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.
Follow Bob Pisani on Twitter @BobPisani.
In response to the statement that the Nasdaq had declared "self-help" (refused to route orders) against NYSE Arca, a NYSE spokesman said, "There are all kinds of false positives for self help, and people declare against us sometimes for no reason at all."
The House has posted the testimony of both Larry Leibowitz of NYSE and Eric Noll of Nasdaq before the Financial Services Subcommittee, scheduled for 3pm ET today. Mr. Noll noted that as of yet there was no clear "'smoking gun' that single-handedly caused or explains Thursday's events." However, he said three events occurred around the critical 2:40-3:00pm time period last Thursday...
That didn't last long: euphoria over the EU deal already wearing off: Spain down 5 percent, Portugal down 3 percent, Italy down 2 percent...euro weakness resumes. At least Germany backed the plan. But some are arguing that letting the euro continue to devaluate will be a long-term help to the EU economy.
The SEC has issued a statement on its meeting with NYSE Chief Duncan Niederauer and Nasdaq chief Robert Greifeld: "As a first step, the parties agreed on a structural framework, to be refined over the next day, for strengthening circuit breakers and handling erroneous trades." But what kind of circuit breakers?
NYSE and Nasdaq meets with the SEC. The SEC has two choices: 1) scrap the system whereby the NYSE (and Nasdaq, if it chose to do so) can go to a slower market, even if for only a few seconds, or 2) require all market participants to follow the primary market maker when they slow trading in volatile markets — to have uniform rules for circuit breakers. My bet, based on discussions with market participants, is...
Why do stocks have a slight bid to them in the U.S.? Traders are saying that the busted trades are creating a bid on the Street. Fat fingered trade? Computer glitch? It's possible that one of these was the cause of yesterday's drop, but as traders stream into Wall Street, the worry is that this could have happened without a computer glitch or fat fingered trade.
If Greece leaves the euro, this will be a rolling crisis, not one that ends next Monday.
Morgan Stanley said investors should not buy Friday's pullback in Chinese stocks because the market has topped.
Eight were scheduled to price overnight, and so far only six have made it.
It may be a lackluster trading day, but once again banks are rallying to new highs.
Hedge fund managers like Paul Singer, Dan Loeb and Seth Klarman have been big backers of gay marriage in recent years.
Investors believe the global economy is positioned to weather Greece's potential exit from the euro zone, Jason Trennert said.
The BIS finds the global economy's reliance on monetary policy "deeply troubling," the FT reports.