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 most important implication of the Goldman story: regulatory reform just took a real hard turn to the left. How are Jamie Dimon and Lloyd Blankfein going to argue against regulatory reform now? Think about the outlandish headlines you might see: "hedge funds conspire with Goldman Sachs to crush US housing market."
Asia is lower as China raised down-payment requirements on second homes (to 50 percent from 40 percent). Housing starts and permits for March were above expectations. Earnings continue to come in better than expected, but more importantly revenues are improving.
Volume picking up: 6.1 billion shares changed hands on the consolidated tape today — well above the 5-day average of 5.1 billion shares. I have spoken often of the unwillingness of the market to give up any of its gains. Here's how it looks since the recent bottom of the market on Feb. 9...
Get used to seeing more energy deals like today's announcement from Apache about its purchase of Mariner Energy for $2.7 billion in cash and stock. Mariner is an independent oil and gas producer, with deepwater operations, principally in the Gulf of Mexico. Apache is a big oil and gas producer.
Stocks move to highs of day; NAHB survey helps. The NAHB homebuilder sentiment index came in at 19 — 3 points better than consensus and up 4 points from March. This is the highest level since September and helped push stocks to their highs for the day.
Earnings season starts off well, strong buying trend continues. The wave of money continues to wash over the stock market. Bank of America and our parent company General Electric will be reporting tomorrow. Both are again trading on the upside, both at new highs, a day after JPMorgan reported stellar earnings. Here are the facts on banks so far...
Stock futures slipped a bit as continuing claims, at 484,000, was worse than the 458,000 expected. This is disappointing, but there is only one reality right now: the wall of money coming into stocks. And it is a force very difficult to fight against. We get additional economic indicators today...Capacity Utilization, Industrial Production, Philly Fed.
Sitting at the highs of the day with less than an hour to go in the day. Look at the market internals: 1) Greatest number of new highs on the NYSE since 2003 (!!) 2) 3-1 advancing/declining stocks 3) Dow Industrials and Dow Transports again hit new highs simultaneously. But wait—there's more...
Chatter about what the Fed's next steps will be has shifted from when it will hike to when it will offer stimulus.
For years, Piper Jaffray has been one of the biggest bulls on Wall Street, and with good reason.
Mohamed El-Erian said Monday stocks must fall much further before investors can be coaxed back into the market.