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.
The US' Citigroup common share sale news is no surprise, but hopefully it will sun a light on the potential windfall for taxpayers. The government owns 7.7 billion shares at $3.25. Right now, at roughly $4.25, it is sitting on a $7.7 billion profit. Whether they can get that price over the next several months depends on a number of factors. Let’s look at two broad issues.
International markets are to the upside, for the most part. The Shanghai Composite closed up 2.1 percent and is now at a 9 week high. Greece announced plans for a new 5 billion euro seven-year bond that will yield about 6 percent. The dollar is falling for the second straight day as waning sovereign debt concerns in Europe. That is giving strength to commodities in early trade.
AT&T joins Deere and Caterpillar in taking a charge (in this case, $1 billion) due to the health care reform bill. You will be hearing this from many companies. In this case, there is a charge to earnings this quarter for companies that get a 28 percent subsidy from the feds for prescription drug coverage for their Medicare retirees. That subsidy is being reduced.
Forget Greece or Treasury rates — the biggest frustration for traders remains the lack of volatility, which has led to woefully low volumes for the past month. Don’t let yesterday’s little blip up fool you, the action has been lousy recently. Why does this matter?
European banks trading higher as a deal to help Greece has crystallized: coordinate bilateral news from euro countries, with the partial help of the IMF. Regardless: traders (who don't normally talk politics) are passing around articles about elections in Germany, France and Italy...
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...
XFin conference kicks off
The argument for including mainland China in MSCI's Emerging Markets Index is a fairly simple one: It is underweighted in global indices.
NYSE gets a facelift
Do ETFs pose a risk to the marketplace in times of high volatility? Possibly, but there are no specific accusations.