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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Showing a bit of a bounce, however, are the home builders. They were broadly lower at the open, but many of them moved up 8-9 percent from those lows at 10 am ET when the new home sales data were released. That data showed new home sales falling to their lowest level since March, but the results still managed to come in above estimates.
Futures point towards a fairly flat open this morning, despite a much stronger durable goods number. After yesterday’s drop, the markets lost all of their gains for the week, as the Dow is now down 1.3% this week, heading into Friday’s trading. Continue to keep an eye on the financials today, as we wait to see more direction from them.
After the close, Washington Mutual reported earnings notably below expectations. The bad news is that there is more credit deterioration, which is creating more provisions for losses. The good news is the company felt they had "sufficient capital", with $40 b of available liquidity at the end of the quarter, and that 2008 would be the peak year of loss provisioning.
Stocks staged a steady rally as Ebola fears ebbed and oil prices stabilized.
A number of old-school industrial companies and and multi-industry conglomerates have issued upbeat guidance.
Stocks are much calmer this week amid expectations of a more dovish Fed, stabilization in oil prices and easing Ebola concerns.
IBM with a big miss, and abandons its 5-year plan for $20 in earnings by 2015.
Hedge fund manager Dan Loeb recommended Amgen's stock Tuesday, causing shares to rise on the news.
Corporate debt is piling up, but investors don't seem worried—at least for now—even though such complacency fueled the recession.
Larry Robbins of Glenview Capital unveiled four new stock picks at the Robin Hood Investors conference Tuesday.