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.
Politics the hot topic on trading desks this morning. Democrats lost gubernatorial races in Virginia and New Jersey. TraderTalk is that: 1) this will change the tenor of the healthcare debate, and 2) put more onus on the Fed to help the economy because the fiscal side of economic assistance—another stimulus plan, for example—is now out the window.
While the Burlington Northern deal is getting a lot of attention, it has not brought pre-open trading in the S&P futures into positive territory yet. Risk aversion has become a more prominent theme since last Wednesday, when the S&P 500 dropped below its 50-day moving average for the first time since July.
Another important week for IPOs, as hotel giant Hyatt Hotels (symbol: H) is expected to price Thursday for trading Friday at the NYSE; seeking to raise over $900 million: 38 million shares at $23-$26. Lots of drama here, surrounding the Pritzker family infighting.
China's Shanghai Index up 2.7 percent as Chinese PMI was stronger than expected. U.S. ISM will be released at 10 Am ET. And that's the point: with earnings season just about over, it is economic news that will be the driver for the next couple of months.
Stocks have given up all of yesterday’s strong gains now. The markets drifted lower into the early afternoon as the dollar flirted with its own session highs. Then, as the S&P 500 fell below its Wednesday close of 1,042 (which was a 3-week low), the markets took another move lower. A notable increase in volume of the S&P 500 SPDRs was also seen by traders as the S&P fell below this support level.