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.
Russia's RTS Index was the first global index to hit the correction stage (down 23 percent since hitting its recent high on June 2nd), but now the MSCI Emerging Markets Index (EEM in its ETF form) is also down double-digits since hitting its recent high on June 1st.
Is the rally over for the year? Not likely, but there is good reason for a pause. The World Bank taking down global growth rates goes to the core argument of the bears: that the economic recovery (and earnings recovery) will not live up to expectations.
Stocks are weaker, the dollar is up, as the World Bank has cut its 2009 global growth forecast, saying the world economy will shrink 2.9 percent, worse than prior predictions of a decline of 1.7 percent, and noting that a retreat from emerging market investments will deepen poverty in less developed countries.
With no significant economic data and few earnings reports released today, futures are modestly higher on this quadruple witching Friday. While volume and volatility have continued to be seasonally light, traders expect a little pop at the open on the expiration day of stock and index futures and options.
Regulatory reform: little consensus on how much -or what kind- is needed. As the President unveils his financial regulatory reform proposal, Standard and Poors chose this morning to bluntly state that this was one of the reasons they lowered their ratings and outlook on 22 banks this morning:
Pimco's new chief investment officer may be starting to show signs of modest success, but it is a long road back.
Disney shares are trading at an all-time high, up nearly 45 percent over the past 12 months.
Oil has now broken below many Wall Street targets and look set to test the year's lows and beyond, before finding a bottom.