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.
China's Shanghai Index up 2.7 percent as Chinese PMI was stronger than expected. U.S. ISM will be released at 10 Am ET. And that's the point: with earnings season just about over, it is economic news that will be the driver for the next couple of months.
Stocks have given up all of yesterday’s strong gains now. The markets drifted lower into the early afternoon as the dollar flirted with its own session highs. Then, as the S&P 500 fell below its Wednesday close of 1,042 (which was a 3-week low), the markets took another move lower. A notable increase in volume of the S&P 500 SPDRs was also seen by traders as the S&P fell below this support level.
I have been asked repeatedly why the dollar is dropping on good U.S. economic news. In a U.S.-centric world, positive U.S. economic data would indeed be dollar-positive. But we don't live in a U.S.-centric world any more, we live in a global world.
Interest rates and the dollar are proving to be real wild cards for stocks. 1) Higher interest rates. Stocks weakened as yield on the 10-year broke out to the highest levels since August. 2) The dollar. It is rather ironic that when asked about scenarios that could reverse the market rally, traders typically mention a "sudden, disorderly drop in the dollar."
Materials, energy and industrials are very stretched on the downside. A typical quant would look at this as a potential buy signal.
Dollar strength, weak oil weigh on earnings.
Expectations for Amazon's full-year profit surged 220 percent following its blockbuster earnings report.
The slowing economies are leading to declines in commodity prices and a slowdown in capital spending.