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 2017, Pisani was honored with a Lifetime Achievement Award from the Security Traders Association of New York for "dedication to the Association and the Industry."

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.


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    U.S. stock futures, as well as European markets, turned lower as the German Finance Ministry said it saw no need to give the European Stability Mechanism a banking license.

  • EU building flags brussels

    Reports (vague rumors) that ECB head Mario Draghi may have reached out to Bundesbank head Jens Weidmann moved the Dow more than a hundred points in the middle of Friday's trading day.

  • Wall Street sign

    No one seems to believe that the stock market is having a very good year.

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    Why I'm not delighted with today's market action: Mario Draghi is buying more time for the eurozone. That's good news. But traders are still not covering their shorts.

  • European Central Bank President Mario Draghi testifies before the European Parliament's economic affairs committee in his role as the head of the European Systemic Risk Board on May 31, 2012 in Brussels.

    Despite the clear trend toward reducing second-half earnings outlook, the U.S. markets are not cracking, no doubt because of the global central banker put that is clearly showing its hand.

  • european_union_crack2_200.jpg

    I said earlier we are in a "doom loop": if Spain is forced into asking for a full bailout, Italy will be in play. That means the chances for a full-scale euro breakup (forget about Greece) increase dramatically.

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    A ban on short selling of all Spanish stocks for three months. A ban on short selling of Italian financial stocks for one week. Both of these measures were taken for the same reason: to ensure "financial stability." Why don't the regulators get what this does to markets?

  • Spain

    This is a pretty simple story today: If Spain goes into full sovereign bailout, that puts Italy into play. The European Union cannot allow that to happen, because if it does, the euro will likely break up.

  • wallstreet_chart_200.jpg

    Earnings trend continues: Most companies beat, but revenues are light. It happened again today with General Electric and Ingersoll Rand: Both beat on the bottom line, both are a bit light on the topline.

  • stock-chart-falls-off-computer_200.jpg

    There is a sawtooth pattern: the stocks spike up on the hour, exactly on the hour, rise going into the half hour, then sell off, bottoming just before the top of the hour. Then buying resumes exactly at the top of the hour...again. And again. And again.

  • Bob Pisani

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

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