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.
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Futures are down, but don't read this as a refutation of President-elect Obama. The S&P 500 has moved 11 percent in the past week, and many traders went home short on simple profit-taking.
One of the first orders of business for the new president will be a long, hard look at the budget. The budget deficit will be about $500 billion when Obama is sworn into office, but with the $700 billion TARP plan it should go to $1 trillion quickly.
Every day the macro picture has improved ever so slightly...it is baby steps, to be sure, but it is happening. Libor rates continue to drop, down for the 17th straight day to the lowest levels since June. Commodities are rallying, the dollar is weaker.
The search for the elusive bottom continues, but stability is foremost on everyone's mind. That's what we have been getting for the past couple days, and into this morning: the S&P 500 has swung in a roughly 10-point range this morning, downright quiet compared to the prior two months.
The markets have just turned positive, despite weakness overseas and disappointing Chicago PMI data. Keep in mind, the Dow hasn’t posted 2 consecutive days of gains in over a month.
The Dow has traded in a “tight” 290-point range today. Sound familiar? Well, that’s what happened yesterday, too… until the last hour of trading when the markets’ volatility reappeared, especially in the last few minutes of the trading day.
Hedge funds have seen the worst start to the year since the financial crisis, as returns in January and March were both in the red.
The Fed indicated to Citi that it would get more time to fix "stress test" planning problems before rejecting its capital plan.
Goldman Sachs reported quarterly earnings and revenue that topped analysts' expectations on Thursday.