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.
Follow Bob Pisani on Twitter @BobPisani.
Volume has been light and stocks have traded in a narrow range since last Tuesday. Despite the low volatility, the Volatility Index has been little changed in the past two weeks, indicating that traders still anticipate elevated levels of volatility in the coming months.
The direct effects are limited, but indirect effects could be large. In speaking with hedge fund investors and advisors over the past week, Madoff's investors appear to be overwhelmingly high net worth individuals in Europe and the U.S.
Industrial REIT ProLogis up 12 percent, said it was selling its China operations and a 20 percent interest in its Japan property funds to GIC real estate for $1.3 billion. They will use the proceeds to reduce debt. Like many REITs, ProLogis has been looking to reduced leverage, including buying back debt.
You see what's happening today? Drifting lower, on no volume, with no one particularly caring? The worry is that this could like a lot like the first part of next year, when days of heavy volume (thanks to post-Madoff redemptions) are punctuated by days where little buying and selling occurs.
On Friday, stocks are holding onto modest gains. The news the government is extending $17.4 billion in loans to Chrysler and General Motors was well received at the open, but markets haven't been able to sustain those gains. Retailers are acting squirrely on concerns about weak Christmas spending, and financials are mixed after Standard & Poor's cut its outlook and ratings on 12 major banks. One thing giving traders hope: the continued slide in the VIX.
Five of 10 S&P sectors are showing negative earnings growth, putting pressure on analysts to revise down estimates. Here's why that's good.
Markets were already contending with negative earnings growth, high valuations, and the Fed's interest rate hike ahead of Saudi airstrikes on Yemen.
Certain sectors are big winners: Industrials, energy and utilities were up 100 percent of the time as well in the 10 trading days after April 15.
With worries about dividend cuts in energy, Exxon will be in the spotlight.
Can you guess the top six rising stars of activist hedge fund investing? Meet them here.
Wall Street pros still see a tilted field, though they're less concerned about a "rigged" market than a year ago.
Meet the billionaire hedge fund manager who is the subject of a new government investigation of his firm's trading.