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Trader Talk with Bob Pisani

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  Tuesday, 30 Oct 2007 | 4:58 PM ET

Commodity Shippers Take Big Hits

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Vague reports were the orders of the day: 1) Late in the day shippers that specialize in carrying bulk commodities such as coal, iron ore, and grains, as well as bauxite, fertilizers, and steel products, fell apart: stocks like Dryships down 18%, Eagle Bulk Shippiing down 9%, TBS  down 14%, all on concerns that bulk shipping rates may be coming down »Read more
  Tuesday, 30 Oct 2007 | 2:21 PM ET

Markets: O'Neal Exit Package And Steel Woes

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Traders are hotly debating Stan O'Neal's $160 million exit package from Merrill Lynch...which, the firm emphasizes, does not include a bonus or a severance package. What? Critics say, you mean he wipes out a significant part of the firm's capital and, uh, only gets $160 million in pension and stock grants? Could I speak to the compensation specialist who designed this package? »Read more
  Tuesday, 30 Oct 2007 | 12:02 PM ET

Markets Fight Consumer Confidence, "Lack" Of A Cut

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Markets dealing with several issues this morning. 1) The S&P/Case Shiller Home Price Index August fell 4.4% year over year. This is the biggest decline since the series began 6 years ago. The index is a composite that tracks twenty U.S. cities. »Read more
  Tuesday, 30 Oct 2007 | 9:08 AM ET

Street Expecting At Least 25 BP Cut

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Here are my morning thoughts: Markets: The entire Street is expecting a 25 basis point cut in the Fed funds rate, and at least that much in the discount rate. A small but vocal minority believe that a 50 basis point cut is more appropriate, given the evidence of a slower economy and the recent return of a choppier credit market. »Read more
  Monday, 29 Oct 2007 | 2:58 PM ET

Exchanges: Big Winner In Market Volatility

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The volatility in the stock market due to concerns on a slower economy and credit market risk is creating one clear winner: exchanges. We are seeing new highs for Nasdaq and are just off new highs on the Chicago Merc and Intercontinental Exchange; the New York Stock Exchange has gone from $70 to $90 (up 28%) in less than 2 months. »Read more
  Monday, 29 Oct 2007 | 12:58 PM ET

Market: New Offerings Bad, Global Growth Good

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Markets are coming up against some serious headwinds. We are seeing: --Large number of new offerings coming this week ($8-$10 billion), which will compete with the existing market. --There's been an unusually large number of cancellation of new cash takeovers (over $40 billion)--remember arbs who bought the deals have to sell when they don’t go through, putting pressure on the market. »Read more
  Monday, 29 Oct 2007 | 9:12 AM ET

Market Themes: Subprime And Overseas Growth

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A flood of economics and earnings reports will quickly dominate the week; already there are a few companies sounding familiar themes. 1) Subprime bleeds into the current quarter for financials. UBS saying their third-quarter loss would be in line with the lowered guidance they gave earlier this month. »Read more
  Friday, 26 Oct 2007 | 4:44 PM ET

Markets: Next Week It's All About The Fed

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Ending at highs for the week, with both the Dow and the S&P up more than 2% for the week; Nasdaq up nearly 3%. Techs up on Microsoft; energy stocks up on oil, Kerkorian's partial bid for Tesoro, and a belief that global growth will remain strong and not diminish demand for oil; and thrifts up on Countrywide. »Read more
  Friday, 26 Oct 2007 | 1:32 PM ET

Global Growth Slowdown Is Threat To Markets

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With positive comments from Microsoft and Countrywide today, it's time to step back and take a slightly broader view of the markets. The S&P is up 7% this year (and 3% from its historic high). »Read more
  Friday, 26 Oct 2007 | 8:59 AM ET

Bullish Comments On MSFT, CFC Moving Markets

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Two bellweathers in their respective industry have come out with surprisingly bullish commentary, and both have moved the markets. Microsoft's commentary have propelled the perpetual tech laggard to five year highs; to move a $300 billion market cap stock by 12% pre-open is a very rare occurrence. »Read more

About Trader Talk

Direct from the floor of the NYSE, Trader Talk with Bob Pisani provides a dynamic look at the reasons for the day’s actions on Wall Street. If you want to go beyond the latest numbers— Bob will tell you why the market does what it does and what it means for the next day’s trading.
  • A CNBC reporter since 1990, Pisani reports on Wall Street and the stock market from the floor of the New York Stock Exchange. Follow him on Twitter @BobPisani.

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