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.
Portugal successfully floated debt in two auctions, but at a very high yield. In one auction, $839 million of notes due in 2013 were sold at a yield of 4.086 percent; the previous auction of the same maturity was sold at a yield of 3.597 percent. At these yields, why not issue debt?
How long can this last? Not only is the CBOE Volatility Index (VIX) down to its lowest levels since May, but the Trin has been below 1 for almost the entire 3 trading days of the current month. A Trin below 1 indicates that more volume is going to stocks on the upside versus stocks on the upside; in other words, upside momentum.
S&P futures popped 10 points on nonfarm payrolls. August nonfarm payrolls, at minus 54,000, much better than expectations of a loss of 120,000, private payrolls up 67,000, also better than a gain of 44,000 expected. Also helping futures: a large revision to July, now a loss of 54,000 jobs, down from an earlier estimate of a loss of 131,000 jobs.
August same-store sales better than expected. Maybe those tax-free sales days made a difference: 17 states had at least one tax-free weekend in August, up from 13 last year, including big states like Florida, Illinois, and Massachusetts, and it looks like they made a difference.
IPO market flashing warning signs
Traders will likely do after the disappointing jobs data what they have been doing for the past six weeks or so: nothing.
Liquidnet has opened a dark pool to trade bonds.
These are not normal times and anyone who relies on seasonality exclusively is courting trouble.
What will define his legacy is whether the Fed went beyond its mandates and laid the groundwork for peril ahead.
Google's renamed parent company is set to become the latest investor to back Symphony. The FT reports.
The Fed cannot raise interest rates because the market is not pricing in a hike, Joseph LaVorgna told CNBC.