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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Though it was another disappointing day, note that the Dow was down 690 points at 3:40 PM ET and then rallied 170 points into the close. The S&P 500 and the NASDAQ closed at new lows. Despite all the worries about redemptions and forced selling, volume was notably light until the last 45 minutes. It really was more of a buyers' strike as bids simply got cancelled.
The good news is that Libor rates are again dropping. The dollar is rallying big again, this is continuing to put pressure on commodities, but the stress is also showing up in corporate profits. Kimberly Clark, for example, said that because of the dollar rally, currency will be a drag on fourth quarter sales comparison instead of a benefit.
Futures are down in reaction to the poor earnings guidance we have seen from Dupont, Texas Instruments, Sandisk and Sun Micro, among others, but the swing in the futures pre-open has been only 18 points, well below the 50-point spreads we have seen in the past few weeks.
The bad news is that the large price swings in stocks continue, with the Dow gapping up at the open, moving in a 300 point trading range with ease. But the good news is that stocks — and traders — are a lot calmer, despite the price swings. And there's one reason for the markets slow move up today.
Is a second Bretton Woods coming? Mr. Sarkozy, the French president, met with President Bush over the weekend. They agreed to a series of summit meetings in the next few months to discuss common strategy for the global economy, but don't kid yourself: behind that innocuous goal, Mr. Sarkozy is clearly pushing for a change in the way capitalism is practiced.
Ten years after Google's IPO, CNBC's Bob Pisani recalls that many people had big doubts about the company.
More than a dozen food retailers have cited higher costs hurting results last quarter as prices for some staples soar.
In a season of mixed retail earnings, Wal-Mart's results are the messiest to date.
Macy's is an example of a key company that's getting no boost from the recovery.
Big investors love bets made by both billionaire activists, according to a new analysis of top hedge fund positions.
Markets have been on inflation watch, particularly for wage inflation, because a hotter pace may affect Federal Reserve policy.
Barring a fresh geopolitical jolt, the S&P 500 is back on course to take aim at the psychological 2,000 level.