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.
China's announcement that they are loosening the trading bands on the yuan is good for the trade imbalance with the United States, but traders think that the idea we should all rush out and buy, say, Caterpillar or BHP Billiton just on this...is probably incorrect. Here's why.
The economic news has been terrible this week (housing, jobs), but the S&P 500 is up 2.4 percent. How to account for that? Some point to the reduced headline risk in Europe (Germany has had an amazing week, it's only about 1 percent from a 52-week high!), and perhaps reduced headline risk from BP helped at the margins. But the driving factor is likely this...
The SEC is moving toward clear rules on how to break erroneous trades. After hundreds of trades were broken on May 6th, the SEC made it clear they were seeking development of clear rules for breaking trades. Such rules do not currently exist; the exchanges simply make ad hoc decisions.
Successful bond sales in Spain and Hungary have helped stabilize Europe (though Spain paid a substantially higher yield of 4.864 percent for the 10-year paper, well above the 4.045 percent previously), but S&P futures lost about 4 points when the weekly jobless claims report came in a bit higher than anticipated.
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.