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.
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...
How do you shrink the deficit now that Medicare and Medicaid are "off the table for deficit reduction?" By taking on benefits in the second biggest entitlement: Social Security. Or at least that's what the New York Times is suggesting in a front page story which is being widely passed around on trading desks.
IPOs: A lousy start to the year, but that may be about to change. About 15 IPOs have happened so far this year, a poor showing, and of that only a little more than half are trading above their initial pricing. Others have been postponed. But this is the busiest week of the year in terms of numbers...at least five IPOs are coming, maybe more. What's driving things?