Trader Talk with Bob Pisani

Bob Pisani

Bob Pisani
CNBC "On-Air Stocks" Editor

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.

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  • This craziness in Europe cannot continue. Greece just issued 13-week paper at a yield of 4.1 percent — to put this in perspective, Germany pays 3.8 percent for its 30-year bond. That's right: Greece is paying more for 3-month paper than Germany pays for a 30-year bond.

  • Under the proposal, Nasdaq/ICE says: 1) they are prepared to pay a reverse termination fee of $350 million in case the deal cannot close due to antitrust issues; 2) they have received fully committed financing of $3.8 billion.

  • "Although we believe these strengths currently outweigh what we consider to be the U.S.'s meaningful economic and fiscal risks and large external debtor position, we now believe that they might not fully offset the credit risks over the next two years at the 'AAA' level," said Standard & Poor's credit analyst Nikola G. Swann.

  • It's a holiday-shortened week, with many traders already off for Passover or Easter. While it's unlikely we will see much of the way in heroic trading or heavy volume, we are starting on a weak note.

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    Lots of negative comments this morning about earnings season not being as strong as expected. Seems to be worries about earnings pressure on different industries from a variety of sources...

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    Options expiration day. Global markets are mixed, futures down fractionally, as the Greek Prime Minister said restructuring of the debt was not going to happen (no one seems to believe him). This is not a bad start, considering earnings season has not started with a bang.

  • Another hot IPO pricing tonight: I know, everyone has been excited about the IPO of Zipcar, priced at $18, opened at $30, closed at $28, and Arcos Dorados, priced at $17, opened at $21, closed at $21.20—but there's more coming tonight.

  • Futures are weaker, the Greek stock market is down 2.2 percent this morning as many seem to believe that some kind of restructuring of Greek and possibly Portugese debt is inevitable. There is talk that rather than an outright default this would entail simply extending the maturity of the debt. But since this would clearly violate the terms of the contract, it would be hard to not call that a default.

  • At 3:30pm ET, traders were telling me the deal size was being upped to at least 70 million shares at $15-$16 — but by 4:15 (after the book had closed) the deal had been increased to 73.5 million shares at $17 a share.

  • Hot IPO pricing tonight at NYSE for trade tomorrow: I have been telling you about the excitement around the IPO of Arcos Dorados Holdings. What's so exciting about it? They are the largest franchisee of McDonald's in the world.

  • Bob Pisani

    A CNBC reporter since 1990, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.

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