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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Futures are down, but don't read this as a refutation of President-elect Obama. The S&P 500 has moved 11 percent in the past week, and many traders went home short on simple profit-taking.
One of the first orders of business for the new president will be a long, hard look at the budget. The budget deficit will be about $500 billion when Obama is sworn into office, but with the $700 billion TARP plan it should go to $1 trillion quickly.
Every day the macro picture has improved ever so slightly...it is baby steps, to be sure, but it is happening. Libor rates continue to drop, down for the 17th straight day to the lowest levels since June. Commodities are rallying, the dollar is weaker.
The search for the elusive bottom continues, but stability is foremost on everyone's mind. That's what we have been getting for the past couple days, and into this morning: the S&P 500 has swung in a roughly 10-point range this morning, downright quiet compared to the prior two months.
The markets have just turned positive, despite weakness overseas and disappointing Chicago PMI data. Keep in mind, the Dow hasn’t posted 2 consecutive days of gains in over a month.
The NYSE's Securities Information Processor, which consolidates quote and trade data for NYSE-listed stocks, went down Thursday.
Stocks are up despite weak market internals. Much of the Dow's gain is due to Visa and utilities are leading the S&P.
The Federal Reserve upgraded its outlook for the U.S. economy, but business and real estate investment and personal consumption dropped.
Oil companies are shying away from commenting on outlook as crude oil falls to multi-year lows.
The end of Federal Reserve's QE program and its fight against too big to fail banks are on a collision course in the bond market.
Changes in the Fed statement Wednesday sent Wall Street into a tizzy with Fed skeptics slamming Janet Yellen.
Stocks weakened and bonds sold off after a slightly more hawkish tone by the Fed on rate hikes caught investors off guard.