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.
Moody's out again with the "may downgrade Portugal" line; Portugal down 1.7 percent, Spain down 2.4 percent, Greece down 4.9 percent. We have the British parliamentary elections on Thursday, as well as German regional elections over the weekend, which will be viewed as a referendum on Merkel's party and support for a Greek bailout. What's it all mean..?
US Senate is voting today on the first parts of the financial reform bill. Barbara Boxer from California set to add language that no taxpayer money will be used to bail out financial institutions. Looks like the $50 billion fund set for an orderly liquidation of a failed bank is dead.
Europe ended at the lows for the day, but that doesn't mean the euro's volatility is over: keep a close eye on the euro/dollar: It is sitting right above the $1.30 range, where there is almost certainly sell stops posted. What's going on? The most forceful arguments today are threefold...
U.S. futures, which were weak overnight on weakness in Europe and China, dropped a few more points near 8am ET on word that an improvised explosive device (IED) was found in a vehicle outside Aldgate East in London—a false alarm, according to reports. Greece and Spain are down about 4 percent, the rest of Europe down 1 to 2 percent. Why don't equity traders believe the Greek bailout will be helpful?
Talk about choppy trading...transports led yesterday, UP 135 points, today they lead the decline, DOWN 135 POINTS! Techs were strong yesterday, leading decline today; consumer discretionary like retail and home builders all led the market up yesterday, all weak today. In other words, all the higher beta names are weak.
Talk about a revised bid! Simon Property originally bid $9 for General Growth Properties, forcing GGP and equity partner Brookfield to submit a revised bid to the bankruptcy court so that GGP can emerge from bankruptcy and management could retain control of the company. Right at the close today, the WSJ said that SPG has offered $18.25 a share, TWICE its original offer.
Stocks closing near highs for the day; the big beta names are the movers. REITs, Transports, Home Builders, Retailers, Casinos all leading the charge. Dow Transports the first of the major indices to punch through to new closing high. BUT also bear in mind that this is the first day of the month, when new trades are often put on.
Offshore drillers are again under pressure on concerns that there may be a partial shutdown in drilling activity in the Gulf of Mexico: Hercules, Diamond Offshore, Noble and ENSCO are again weak today, as are smaller exploration and production firms with a primary presence there. But attention has moved this morning to those who might be involved in the cleanup.
The new reputational/political risk associated with the market in key stocks (BP, Goldman, Massey) is the biggest story of the week. A good example of the uncertainty in the trading community is a note sent out by Buckingham Research this afternoon regarding Goldman. It is titled: Litigation/Political Risk Too Difficult to Handicap...
ETFs being used to hedge Greece crisis
More than 120 companies have registered for an IPO, including several well-known names.
A look back at 40 years of loving the Grateful Dead.
What do euro zone leaders want? They want to get rid of Alexis Tsipras and the whole Greek leadership. They want to negotiate with a new team.
Goldman Sachs and Morgan Stanley would cease to exist under "living wills" drawn up to show how banks would handle bankruptcy in a crisis.
Oil's free fall could continue, with U.S. crude futures breaking $50 in the near future.
Last year saw a big shift in institutional investors in Greece, as it changed from developed to emerging market, according to eVestment.