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.
Retail sales for March: another month that may be better than expected. While everyone is fixated on the jobs report, watch out for March same store sales, due April 8. February retail sales were better than expected, despite bad weather, now the same may happen for March. Same thing: poor weather pattern in third week in the Northeast, but early reports seem to be encouraging.
Auto dealers and a couple small cap retailers are standouts today. The strong GM March numbers (sales up 43% vs. 27% estimate), combined with a strong earnings report from CarMax, is moving the automotive dealers like Sonic Automotic, Penske Automotive and Lithia Motors.
Markets have come off their highs earlier in the morning as Goldman Sachs has lowered its March jobs growth forecast to 275,000 from 200,000. Market consensus now down to 185,000 jobs growth. Regardless, there are many positive signs for the markets this morning.
Better news on manufacturing surveys in China, as well as a decent reading on Japan's Q1 Tankan report, helped the Asian markets overnight. Europe also up about 1 percent. And: In another sign the IPO markets are returning to life, Primerica priced 21.36 million shares at $15.00 — 3.36 million shares more than anticipated
First quarter 2010: this time, a look at the losers. I noted earlier that although the S&P is up 5 percent this quarter (4th consecutive quarter of growth), there have been very wide discrepancies between the winners and losers this quarter. ere's some of the more notable laggards, and why. (Updated)
Futures dropped about 4 points as the ADP Employment report showed a decline of 23,000 jobs, well below expectations of a gain of 40,000 jobs. Treasury yields declined, and the dollar weakened. Bulls are already noting that the ADP report "does not incorporate a weather related rebound that could be present in this month's BLS data," so there is no reason to abandon the projections for healthy gains when the March jobs report comes out Friday.
Another slow melt-up. Every day, the Dow goes up...20 points. The Dow is up 17 trading days in March, and down only four. It hasn't put together two down days since the last week of February. That's impressive. What is not impressive: volume, and the advance/decline line is definitely showing signs of slowing down. Not a good sign.
We started the day with the Dow Industrials within 60 points of 11,000...but faded as Europe closed on the lows of the day at the same time as the euro hit its lows. Greece, which priced a 5 billion euro 7-year bond offering on Monday, attempted a follow-up 1 billion euro sale this morning, but the market didn't seem to be interested.
The Greek stock market down 1.8 percent as the sale of the 7 year bond did not go as well as initially thought. Yields are higher, to 6.24 percent. And: We are waiting to see if the spate of strong IPOs will continue. Expecting Primerica to price 18 million shares between $12-$14, likely tonight, possibly tomorrow. This is the largest financial services marketing organization in North America.
"Money for nothing" interest rate policies have failed, the bond guru said in a broadside against global central banks.
Bank of Ireland, which was bailed out during the country's debt crisis, reported soaring profits for the first half of 2015 as bad debts were reduced.
Lloyds Banking Group reported a 15 percent jump in pre-tax profit for the first half of 2015 to £4.4 billion ($6.9 billion) on Friday.