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.
The reputation of the U.S. is declining overseas. During my recent trip to Turkey, I got smacked in the face by a rotating cast of international fund managers, Turkish businessmen...even tour guide operators...all furious that the U.S. appeared to be dropping the ball and shirking its responsibility to make sure the U.S. Treasury bond was the gold standard (read: "risk-free standard") for the world.
Just back from ten days in Turkey, a country with one of the strongest growth rates in the world — over 9 percent, on a par with China. I was accosted by several European money managers furious about the U.S.'s inability to deal with the debt ceiling extension.
Stocks came off their highs right after 10:30am ET, when traders threw a hissy fit and sold the market after Mr. Bernanke threw cold water on QE3 during his congressional testimony. Shortly after, I ran into an old trader friend on the NYSE floor I hadn't seen in some time.
Stocks began to fade about 10:30am ET. That's when Mr. Bernanke, testifying for a second day in Congress, responded to the question "Why not start a new round of easing?" — by saying that the Fed was "not prepared to take further action." Why not?
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.