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.
With jobs and housing not recovering, traders are girding for a tough third quarter. With gridlock likely in Washington, a major stimulus program seems off the table. Renewal of the Bush tax cuts is likely, but will not be very stimulative by itself. Most traders are even doubtful that further quantitative easing by the Fed is unlikely to be a big help, as low rates are not producing buyers in housing.
The risk trade: out of banks, hide in REITs. Another weak day for banks, particularly regional banks. It's been an absolutely miserable month: the Regional Bank HOLDRs Trust, a basket of regional banks, is down about 12 percent in August. The good news..?
You have to be slightly encouraged by the fact that Intel comes out with the kind of warning it did, and the stock rallies; and by the fact that the VIX dropped below its 50-day moving average. Then, Mr. Bernanke, in his own way, said he is willing to do anything if and when the time comes. This sets up the fabled "hope trade."
Futures rallied a few points as the second estimate to GDP estimate comae in at 1.6 percent for the second quarter, higher than the 1.4 percent increase expected. This is the second data point a bit better than expected in as many days (following yesterday's initial claims report for the week) and breaks a string of worse-than-expected economic news.
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.
Market conditions and stabilizing economic data could lead the Federal Reserve to raise interest rates in October, David Lebovitz said.
Stocks sank and investors ran to Treasurys after a disappointing jobs report pushed off expectations for a Fed rate hike into 2016.
The economy created 142,000 jobs in September, a number that whiffed on expectations and could cool expectations that the Fed will start raising rates.