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.
Citigroup did (finally!) announce the terms of its trust preferred offering: $2 billion (80 million shares), par $25, at a yield of 8.5 percent. The surprise here is the yield: 8.5 percent, less than the 8.875 percent that traders had been told last night. Demand was much stronger than expected, resulting in a lower yield than initially telegraphed.
China reported better than expected February export data, up 45.7 percent (!) from a year ago. Banks continue to raise capital. Still waiting for Citigroup to announce details of their trust preferred offering. And Northeast regional bank Susquehanna Bancshares announced a pricing of common and trust preferred securities.
Select financials moved midday: Citi up 7 percent, Fannie Mae up 13 percent, Freddie Mac up 16 percent, AIG up 16 percent. The one thing they all have in common: big government ownership of their shares. I have heard vague rumors that the government may attempt to restrict short selling in names that they own. This makes little sense, since the government has already had a poor experience with restricting short sales in financials....
Dividends: the tide has turned; more increases are coming. February is traditionally the month with the largest number of dividend increases, and it did not disappoint. Forty-seven companies increased their dividend last month (nearly 10 percent of the S&P 500). That is the best in two years and about twice the average of the last seven years...
Seems slow, but there is underlying strength here. New highs in the Nasdaq, mid-cap, and small-cap indices. More optimism on Europe. More optimism on Europe. As we move into the anniversary of the March 2009 low, Lowry — the oldest technical analysis service — reminds us that, despite the better than 60 percent advance in the S&P 500 from the lows, there is "none of the signs usually associated with a maturing or aging advance."
Stocks are up modestly in the U.S. and Europe on word that EU members were crafting a support program for Greece (Greece has rallied some 13 percent since bottoming on February 25), and that Dubai World is (finally) in discussions on restructuring $22 billion of debt. They could put the restructuring plan to creditors this week. They've been waiting...since November.
S&P futures popped about 5 points as nonfarm payrolls came in slightly better than expected (loss of 36,000 jobs vs. loss of 68,000 expected). Greece is up for the fifth out of the last six days, despite protests in the streets. Premier Wen Jiabao of China pledged to crack down on property speculation. (Good luck on that.)
Believe it or not, these big Chinese companies like Alibaba, the biggest e-commerce retailer by far, have not been represented in global indices.
Square was a canary in the coal mine for "unicorns" like Snapchat, Dropbox, and Pinterest.
The company raised $243 million, 25 percent less than what they had aimed for.
The NYSE is the latest exchange to announce it will no longer accept stop orders and good-till-canceled orders, beginning in February.
Three mid-level bankers in Goldman's tech investment banking group have left to take positions at ride service company Uber.
For a big group of stocks within the S&P 500, performance trends have been either decidedly positive or negative.
We asked the "Fast Money" traders what they were thankful for this Thanksgiving. Joe Terranova said, "The next 5 minutes."