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.
Another disappointment in housing. I said last night in my TraderTalk post that I was getting more concerned about housing, especially following the disappointment of the National Association of Home Builders Market Index. Today, March housing starts disappointed as well, coming in at 654,000 annualized, below expectations of 703,000, lowest since October 2011, led down by lower multifamily starts. Permits came in at 747,000, above expectations.
Big week for housing, and I'm a little nervous. The NAHB Housing Market Index was disappointing this morning: lots of talk about NAHB Chief Economist David Crowe, who said, "Interest expressed by buyers in the past few months has yet to translate into expected sales activity."
Apple as a non-confirmation? It started in the middle of February: Transports failed to keep advancing with the Industrials. At the time, the failure was blamed on higher fuel prices. That was the first non-confirmation that got bears going.
Stock futures jumped 5 points as March retail sales, up 0.8 percent, came in much stronger than expected. Autos (up 0.9 percent) and building materials (up 3 percent!) were standouts. This again suggests that warmer weather was indeed a factor and that may be pulling gains from April and May.
You could already hear the bears on China on the disappointing First quarter gross domestic product numbers (8.1 percent, below 8.3 percent expected and the lowest level since March 2009). But there are several signs the Chinese economy likely bottomed in the first quarter.