A CNBC reporter since 1990, Bob Pisani has reported on Wall Street and the stock market from the floor of the New York Stock Exchange for more than a decade. Pisani covered the real estate market for CNBC from 1990-1995, then moved on to cover corporate management issues before moving to the New York Stock Exchange in 1997.
He was nominated twice for a "CableACE Award"—in 1993 and 1995.
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, Bob 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.
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The S&P 500 has hit a 3-month high; shorts are looking to cover as the month closes out. As I've said before, it wasn't supposed to be this way; many big names-including big quant funds-were positioned short going into earnings season, under the assumption we would sell into the rallies in March and the first half of April.
Stock action in the last week of the month supports bull position. Remember the bull position: that the great decline in stock prices, combined with government support, along with economic news that will prove to be "less bad" as the months go on, is providing a floor under the stock market.
Great. As if the bank stress test wasn't confusing enough, as if the auto restructuring wasn't enough uncertainty, now we have half of the trading community frantically Googling "Tamiflu" this morning. The concern is that swine flu this could create another slowdown in global travel just as we are trying to figure out a bottom. Commodities, airlines, and hotels are weak this morning.
Futures are off their highs and are set for a fairly flat open this morning. While futures strengthened following an encouraging report out of Ford early this morning, a round of cautious earnings guidance from other industrial companies dampened investors’ enthusiasm.
Steel companies are finally realizing the need to deleverage, consolidate and restructure.
Many strategists seem nervous that economic data going forward will come in lower than expected. They might be right.
Stocks slowly erase earlier losses despite global worries like Brazil's elections.
Brazil, Hong Kong, Spain —take your pick. International uncertainty abounds.
October could have a list of market demons to contend with—from a U.S. monetary policy shift to geopolitical issues that include Hong Kong.
Shares of companies that are studying vaccines for Ebola climbed after officials announced that the first case of the disease in the U.S.
The former Pershing Square analyst who told his roommate about Bill Ackman's big Herbalife short early is not who you think.