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.
CSX was not a fluke: after the close Dow Transports component Expeditors International said Q2 earnings will fall within $0.38-$0.40, above consensus of $0.30. EXPD is a freight forwarder: they buy air and cargo space on big volume and then resell it to customers.
What double dip? Two important blows against the "double dip" school today: GE CEO Jeff Immelt, in an interview on our air, said: "When you look at all the early indicators that we look at, like media buy, rail loading, passenger miles—all key early indicators—are trending better.
Both beat earnings consensus: Alcoa by $0.01, at $0.13, and CSX by $0.09, at $1.07. At Alcoa, after tax operating income was above expectations in all four major segments: alumina, aluminum, and the downstream segments of flat rolled products and engineered products.
These are two developments next week that may impact markets.
Beige Book report was filled with commentary that is mostly positive on the US economy.
We have what traders call "degrossing," where participants are simply taking down overall exposure a bit.
Four Chinese regulatory agencies have issued a joint statement "encouraging" listed companies to take action to shore up their shares.
Ray Dalio's fund slumped in August and some investors blame the strategy of such funds for the volatility that slammed stocks and commodities.
For all the talk about the 250,000 jobs a month the economy is creating, workers' real wages are going backward.
Volatility could probably last anywhere from three to four months, Brian Jacobsen of Wells Fargo said.