A CNBC reporter since 1990, Bob Pisani has covered Wall Street and the stock market for nearly 20 years. Pisani covered the real estate market for CNBC from 1990-1995, then moved on to cover corporate management issues before becoming Stocks Correspondent in 1997.
In addition to covering the global stock market, he also covers initial public offerings (IPOs), exchange-traded funds (ETFs) and financial market structure for CNBC.
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, Pisani 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.
The yield on Italian 10-year debt skyrocketed overnight, going from roughly 6.7 percent yesterday to 7.3 percent. And that is with the ECB buying Italian bonds — in fact there has been active speculation that they are almost the only buyer of those bonds. This has effectively torpedoed the EFSF.
You're know you're in trouble when the markets go up on speculation you're resigning — that's what Italian Prime Minister Silvio Berlusconi is facing this morning. Berlusconi denied everything on his Facebook page: "The rumors of my resignation are groundless." Some in Berlusconi's party insisted that he had not lost a majority, but last week two deputies from his own party defected to another party. Reuters noted that he appears to 214 votes in the 630-seat lower house — that is not a majority. This may all come to a head tomorrow, when there is a budgetary vote.
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The company's lead Alzheimer's candidate is similar to the product that disappointed in a competitor's clinical trials.