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.
The 2-year Greek bond passed a 23 percent yield, which must surely be some kind of selling climax. National Bank of Greece (NBG) is up 10 percent. Meantime, the Greeks are boldly going to the heart of the problem: they have banned short selling of stocks for the next two months.
The S&P 500 has stabilized after Europe closed at 11:30am ET. Two important points about today's trading: First, The CBOE Volatility Index (VIX) was up as much as 20 percent today, its biggest one-day jump in several weeks, to the highest levels since February. And second..?
U.S. stocks weakened today as European indices headed south. Those European indices, which were weak all morning, weakened further about 11am ET, upon hearing that Portugal's long term sovereign credit ratings were lowered by S&P to A- from A+.
International stocks are weaker this morning. Greece stocks are infecting Portugal and Spain (both down more than 2 percent). China's Shanghai Composite Index is down another 2 percent, to the lowest levels since October last year, as they have been tightening rules on property borrowing recently...
Is there a tougher businesss to be in than construction in the U.S.? Still, Eagle Materials, which makes concrete, cement and wallboard, reported earnings ahead of expectations — a gain of 4 cents, better than the loss of 3 cents expected. The good and bad news..?
Despite worries on Greece and financial reform, market shows no signs of giving up gains. All major indices are at new highs. Modest weakness in financials is being offset by strong gains in the cyclical sectors — materials, industrials, and consumer discretionary. One key indicator — new highs on the NYSE — is sitting near multiyear highs.
Europe trading up, despite yields widening on Greek debt once again. Elsewhere, Caterpillar and Whirlpool reported sales and earnings better than expected, both raised guidance. And the US Treasury Department said it would approve a sale of 1.5 billion shares of Citigroup — just the beginning...
Wall Street and Main Street continue to fight the rally, but the commentary continues to improve. And that is what matters. 1) all the major indices are at new highs; the Dow is up 8 weeks in a row, it's longest weekly win streak since 2004. 2) Dow Transports at new highs this week on strong earnings from railroads.space, has become much more upbeat in recent weeks
At the annual dinner of the Securities Traders Association of New York (STANY) last night, the two main topics were: 1) why business is so awful, and 2) why the market does not go down. Like I've been saying: this is the most unloved rally of modern times...
Beige Book report was filled with commentary that is mostly positive on the US economy.
We have what traders call "degrossing," where participants are simply taking down overall exposure a bit.
Four Chinese regulatory agencies have issued a joint statement "encouraging" listed companies to take action to shore up their shares.
There are still plenty of bears betting that that rally will have trouble sustaining itself in early September.
Omega joined the growing chorus of investors blaming last week's selloff on trading strategies pioneered by funds like Bridgewater.
Based on historical stock valuations, the Nobel Prize winner told CNBC it's a "risky time."
U.S. stock index futures indicated a higher open on Thursday, building on Wednesday's rally.