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

  • The boost to stocks as European Union officials endorsed the $115 billion debt bailout has proved short-lived. The euro has weakened, the dollar strengthened (to a 2-month high), and most major bourses in Europe are down about 1 percent after being up overnight

  • There's a problem with insider trading: no statute defines exactly what it is. You can't read a statue and easily understand what you can and can't do. You have to be able to interpret case law — or get a good lawyer to explain it to you.

  • S&P futures had popped about 5 points as initial jobless claims were better than expected, and at 407,000 the lowest since July 2008. Also:  Luxury retailers keep rolling; Deere falls on mixed earnings; big BP natgas find.

  • While reports that mutual fund Janus Capital has received requests for information regarding an insider trading probe may not come as a surprise, it is "another kick in the stomach for the industry in general."

  • Are traders getting hurt by the strength in the dollar? While many traders were short the dollar for months, the Commitment of Traders report indicate that while market speculators are still short, they are not nearly as short as they were a few months ago.

  • European stocks have closed on the lows of the day. This may help US market: European institutions should be done selling stocks and the euro...this may help lift the euro and weaken the dollar.

  • The North Korean attack, and continued concerns over the spreading European debt crisis (specifically Spain, which has a GDP almost twice as large as Ireland, Portugal and Greece combined) are weighing on stocks today. Spain's stock market is down 2 percent.

  • A cynical, perhaps short-term calculation that any firm that announced it was being raided might see redemptions, which would force it to sell holdings.

  • Several issues around euro zone bailouts, traders tell me: Ireland, Portugal and Greece. Is this the end or are we watching for other like Spain to follow suit? What about other 'peripheries' we haven't really been discussing, like Hungary, Czech, etc. And there's more...

  • Bob Pisani is on vacation. Trader Talk will return on November 22.

  • 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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