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 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.

More

  • I have been asked about Lentuo International (LAS), the largest private automobile retailer in Beijing (Thursday), which priced 6.5 million at $8 but has not been released yet. This is below the price talk of 7.5 million at $11.50-$13.50. There's more...

  • China raised the reserve requirement ratio (the amount of money banks must keep on reserve). This comes ahead of that country's November CPI data, due to be released tomorrow. Also: United Technologies (UTX) provided guidance for 2011 that was moderately below consensus

  • The news on the trading floors: Nevada seems to be stabilizing; activity surrounding AIG; and a loser China IPO.

  • S&P futures pop about 4 points, the dollar weakens, as initial jobless claims for the week come in at 421,000, a bit lower than the 429,000 consensus. China IPO mania continues: 2 other Chinese IPOs price overnight.

  • AIG is repaying a $20 billion credit facility to the government. They are getting the money from a sale the sale of an IPO of 67 percent of AIA Group and the sale of American Life Insurance company (ALICO), which closed on October 29, 2010 and November 1, 2010, respectively.

  • Financials leading the markets Wednesday on the simple principal that a steeper yield curve is a help to banks. But there's another factor helping banks.

  • The poor reception to the 3-year Treasury auction yesterday — where yields moved up — put upward pressure on the dollar and caused materials and energy stocks to drop. It's happening again today.

  • Two big Chinese IPOs priced last night above the price talk and will begin trading this morning at the NYSE.

  • Energies and commodity stocks were hit midday. The problem was in the bond market: once the 3-year auction results were announced at 1pm ET (they were poor), Treasurys yields began backing up across the board.

  • The S&P 500 dropped about 5 points, the dollar moved to its highs for the day and Treasurys dropped at about 3pm ET, likely on this Reuters headline... (UPDATED)

  • 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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