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.
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.
Stocks mostly weaker today. Two factors: concern that the Fed's period of rate cuts is coming to an end (on this, commodities and commodity stocks are down, dollar is rallying); and the dismal new home sales number, at a 13 year low. No sign of a bottom here: unsold inventories remain at multi-decade highs...
Better-than-expected economic numbers this morning have moved futures up about 8 points; the dollar rallied and bonds dropped. Talk about food inflation -- Potash has been the beneficiary here. Same story from Bunge, one of the largest agribusiness companies.
GlaxoSmithKline is paying big in an effort to find cures for diseases of aging. They are buying Sirtris Pharmaceuticals for $720M in cash, or $22.50/share. This price represents an 84% premium over SIRT's closing price yesterday. Two things are going on here...
Futures about flat as oil is at least down a bit this morning. Earnings were mixed, and an IPO pricing was a bit disappointing. Boeing better than expected. ... How much money can an airline lose? Delta lost $6.4 billion, or $16.15 a share; its merger partner Northwest reported a net loss of $4.1 billion, or $15.78 a share...
Will Hilton pop on its debut?
Chinese IPOs heat up...again! Massive growth potential and dissipated transparency issues have helped.
Mastercard capped a busy year by executing one of the main drivers of the stock rally: A buyback.
This a high-quality IPO week. The list of companies going public includes come well-known names, like Hilton.