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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Curiously, the much-maligned Adjustable Rate Mortgage appears to be making a comeback. Lennar is putting their special ARM financing right on the front page of their website, offering ARMs at 2.88 percent for the first year, 3.88 percent for the second year, and 4.88 percent for the remainder of the life of the mortgage...
The original bid for Alitalia by Air France-KLM was based on an oil price of $86 a barrel, according to the Deputy CEO of Air France, in an interview on CNBC Europe. Those talks were shelved a month ago, but at $120 to $130, the Deputy CEO said that Air France-KLM would have to come up with a more "difficult and demanding" business plan.
Mr. Master assumes, as many do, that supply is adequate--which is debatable, particularly from oil (the world produces 85 million barrels a day and seems to be having a tough time increasing supply).
Once again, we are seeing off-price apparel stores doing well. This morning Ross Stores reported good earnings, and more importantly gave guidance for the current quarter and the full year above analyst expectations.
The retail issues are not surprising; we heard Lowe's talking cautiously yesterday, now Home Depot is guiding toward the low end of its previous guidance. Bottom line: the retail turnaround is less certain, and further out.
Futures dropped a bit as core PPI for April was a stronger than expected. Elsewhere: 1) Home Depot beat estimates, reporting earnings of $0.41 (14 percent below last year's $0.48), vs. consensus estimates of $0.37. Despite the apparent beat, the stock is down 3 percent:
Big changes are coming for the industry this year. Expect mutual funds to jump into the fray, as well as hedge funds.
Stocks have been off to a rocky start, but that is now starting to change as we enter the heart of earnings season.
What happens when the ECB gets aggressive?
Cloud-based storage company Box (BOX) set to price tonight.
Some investors believe that declining oil prices are a good thing—for now—with $30 a barrel as the break point.
Owen Li, who blew up his own hedge fund and lost millions isn't an anomaly, warns ex-hedge-fund trader Turney Duff.
Central banks are in combat mode. On the front lines: Europe, Denmark, Canada, Switzerland, Peru and India.