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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Banks sold off at the close yesterday on increasing stress over the stress test. In case you're not paying attention, no one is exactly clear what is going to happen because they are still deciding; as a result, there are lots of leaks and erroneous interpretations of what might be coming.
Futures turned down about 6 points at 8:30 AM as Morgan Stanley reported a loss of $0.57, much worse than the loss of $0.08 expected. This officially ends the streak where banks have beaten estimates. Top line miss was rather large: $3.0 billion vs. $4.8 billion expected.
The markets are poised for another weak open following a big round of earnings reports this morning. The earnings picture was far from pretty too, with many companies, from large industrials to regional banks, showing continued weakness in business conditions over the past quarter.
The National Retail Federation estimates holiday sales will be up 4.1 percent this year, compared with a 3.1-percent increase last year.
Bob Pisani would rather swing for the fences than make you yawn.
Big oil stocks are still not cheap, but it may be more useful to look at capital expenditures and production estimate metrics.
The Santa Claus Rally should not be confused with other seasonal phenomena, such as the "Free Lunch" and "January Effect."
Less cash flow from oil firms may pinch loan payments to banks but gas savings for consumers will create new business.
Some big news this week, including Russia and North Korea. Did any change the game for the market? NYSE floor trader Kenny Polcari weighs in.
Oaktree Capital's Marks thinks that the drop in oil prices could finally expose low lending standards.