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.
OK, has everyone calmed down on China? Did you see that Australia RAISED its estimates for iron ore exports — most of which go to China — by nearly 3 percent? Get the point? Some very big money is betting on a soft landing in China, not a hard landing. Iron ore imports will continue to grow, just at a slower pace than the 24 percent average growth it saw between 2000 and 2010.
I bet Ian Ashby, the president of BHP's iron ore division, is scratching his head over the reaction to his comments that iron ore growth from China would be slowing down to single digits. Global stocks were down on this comment, with key material and industrial stocks down two to three percent.
The Street is enamored with the old "sell in May and go away" philosophy; everyone seems poised for a sell-off, or at least a consolidation. Never mind that many of those spouting these clichés have lost a ton keeping their short positions on for the last couple months: The economy is just not improving the way everyone keeps saying, they insist, and dammit I am going to be right — at some point.
Tamer inflation (somewhat): The dollar dropped, stocks futures rose a point or so, as February Consumer Price Index came in at 0.4 percent, in line with expectations, with core at 0.1 percent, slightly below expectations. Yields on the 10-year Treasury moved up to 2.33 percent. This has been a big week for bonds: The 10-year closed last Friday at 2.029 percent, it's up 15 percent in five days.
Treasurys remain the big story: The yield on the U.S. 10-year note hit 2.3479 percent, the highest level since Oct. 28. The U.S. 30-year bond yield hit 3.4902 percent, the highest level since Sept. 2. The dollar finally appears to be taking a break; gold down fractionally and European stocks are trading mostly higher.
Mixed signals are both lifting stocks and keeping the gains in check, but a pullback may be long overdue.
Amazon's Whole Foods buy likely undercut Blue Apron's IPO pricing, Bob Pisani says.
Rates are jumping right now after global central bankers promised inflation is eventually coming.
Analyst Rich Ross is getting bearish, calling to sell semis and spotting disturbing trends in asset classes.
The next at least three years are going to be a period of catch up on bank payouts, said Tom Brown. Bill Smead called the news "very exciting."
The Fed appears to have gone soft on U.S. banks after the regulator opted to clear every major lender in its latest annual review, according to former Federal Reserve official Carl Tannenbaum.
The Federal Reserve did not object to any of the capital plans of 34 banks it reviewed in an annual test implemented in the wake of the financial crisis.