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.
Surprise! Stocks staged a modest rally — before slipping back on Fed rate-hike comments — on the results of the 10-year Treasury auction, which yielded 3.90 percent, above expectations of a yield of 3.94 to 3.95 percent. Indirect Bidders (generally viewed to be central banks) was 43.1 percent, well above the average of 40.6 percent...
Yikes! The Mortgage Bankers Association reported that 30-year fixed rate mortgages jumped a quarter point to 5.31 percent (!!) last week, the highest level level since August. Little wonder the volume of mortgage applications fell 11 percent. Also: retailer optimism and a caution on bank earnings. (UPDATED)
Yikes! The Mortgage Bankers Association reported that 30-year fixed rate mortgages jumped a quarter point to 5.31 percent (!!) last week, the highest level level since August. Little wonder the volume of mortgage applications fell 11 percent. Also: retailer optimism and a caution on bank earnings.
Is commercial real estate back? REITs and big banks lead the upside today. Strong volume in real estate ETFS today, like the ProShares Ultra Real Estate, as well as the ProShares UltraShort Real Estate ETF. Why are REITs rallying? Several reasons...
FOMC minutes today: Is this the time to push more aggressively to eliminate the "exceptional and extended" language? Aside from a lone dissenter, there has not been any indication that the Fed will end its key statement that interest rates "are likely to warrant exceptionally low levels of the federal funds rate for an extended period."
April has started off well, already up 1.1 percent for the Dow. Remember, April is the still the best month for the Dow Industrials, up an average 2 percent since 1950, though there is often a dip right after the tax deadline ends. And: Banking and housing stocks have seen dramatic moves this year, and are the subject of two interesting analyst calls this morning.
Retail sales for March: another month that may be better than expected. While everyone is fixated on the jobs report, watch out for March same store sales, due April 8. February retail sales were better than expected, despite bad weather, now the same may happen for March. Same thing: poor weather pattern in third week in the Northeast, but early reports seem to be encouraging.
Auto dealers and a couple small cap retailers are standouts today. The strong GM March numbers (sales up 43% vs. 27% estimate), combined with a strong earnings report from CarMax, is moving the automotive dealers like Sonic Automotic, Penske Automotive and Lithia Motors.
Markets have come off their highs earlier in the morning as Goldman Sachs has lowered its March jobs growth forecast to 275,000 from 200,000. Market consensus now down to 185,000 jobs growth. Regardless, there are many positive signs for the markets this morning.
Better news on manufacturing surveys in China, as well as a decent reading on Japan's Q1 Tankan report, helped the Asian markets overnight. Europe also up about 1 percent. And: In another sign the IPO markets are returning to life, Primerica priced 21.36 million shares at $15.00 — 3.36 million shares more than anticipated