for no reason at all."
The House has posted the testimony of both Larry Leibowitz of NYSE and Eric Noll of Nasdaq before the Financial Services Subcommittee, scheduled for 3pm ET today. Mr. Noll noted that as of yet there was no clear "'smoking gun' that single-handedly caused or explains Thursday's events." However, he said three events occurred around the critical 2:40-3:00pm time period last Thursday...
That didn't last long: euphoria over the EU deal already wearing off: Spain down 5 percent, Portugal down 3 percent, Italy down 2 percent...euro weakness resumes. At least Germany backed the plan. But some are arguing that letting the euro continue to devaluate will be a long-term help to the EU economy.
Despite its myriad troubles and doubters on Wall Street, Bank of America has a friend in Dick Bove.
Royal Bank of Scotland reported a modest increase in second quarter profit after booking a £1.05 billion charge for the costs of restructuring.
What's the harm in waiting six months to raise rates? asks "Fast Money" trader Brian Kelly.