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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Renewed inflation fears, as well as concerns about financials, continue to weigh on markets. Many investors who attempted to buy financials just after the bottom in mid-July are coming to the realization that the news flow in the financials has the potential to be negative for some time, and as a result they are primarily trading stocks and not long-term holds.
The trend in retail continues, with discounters continuing to outperform department stores: Home Depot and Target beating, Saks on the light side. Biggest problem for stocks is that we are once again on the verge of breaking the uptrend from the July lows. And housing starts at 965,000 annual units was the slowest since 1991.
Weakness in financials, particularly over Fannie Mae and Freddie Mac concerns -- was the primary driver of today's activity. Traders in tech stocks -- the market leader -- took advantage of the market weakness to lighten up on their positions. Finally, even energy stocks saw a late-day selloff.
The Shanghai Composite dropped another 5 percent today, to a new low, but they are not the only ones. Hong Kong, Singapore and Malaysia are also at new lows. The dollar is down for the first time in 11 days. Also: Lowe's, Lehman and bank M&A.
Yesterday it was Europe announcing weak economic growth, today it is Hong Kong, where Q2 GDP fell by 1.4 percent quarter-over-quarter. Year-over-year, GDP rose 4.2%, the slowest gain since Q3 2003. Higher costs from China, as well as weaker demand, was the culprit.
Investors go bonkers for Alibaba. The stock finally opened just before noon.
No, Alibaba doesn't actually cure cancer; however, some traders say it's lifting stocks ahead of its IPO tomorrow.
What can markets expect when Alibaba starts trading?
Alibaba's long-awaited IPO is finally around the corner, making this a good time to take a look at just how an IPO works.
Even after the Dow and the S&P 500 closed at new all-time highs, closely followed contrarian Marc Faber keeps sounding the alarm.
Eugene Fama, the University of Chicago investing researcher, once again warned investors against the lure of active management.
Fares Noujaim, an executive vice chairman at Bank of America has left the company abruptly.