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 is on the light side; there are not a lot of sellers, just a lack of buyers who are having trouble talking themselves into buying stocks when corporations are coming out with lower first quarter guidance and lower or no guidance for the rest of the year.
Surprise! Retail sales for January, up 1 percent, was significantly stronger than the decline of 0.8 percent expected, particularly after 6 straight months of declines. The main theme remains: 1) lower-than-expected guidance for the first quarter, and 2) almost no visibility beyond that, with many companies simply declining to provide guidance.
It's a little frustrating to listen to Congresspeople grill the bank CEOs with variations on the question, "What did you do with all the money we gave you?"
Secretary Geithner gave his long-awaited speech, speaking of the need to fund new buying of asset-backed securities, of helping private equity purchase old assets through a public/private investment fund, of foreclosure mitigation, and a new capital infusion into banks that pass a "stress test."
JPMorgan Chase will cut about 5,000 jobs over the next year, as the bank closes branches and slims down operations, The Wall Street Journal reported.
Banks have been outperforming the market, and in the long term, technician Rich Ross sees a "beautiful breakout."
After Dick Fuld's first public speech since the crisis, this PR guy had one thing to say: Don't call it a comeback.