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.
Family Dollar's conservative guidance: is this what Q3 guidance will look like? All the discount retailers are flat to down today as Family Dollar (FDO) provided guidance for the current quarter (Q4) that is below Street consensus ($0.46 to $0.51 vs. Street estimates of $0.53). The conference call, mostly with CFO Ken Smith, was very instructive...
Banks and commodity stocks are rallying this morning in Europe and the U.S.; most bourses are up 2 to 3 percent. Shanghai was up 1.9 percent after hitting 52-week lows Monday. Helping commodities and commodity stocks: a weaker dollar, and positive comments about the global economy.
Markets are a bit weaker as Europe has closed essentially at the lows of the day, despite a second day of rally in the euro. There is lots of talk that the poor economic data in the US in the last two weeks now makes Europe a more attractive investment opportunity...
June nonfarm payrolls posted a decline of 125,000 jobs, slightly higher than expected, with an unemployment rate of 9.5 percent. Private sector job growth up 83,000 was a bit below expectations. The stock market anticipated weaker numbers and trading all week reflected that sentiment. The market is trading at notably lower levels than two weeks ago.
Futures dropped, then recovered a bit, as initial and continuing claims were higher than expected. Start of a new quarter, and first trading day of the month. It is one of the oddities of trading that the Dow Industrials have their biggest point gains on the first day of the month, on average (Trader's Almanac). It's really quite significant...
Stock futures dropped on ADP bummer report. Futures were up all morning on good news from Europe, but S&P futures dropped 6 points in seconds when the ADP said only 13,000 private sector jobs were created in June, well below expectations of about 60,000 jobs. We are expecting significantly more private sector gains from the nonfarm payroll report on Friday to offset the public sector census workers that are being laid off.
Believe it or not, these big Chinese companies like Alibaba, the biggest e-commerce retailer by far, have not been represented in global indices.
Square was a canary in the coal mine for "unicorns" like Snapchat, Dropbox, and Pinterest.
The company raised $243 million, 25 percent less than what they had aimed for.
The NYSE is the latest exchange to announce it will no longer accept stop orders and good-till-canceled orders, beginning in February.
Markets seem to be be moving higher and shirking off bad news no matter what, strategist Michael Farr says.
Barclays was hit by a $108.5 million fine on Thursday as it allegedly worked with super-rich clients in a way that could have facilitated financial crime.
A class action lawsuit accuses banks of conspiring to limit competition in the $320 trillion market for interest rate swaps.