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.

More

  • Rajaratnam guilty on all 14 counts of conspiracy and securities fraud. The Raj Rajaratnam verdict has generated some desk chatter but has no relevance to market activity: Most traders had no sympathy for Rajaratnam in the first place.

  • earnings_central_badge.jpg

    Macy's got the retail earnings season off to a strong start: $0.30, well above the $0.18 consensus. Commodities sliding. And Chinese IPOs look worse and worse.

  • Important rotation today, as major indices move up midday. While all the major indices are just shy of new highs, there are some standouts.

  • I noted last week that recent Chinese IPOs have been hot out of the gate, and faded fast. This week, we have three more IPOs from China, and now...they're not even hot out of the gate.

  • I made note this morning of Dean Foods' ability to pass on notable price increases, partly to offset rising dairy costs. Dean Curnutt of Macro Risk Advisors compiled an interesting list of commentary on food inflation from recent food company conference calls.

  • Am I the only one who thinks this "bolt-on acquisition" is unnecessary or at least extremely expensive, and that it highlights the fact that Microsoft doesn't really have an organic growth strategy?

  • Europe is higher on talk of yet another Greek bailout package from the IMF: a proposed $145 billion package to help Greece through 2012 and 2013. But the most important event of the morning is that Greece sold 3 month bills at a yield of 4.88 percent, only a little higher than last month's auction. Apparently the Greeks have not been completely shut out of the capital markets.

  • Consolidated NYSE volume today was 3.05 billion shares — one of the lightest volume days of the year, no surprise given that Citigroup traded a measly 49 million shares on the first day of its 1-for-10 split, a roughly 85 percent drop from its recent volume of about 400 million shares.

  • For all the hype, Chinese IPOs recently have been great out of the gate, but have faded quickly. Are investors over-invested, unsure about the data being provided, or just unwilling to be long-term holders?

  • The dollar's rally of the past three days is not so much a dollar rally as it is a euro reversal. It began last Thursday, when Trichet implied there may be no June rate hike. Then there is the realization that Greece is effectively locked out of the capital markets and its position is becoming increasingly untenable.

  • Bob Pisani

    A CNBC reporter since 1990, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.

Wall Street