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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As expected, 10 banks are being permitted to repay their TARP money, a combined $68 billion. Oddly, they didn't name the banks, but it's JPMorgan, Goldman Sachs, Morgan Stanley, US Bancorp, American Express, Capital One, BB&T, Bank of New York, State Street and Northern Trust.
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.
The IPO business: This year was huge for IPOs, and 2015 may be even better.
Trying to pick a bottom in energy stocks
It's been the busiest year for IPOs since public offerings hit a record in 2000, and market debuts look set for a strong finish to 2014.
Emerging markets are looking weak, and the effects of oil's plunge is spreading through the market.
The surging power of activist investors is bolstered by a growing ally: public pensions and other big institutions.
Crude oil futures fell sharply, signaling traders that the selling is not over.
The Fed gave banks more time to meet a provision in the Volcker rule that bans them from betting with their own money through investments in risky hedge and private equity funds.