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.
The main topic of discussion this morning was Mario Draghi's interview in the Financial Times, where he warned that any country trying to leave the euro zone would still face austerity measures and would be "in a much weaker position." He reiterated no increase in the current bond buying program, and no printing money.
Surfing the yield curve: Someone is buying an awful lot of European debt recently, particularly at the short end. Huh? Isn't European debt toxic? Well, sort of. But the ECB will have a new long term lending facility (up to 3 years) that will soon come into effect. This was all part of the announcement last week.
The euro is having another lousy day, breaking right through $1.30 on the euro-dollar, now approaching the lows for the year that we last saw in January. The immediate cause was Italy's five year bond auction, which cost them a record 6.47 percent. They paid 6.3 percent in November.
The growth of Amazon has the potential to disrupt "middlemen," putting trillions of dollars on the line.
Banks fees have been pushed up in recent years and there doesn't appear to be a limit.
Beyond just trading of stocks and bonds, another growth engine is emerging.
There are pockets of the market that are arguably overvalued, but the S&P itself is only modestly stretched.
Citi shares rose 3 percent Tuesday as the financial firm began its first investor day since financial crisis.
This is the big problem market strategist Stephen Wood sees in nearly every portfolio right now.
For the first time since receiving three government bailouts during the 2007-2009 financial crisis, Citigroup is holding a day-long conference for investors.