BOB PISANI
CNBC "On-Air Stocks" Editor
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 nearly 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.
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 Pennyslvania from 1987-1992. Pisani learned the real estate business from his father, Ralph Pisani, a retired real estate developer.
TRADER TALK WITH BOB PISANI
- Why The Market Was Weak Today 2 hrs ago
The brief rally in financials has ended, as many traders are betting that the bear market is not over, this means that taking profits or placing additional short bets on potentially weak players is a prudent play... - Market Feeling Consumer Spending Slowdown 6 hrs ago
This is not a good day for consumer discretionary stocks. From housing to restaurants to hotels to autos, companies are reporting notably slower sales, and they are not anticipating much of a rebound in the second half of the year. - Fannie Mae Gets Boost -- Mixed Results Elsewhere 9 hrs ago
Fannie Mae up 6 percent pre-open as the House overwhelmingly passed the housing bill. It will get new regulators for Fannie and Freddie, and authorizes the federal government to potentially invest billions in the two companies. - Reminders Of Just How Bad Things Are 23 Jul 2008
the Fed Beige Book describes the economy as having 'slowed." JD Power cut their outlook for auto sales, projecting a 12 percent dip in sales for 2008 compared to 2007 (to 14.2 million cars and trucks), which would be the lowest level since 1993 - Rally: We're At A Very Important Point 23 Jul 2008
A number of trends are providing modest boost to stocks this morning: congressional legislation, a continuing modest dollar rally, commodities like oil and metals continuing to decline, and bonds down, earnings reaffirmations. - Key Earnings Phrase: Reaffirms Full Year Guidance 23 Jul 2008
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.
- Why The Market Was Weak Today 2 hrs ago
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