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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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  • It was a lousy day for stocks, but not a panic day. Volume at the NYSE just average today. And yes the VIX was up 9 percent today, but look a little farther out: July VIX futures only up 2.9 percent, November 1.6 percent.

  • Out of Work

    Stock futures moved in an 11-point range in about 3 minutes on confusion over the April nonfarm payrolls reports (115,000 vs. 168,000 consensus). The March revision — to 154,000 from 120,000 helped assuage the miss ... but is the trend improving or deteriorating? Even traders are confused.

  • Facebook

    My heavens, the frenzy has begun on Facebook. You would think they were giving the stuff away. "Probably the greatest IPO no-brainer of all time," one trader said to me. Huh? How is that?

  • Since hitting an historic high on April 3, the Morgan Stanley Healthcare Payers Index (HMO), a basket of managed care stocks, is down 16 percent.

  • Mario Draghi

    European stocks dropped, the euro rose as European Central Bank chief Mario Draghi spoke. Draghi said that the latest spate of weak economic data highlighted the "prevailing uncertainty."

  • Where are we now? Man, what a mess — it's confusing. So let's recap what is happening.

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    U.S. futures were dropping all through the early morning as European manufacturing numbers were weak. Italian and Spanish PMI were both below 50, showing continuing contraction. Even Germany came in at 46.2, a tad below expectations and firmly in contraction territory.

  • businessman_studying_chart_200.jpg

    Huh? A short squeeze on the ISM? Sure looks like it. With the spate of disappointing economic numbers recently, seems like traders were short the market ahead of the April ISM number.

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    Everything's closed! It's May Day, there are rallies across Europe, everything except the U.K. and Irish markets are closed.

  • Strange close. Volume spiked dramatically in the last couple minutes. NYSE floor volume went from below 600 million to 851 million in a couple minutes. It's easy to blame this on end of the month trading, but it happened on Friday as well.

  • 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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