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

  • Forget Greece or Treasury rates — the biggest frustration for traders remains the lack of volatility, which has led to woefully low volumes for the past month. Don’t let yesterday’s little blip up fool you, the action has been lousy recently. Why does this matter?

  • European banks trading higher as a deal to help Greece has crystallized: coordinate bilateral news from euro countries, with the partial help of the IMF. Regardless: traders (who don't normally talk politics) are passing around articles about elections in Germany, France and Italy...

  • Dollar rallying, euro sinking, stocks off their highs as ECB President Jean-Claude Trichet gave an interview to a French TV network saying IMF aid for Greece was a "very, very bad" thing.

  • Best Buy up 6 percent pre-open, earnings of $1.82 above consensus of $1.79, revenues of $16.5 billion also above consensus of $16.08 billion, a 12 percent increase from the same period last year. Comp store sales were up 7 percent. 2011 guidance is $3.45-$3.60, above $3.37 estimates.

  • Tougher day for stocks, as the poor 5-year Treasury auction appears to have put upward pressure on Treasury rates. Stock traders not sure what to make of this...

  • The S&P 500 lost about 6 points just after 11am ET, led by financials. Sen. Chris Dodd and Rep. Barney Frank held a joint press conference at this time; while no news was broken, Dodd said he was hopeful a financial reform bill could become law before Memorial Day. A more likely cause for the drop was due to Kansas City Federal Reserve President Thomas Hoenig...

  • New home sales of 308,000 for February, below consensus estimate of 315,000, is the lowest on record. Record keeping on new home sales began in 1963.

  • IPO market shows signs of life! Look at MaxLinear, Calix Networks, and First Interstate BancSystem.

  • European stocks weakened as Fitch downgraded Portugal's credit rating to AA- from AA, with a negative outlook. Predictably, this caused another drop in the euro, which is now at the lowest level against the dollar since May of last year.

  • Existing home sales, while in-line with expectations at a seasonally adjusted annual rate of 5.02 million units, are still disappointing.

  • 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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