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.
"It's pretty simple," he said. "About 53 percent of my trades are winners, 47 percent are losers...we make a penny [gross revenue] on each winner, so you can figure out my profits if you know the volume...but on any given trade, it's a coin toss as to whether we make anything."
I was on the phone with one of the oldest traders I know (up 6 percent this year) as the Dow hit down 500 a short while ago. "Hold on, I gotta call you back," he said. When he did, 15 minutes later, he had covered all his shorts.
Reports that the ECB may be on the verge of a deal with Italy to buy Italian bonds in exchange for a balanced budget amendment, and labor, welfare, and infrastructure reform have reversed the markets, with a 40-point move in the S&P 500 in little more than an hour.
If the House vote fails, that's a clear negative for the markets and would lower the chances for tax reform.
While the S&P 500 is only 2 percent off its recent historic highs, other sectors are already in correction territory.
The markets are being weighed down by a few key red flags right now.
The bond traders might be misreading the signs on growth and Trump, writes Bob Pisani in his latest Trader Talk post.
Markets could become more volatile now that they are hostage to a Congress that has shown it may not easily fall in line behind President Trump's policies.
Shares of discount retailer Five Below rose Thursday after the company reported earnings that topped expectations.
OPEC faces a serious price crash if it doesn't put the best face possible on its production deal and extend it when it meets in May.