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.


  • Where traders' heads are at: the jobs report was the biggest report of the month, and they are now trying to figure out how to play it going into the end of the year.

  • China mania! Starting Monday: Chinese IPO week! Huh? In a ho-hum year for IPOs, traders are bracing for SIX Chinese IPOs next week, the largest number of Chinese deals in a single week ever.

  • Lousy jobs report, fear goes up, right? Wrong. CBOE Volatility Index (VIX) DOWN 6.3 percent, to its lowest level since April. That's before the Flash Crash, folks. What gives?

  • Predictions_2011_93.jpg

    US stocks dropped on the disappointing nonfarm payroll report (39,000 jobs vs. about 150,000 expected) and an increase in unemployment to 9.8 percent from 9.6 percent. Revisions for September and October were slightly higher. Perhaps most disheartening is the 0 percent growth in the average hourly earnings.

  • Housing has been the missing ingredient in the bull argument that the economy is improving, but October pending home sales (which measures contracts, not closings, and is therefore a better forward-looking indicator) were WAY ABOVE expectations of 0 percent growth.

  • S&P futures had dropped a point or so as initial jobless claims for the week came in a bit heavier than expectations, 436,000 vs. 422,000 consensus. Prior week was revised upward to 410,000, from 407,000. Also: good news, nad news for retail.

  • There are three legs to the bulls' stool. For the last couple weeks, bulls have been arguing — successfully — that two legs of the stool were firming up.

  • A man in handcuffs.

    The US economy will improve, the gold bubble will pop and the US bond market will decline.

  • Will they or won't they give more to the IMF? It may be tough even if they want to. Stocks popped up midday on a Reuters headline that the U.S. may back a larger Euro financial stability package via the IMF (citing an unnamed official), which was shot down by a Dow Jones headline an hour later.

  • Trichet has made vague comments about the need to expand the European Central Bank's role in the crisis, and proposals are flying about issuing joint bonds for the entire euronation. Also helping: continuing strength in China.

  • 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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