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 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.


  • One reason for the market's late day weakness: Apple just crossed below its 200 day moving average ... $327 and change ... for the first time since April 2009 , when it was $116.

  • Euro Stress: Goldman Targeted?

    Once again, there is considerable confusion over what will happen in Greece. We had a discussion on-air about whether U.S. investors should care about what happens with Greece. They should. Here's why:

  • While many are laying the blame for the last two days market turmoil (Dow up 125 points one day, down 175 points the next day) on Greece, it should be noted that this is a quadruple witching expiration week (the quarterly expiration of individual stock and index options and futures).

  • As I returned from a London trip last week, I got lots of comments from traders about how the S&P is now trading at roughly 13 times 2011 consensus earnings estimates of $95. That certainly seems comparatively cheap. There are two problems.

  • There's talk of smaller bank capital requirements than expected, with banks selling for near book value or at a discount to book (as Barron's noted this week).

  • Bob Pisani is away on vacation.

  • So much for breaking the economic losing streak: for a moment, we were on the verge of breaking the two-week trend of economic news coming in well below expectations. Then pending existing home sales for April came in WAY BELOW expectations.

  • At an event last night to raise money for a fine charity, Wounded Warriors Family Support, a roomful of hedge fund traders were talking about the two big questions: 1) what the Fed will do post-QE2, and 2) why the market is holding up so well despite Europe and signs of a slowing economy in the U.S.

  • The GDP revision of 1.8 percent growth in Q1 was another disappointment in a string of economic disappointments in the past two weeks. With this lethal mixture of low growth/high debt, it's little wonder traders are wondering if some form of QE3 is coming.

  • The second estimate for Q1 GDP remained at 1.8 percent growth—that is a disappointment. Almost everyone was expecting the revision to be at least north of 2 percent. Initial jobless claims, at 424,000, was above expectations, another disappointment.

  • 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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