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.
With yesterday's move up, it's pretty clear that the uptrend is intact. Other widely watched indicators like the NYSE Operating Company Only Advance-Decline Line, a composite of advancing versus declining stocks, remain at new highs. The other piece of good news is that there has been a notable absence of selling pressure, one reason volume has been so anemic.
Two things helping the market today...the economic data and the calendar. We got better data today on China manufacturing and on the U.S. ISM...that's a big help. But the other factor is the calendar. Why? It's a New Year! You gotta put the money to work, you can't coast anymore.
Interest rates the topic on stock trading desks this morning. I briefly saw a friend of mine who works for a mortgage company yesterday. He was working late updating the mortgage quotes for his company and was somewhat in a state of shock: 30-year mortgage rates had gone up over a tenth of a point in a single day, an almost unheard-of jump.
Wall Street pay and shareholder performance don't always line up, with a few caveats.
"Are they really taming volatility with their bond-buying, or just jamming it into a coiled spring?"
GE picked Deutsche Bank to sell Italian lender GE Capital Interbanca as part of a strategic review to refocus its industrial base, sources said.