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.


  • We are now approaching the end of the month. You are a fund manager — you're about to send out your monthly letter to investors — and you are up, say, 4 percent (I hear Paulson is up about 1 percent).

  • Can the U.S. trade independently of Europe? Can Europe trade independently of Greece? Can U.S. stocks trade independently of each other?

  • There's been a modest midday rally on reports that China may invest in the EFSF. As I pointed out this morning, this is part of a much wider plan by China to have more sway in the EU and the IMF. Peter Boockvar has also pointed out that investing in the EFSF also provides diversification from U.S. Treasurys.

  • The euro weakened, stocks in Europe and the U.S. have weakened, on several headlines indicating that the EU may not set the size of the EFSF capacity tonight, that a final agreement may not occur until the end of November.

  • The German Bundestag has reportedly approved a strengthening of the European Financial Stability Facility. China is waiting, but will make a move soon. The head of the EFSF, Klaus Regling, is going to China and likely other Asian countries to seek money for his fund.

  • Where are we? We're at the top end of a trading range. What can move stocks up or down? Three big movers are Europe, U.S., China. And the fourth?

  • German Chancellor Angela Merkel

    Didn't the German parliament approve an expansion of the EFSF at the end of September? They did indeed, but the situation has changed.

  • Statue and Italian Flag in front of Vittorio Emanuele monument.

    Can they make it? Amid reports of intense disagreements, European Union leaders are now out of time for their EU Summit meeting tomorrow, after which German Chancellor Angela Merkel said they would present a coherent plan for dealing with the euro zone crisis. There were reports that began surfacing yesterday that disagreements were so intense it was possible it could be put off again. The EU Finance Ministers meeting scheduled for Wednesday has reportedly been postponed.

  • It's crunch time: German Chancellor Angela Merkel has to show her hand. German paper Der Spiegel has talked to parliamentarians in Germany who have been briefed by Merkel on what she will be proposing to the Bundestag's budget committee tomorrow, and the full Bundestag on Wednesday.

  • Merkel as Houdini. The risk now is in Germany. German Chancellor Angela Merkel must now turn to the Bundestag's budget committee on Tuesday to get approval of the EFSF expansion...but what's the deal? It hasn't been announced, but she must know what it is.

  • 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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