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

  • earnings_central_badge.jpg

    Options expiration day. Global markets are mixed, futures down fractionally, as the Greek Prime Minister said restructuring of the debt was not going to happen (no one seems to believe him). This is not a bad start, considering earnings season has not started with a bang.

  • Another hot IPO pricing tonight: I know, everyone has been excited about the IPO of Zipcar, priced at $18, opened at $30, closed at $28, and Arcos Dorados, priced at $17, opened at $21, closed at $21.20—but there's more coming tonight.

  • Futures are weaker, the Greek stock market is down 2.2 percent this morning as many seem to believe that some kind of restructuring of Greek and possibly Portugese debt is inevitable. There is talk that rather than an outright default this would entail simply extending the maturity of the debt. But since this would clearly violate the terms of the contract, it would be hard to not call that a default.

  • At 3:30pm ET, traders were telling me the deal size was being upped to at least 70 million shares at $15-$16 — but by 4:15 (after the book had closed) the deal had been increased to 73.5 million shares at $17 a share.

  • Hot IPO pricing tonight at NYSE for trade tomorrow: I have been telling you about the excitement around the IPO of Arcos Dorados Holdings. What's so exciting about it? They are the largest franchisee of McDonald's in the world.

  • Stocks come off their lows as the President finished his speech...some say it is relief the President is tackling the deficit, some saying it's because it will be tough getting some of his proposals passed.

  • Will "find additional savings in our defense budget;" will "further reduce health care spending in our budget...will reduce wasteful subsidies...cut spending on prescription drugs..." and refuses to renew tax cuts for the wealthiest Americans.

  • JPMorgan kicked off a good, not great, earnings report season for banks...but traders have been selling banks mid-morning because there is no loan growth outside of the commercial area and no revenue growth...what the banks really need is stable economic growth to drive revenues.

  • JP Morgan up over 1 percent pre-open, reported earnings of $1.28, 12 cents better than consensus and a 72 percent improvement over the $0.64 reported for the same period last year. Revenues of $25.22 billion were in-line with expectations.

  • Lower energy costs are good, right? Alcoa specifically cited higher energy costs as a problem. So why isn't lower oil helping stocks?

  • Bob Pisani

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

Wall Street