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.
As has happened many days, US markets stabilized as soon as Europe closed at 11:30am ET. Regardless: it was a poor showing, despite a modest rally into the close, with 8-1 declining to advancing stocks, and more than 90 percent of the volume to the downside.
U.S. and European banks are both lower, for three reasons. With the exception of gold and gold stocks, commodity stocks are down 2-3 percent as energy and base metals weaken with the Euro falling below $1.25 today. And credit-card companies have their own troubles.
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.
Pimco's new chief investment officer may be starting to show signs of modest success, but it is a long road back.
Disney shares are trading at an all-time high, up nearly 45 percent over the past 12 months.
Oil has now broken below many Wall Street targets and look set to test the year's lows and beyond, before finding a bottom.