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.
At last, some good news after the bell! Hewlett Packard beat estimates and is up 2% (they also announced an $8 buyback), but even more important was Nordstrom. They beat earnings estimates by 7 cents and, more importantly, did not lower fourth quarter guidance AND guided 2008 above expectations.
Markets at the close ending at the lows again. Fourth 200 point decline in the Dow this month. More than 300 stocks at the NYSE hit new lows today, the highest level since the August lows. Technicals have now become very important, with the S&P slipping below last week's low.
Stocks a bit weaker this morning as Lowe's joins JC Penney, Kohl's, and Ann Taylor in lowering guidance...down 4% pre-open, and Goldman downgrades Citi to a sell, saying it may have to write off $15 billion in debt losses over the next two quarters. With all that has happened to Citi, traders griping this is a little late, down 4% pre-open.
Biggest worry today: another fade into the close. It’s happened five of the last seven trading sessions. Elsewhere: give the Street some credit. One month ago, as the fourth quarter was starting, traders began lightening up on their positions in financials and retai
FedEx lowering guidance for the quarter ending November 30th. New guidance is $1.45-$1.55, old guidance was $1.60-$1.75. They cite rapidly rising fuel prices (even though they have dynamic fuel surcharges in place); they also note that less-than-truckload freight trends remain weak.
The fourth quarter is now half over, and fourth quarter earnings estimates have been coming down quickly for financials and retailers. Both Kohl's and Ann Taylor lowered their guidance. Ann Taylor noted that "Traffic trends were particularly soft in the month of October," though they improved in November
The floor of the NYSE is buzzing with nervousness and excitement. Specialist firm Van der Moolen has announced they are exiting the business; rumors that other big specialist firms will exit are rampant. Is this it? Will the fabled NYSE floor survive?
NYSE CEO's John Thain's departure to run Merrill Lynch and the elevation of co-COO Duncan Niederauer to CEO was not the only excitement at the NYSE. After the bell, specialist firm Van der Moolen announced that they were seeking to exit the specialist business altogether. The problem? Despite a significant investment, the specialist part of the operations continue to lose money.
Investors won't be bothered by a Fed taper even if it starts this month, JPM's chief U.S. equity strategist tells CNBC.
Traders expect to see a fairly merry market clear on through December now that the November jobs report is out of the way.
The stock of a beauty retailer Ulta shed more than 20 percent on Friday.