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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524,000 jobs lost in December is pretty terrible, in line with estimates, but it is well below the whisper numbers of 600-700,000 that many were expecting. Despite the poor numbers, it is doubtful this will dramatically increase the size of the stimulus package.
Despite tremendous fear that the nonfarm payroll report would be a complete disaster tomorrow, traders acted like there was little urgency. Volume was light, volatility was low and with the exception of one sector (retail) all S&P sectors were up or down less than one percent.
Call this one Reality Check Part Two: a weaker than expected ADP report, along with disappointing earnings guidance from Time Warner and Intel, a big restructuring from Alcoa, and an 11 percent pullback in oil which pulled commodities and commodity stocks down all weighed on the markets today.
Futures dropped about 5 points as the ADP said 693,000 private sector jobs were lost in December, much greater than the expected loss of 515,000. However, there was a change in methodology that was designed to close the gap between the ADP report and the nonfarm payroll report.
Four positive signs for stocks: 1) Stocks remain in an uptrend, with small, multi-month breakouts in energy, materials, and techs. 2) More bullish strategists. Several strategists — including Pequot's Byron Wien and BlackRock's Bob Doll — have said stocks will be higher this year, though most others remain bearish. And more...
No, Alibaba doesn't actually cure cancer; however, some traders say it's lifting stocks ahead of its IPO tomorrow.
What can markets expect when Alibaba starts trading?
Alibaba's long-awaited IPO is finally around the corner, making this a good time to take a look at just how an IPO works.
Will Lennar finally turn around the negative sentiment dogging the home building sector?
Fares Noujaim, an executive vice chairman at Bank of America has left the company abruptly.
U.S. regulators are investigating a Goldman Sachs internship and perks allegedly offered by the bank, The Wall Street Journal reported.
Yahoo is making amends for years of blundering with one smart move: An investment in China's Alibaba that has turned into a multibillion-dollar boon.