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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Late day buying almost pushed the S&P 500 into new high territory--but fell back just at the close. Still, it was an impressive rally: we started the day with typical light summer volume; stocks were immediately under pressure from higher Treasury yields and a higher dollar.
If last week is any indication, the market focus will be less on stocks and more on bonds and the dollar; while the dollar staged a late-week rally, the Treasury auction this week and continued weakness in long-dated Treasuries continues to be a worry for traders.
The dollar is rallying, hurting commodities and commodity stocks. Why is the dollar rallying? Better economic news implies higher rates, which makes the dollar more attractive as an investment. A higher dollar means dollar-denominated commodities are more expensive to buy.
ADP said May private sector jobs fell by 532k, about in line with expectations of a drop of 525k. The good news is that the level of job losses has clearly stabilized; the bad news is that we are still not seeing much of an increase in hiring. Bottom line: unemployment rate will continue to rise, at least in the near future.
CNBC has announced a strategic partnership with Kensho, a company set up to answer complex financial questions.
European markets are having a moment, while retailers turned in mixed results on quarterly earnings on Wednesday.
The IPO rush begins! There are 12 deals that are set to price this week. This is the rush to get deals done before Thanksgiving!
Japan's economy unexpected fall into recession increases the likelihood of demands for further stimulus.
Stock-picking fund managers are testing their investors patience with some of the worst investment returns in decades.
A number of tricks used by China's bankers will likely undercut any attempt to measure any change in lending stemming from the PBOC's rate cut.