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Trader Talk with Bob Pisani

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  Tuesday, 5 Feb 2008 | 11:16 AM ET

ISM Report: Nailing The Recession Coffin Shut?

Posted By: Bob Pisani
Bears are arguing that the ISM Services report--well below expectations--is the final nail in the rescission coffin. We now have several very weak data points in the last week: ISM Services, nonfarm payrolls, and new home sales. Only durable good orders recently have been above expectations. »Read more
  Tuesday, 5 Feb 2008 | 9:08 AM ET

YUM Proving Importance of Global Growth

Posted By: Bob Pisani
Want to see how important global growth has become? YUM Brands beat, but look at the growth: mainland China same store sales up 17 percent, 5 percent growth worldwide, 1 percent in the U.S. YUM now gets nearly 45 percent of its sales outside the U.S. »Read more
  Monday, 4 Feb 2008 | 4:46 PM ET

Stocks Slightly Weaker; Blame Banks, Builders

Posted By: Bob Pisani
Stocks were modestly weaker Monday: Rotation today out of financials, builders, retailers, back into drugs and energy. Volume light. Banks down 4.0 percent, builders down 4.0 percent, retailers down 2.7 percent... »Read more
  Monday, 4 Feb 2008 | 12:58 PM ET

Positives as Market Struggles with Choppy Data

Posted By: Bob Pisani
The biggest problem the market has is the choppy economic data we have been getting, which is muting investor enthusiasm despite the Fed cuts. But there are definite positive developments, including: 1) we appear to have put in a short-term bottom; 2) market up on Friday on very bad jobs report a good sign; 3) Microsoft offer for Yahoo. »Read more
  Monday, 4 Feb 2008 | 11:37 AM ET

U.S. Retail, Banks, Builders Down; China Metals Hot

Posted By: Bob Pisani
The retailers, financials, and home builders are leading the market down. Again. These groups have outperformed because of the short covering in the past two weeks; that bid may now be fading. But China? Lots to report. »Read more
  Monday, 4 Feb 2008 | 10:23 AM ET

Trader Euphoria: Giants; China Stocks; Airlines

Posted By: Bob Pisani
Floor traders are in a great mood after the Giants win! President Bush acknowledging a weaker economy will lead to higher deficits. Looking for budget deficit to double to $410 billion. What's up with China? Shanghai Composite up 8% overnight. And: Airlines looking up. »Read more
  Friday, 1 Feb 2008 | 8:21 AM ET

Out Of The Office

Posted By: Bob Pisani
I won't be on the trading floor today. I should be back on Monday with news posts. See you then. »Read more
  Thursday, 31 Jan 2008 | 9:20 AM ET

Jobs Number Hits Futures, Consumer Cos. Talk Price Hikes

Posted By: Bob Pisani
Futures dropped at 8:30 ET because jobless claims numbers higher than expected have somewhat hopes that the nonfarm payrolls report tomorrow will be stronger than expected. There are two noteworthy trends from companies announcing earnings: »Read more
  Wednesday, 30 Jan 2008 | 10:51 AM ET

Inflation: Americans Will Be Paying More To Eat

Posted By: Bob Pisani
Inflation worries continue. If the comments from companies during the last three days is any indication, Americans will be spending significantly more for food in the near future, due to significantly higher costs for corn, soybeans, sugar, and cocoa. »Read more
  Wednesday, 30 Jan 2008 | 9:18 AM ET

Futures Reflecting Economic Roller Coaster

Posted By: Bob Pisani
Roller coaster for futures this morning. First the ADP report was big, anticipating job increases of 130,000 from the nonfarm payrolls report on Friday, way above expectations of 40,000, and moved futures up about 4 points. »Read more

About Trader Talk with Bob Pisani

  • 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, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.

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