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.
Stocks have rallied in the late morning on a Reuters headline, "Eurozone governments have decided in principle to help Greece." This is good news, and bad news. Good news for Greece because they will likely get cheap loans (like 4 percent) to tide them over. The bad news; it doesn't address the structural problems.
Standard and Poor's revised their credit outlook on Citigroup and Bank of America to Negative from Stable. Traders noting that Standard and Poor's is attempting to remove the Too Big To Fail premium that has been enjoyed by these large banks, which has been a major help to their credit ratings.
Speculation that some kind of assistance to Greece is coming (even though the Greek Prime Minister says he doesn't want any assistance). EU heads of state will be meeting in Brussels on Thursday. The big question: Will Germany endorse some kind of rescue package? Also: China buying hard assets — oil and gold.
Friday's late day reversal seems to have calmed overseas markets; European indices are plus or minus one percent for the most part, though Greek bonds are again weak. There are 3 percent to 4 percent declines in European banks. These banks have recently been dragged down by concerns of exposure to worrisome bonds issued by Greece, Spain, and Portugal.
It happened again. Europe closed, stocks here dropped down a bit, and the dollar rallied ... commodities dropped. This is the second day in a row this has happened. Traders speculating that there was a sell program in Europe selling risk a the close of their day, seeking to be flat over the weekend.
Dollar just rallied to the highs of the day (dollar index at highest level since July)...on that, oil dropped $2, copper down 1.3 percent (lowest level since October), gold dropped about $5, also lowest level since October … S&P 500 moved down about 3 points, just above the lows for the day.
Optimism on the jobs report is fading. Traders noting that White House Press Secretary Robert Gibbs said earlier today there could be big revisions in the jobs report out tomorrow. Some are saying total job losses could be near 8 million, as opposed to 7.2 million currently reported. Plus: Is Greece the new subprime?
January retail same store sales: how could the numbers be so far off? Retailers, for the most part, reported numbers higher than expected, in some cases WAY HIGHER than expected. How could sell-side analysts, who provide the estimates, be so far off? There's two problems...
These are two developments next week that may impact markets.
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.
Ray Dalio's fund slumped in August and some investors blame the strategy of such funds for the volatility that slammed stocks and commodities.
For all the talk about the 250,000 jobs a month the economy is creating, workers' real wages are going backward.
Volatility could probably last anywhere from three to four months, Brian Jacobsen of Wells Fargo said.