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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    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 is away. He will return on Monday, October 24.

  • Here's a simplified schedule of the EU Summit this weekend — and next Wednesday.

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    US stocks moved off their lows a couple of hours ago, as German Chancellor Angela Merkel and French President Nicolas Sarkozy issued a joint statement saying they will have a "definitive agreement" on recapitalization of European banks and expanding the EFSF "by Wednesday, at the latest." Wednesday? The EU Summit is on Sunday.

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    Market are expecting more volatility. Dean Curnutt and others have noted that the S&P 500 is near where it was a week ago (1,202) but the VIX is almost 20 percent higher (from 30 to about 36). Market are expecting higher volatility because a lot is unsettled in Europe.

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    The German newspaper Die Welt said the German government could not rule out postponing the EU summit this weekend. The followup headline from Reuters: "Senior EU sources say unaware of any plan to postpone Sunday's EU Leaders' summit." Of course they are unaware.

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    No shock and awe this weekend? It sounds like Europe is going back to incremental changes. Traders have been anticipating the European Union summit on Sunday will resolve issues related to: 1) a greater haircut on Greek debt; 2) recapitalization of banks; and 3) how to use the European Financial Stability Facility.

  • Stocks have come off their highs on a series of headlines out of Europe. With four days to go until the EU Summit, there are reports that the Germans and French are unable to agree on a plan for leveraging the EFSF, or that using the EFSF as a "first loss" insurance policy might not be legally possible.

  • 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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