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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First, there's the question of how much money is really needed. The bill would have allotted $14 billion in loans, but most think the amount needed to avoid imminent bankruptcy is smaller, probably in the $5-10 billion range. This makes it doable using some combination of government guarantee and, perhaps, private lending.
With the failure to pass an auto loan bill, the Treasury Department is now essentially the "last line of defense" for the auto makers. They can now provide a bridge loan through the TARP, or provide or guarantee a debtor-in-possession facility to fund a pre-packaged Chapter 11 proceeding.
Futures dipped a few points as jobless claims hit a 26-year high. But the big topic on trading desks is the dollar, which may be weaker on expectations the U.S. will ease interest rates next week, so commodities and some commodity stocks (notably gold) are stronger.
Toward the close, the indestructible Wal-Mart announced that they were suspending their stock repurchase program due to the economy and credit market instability. OK, it's not a big deal, there was only $5 billion left in the program to re-buy, and Target has already suspended their program, but it is emblematic of the problem.
Stocks slowly erase earlier losses despite global worries like Brazil's elections.
Brazil, Hong Kong, Spain —take your pick. International uncertainty abounds.
High-yield bond ETFs are down this week amid concerns about higher rates and tighter inventories.
Pockets of softness in the market for initial public offerings (IPOs) is the order of the day.
For the first time, Fed officials have offered an account that differs significantly from the versions that, for many, have hardened into history. The NYT reports.
Vanguard and BlackRock could be prime destinations for assets that may flee Pimco in the wake of the sudden exit of Bill Gross.
Odds are the stock market will have a pretty good fourth quarter, but it's almost certain to be a volatile one.