Market Insider with Patti Domm Trader Talk with Bob Pisani

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  Wednesday, 4 Feb 2009 | 12:05 PM ET

Will Regulated Compensation Drive Talent To Non-TARP Boutique Firms?

Posted By: Bob Pisani
It's today's hot topic on the Street - time for you to weigh in. »Read more
  Wednesday, 4 Feb 2009 | 9:23 AM ET

Refunds Kick Start The Futures

Posted By: Bob Pisani
Futures are modestly higher today after yesterday's rally, there are some big Treasury refundings coming, on top of some very large corporate bond issuances coming from the likes of Procter & Gamble, Novartis, and Altria. »Read more
  Tuesday, 3 Feb 2009 | 4:30 PM ET

Guess What Led To This Rally

Posted By: Bob Pisani
Several events came together midday to help stocks rally including a drop in the dollar about 2 PM ET, which has helped the market several times in the last couple days. »Read more
  Tuesday, 3 Feb 2009 | 3:22 PM ET

Bulls: We're Close To A Bottom

Posted By: Bob Pisani
Once again, a midday drop in the dollar has led to a (modest) rally in stocks. This happened yesterday. Traders are not stupid (they're just poor). »Read more
  Tuesday, 3 Feb 2009 | 9:19 AM ET

Mixed Signals From Overseas

Posted By: Bob Pisani
Overseas markets are mixed this morning. Australia cut its interest rates to a record low 3.25 percent and unveiled a stimulus plan, while the Bank of Japan said it would buy up to $11 billion of shares held by banks. »Read more
  Monday, 2 Feb 2009 | 4:49 PM ET

Why The Banks Aren't Lending

Posted By: Bob Pisani
There's plenty of complaints that the banks aren't lending, but the Fed's quarterly bank loan survey clearly indicated that the problems are much deeper than that. »Read more
  Monday, 2 Feb 2009 | 4:04 PM ET

A Monday Morning Bounce

Posted By: Bob Pisani

The futures are indicating a modest oversold bounce this morning. This comes after the Dow set another 6-year low on Friday and finished the week with its worst week since October.

In its quarterly monetary policy report released today, China’s central bank warned of deflation risks. The report states, "At present, the power to push prices up is weak, and the downward pressure is relatively strong. Deflation risks are relatively big."

Citigroup is up 8% pre-open on reports that it is in discussions with the U.S. government for it to boost its stake in the bank to as much as 40%. To do so, the government would convert much of its preferred shares into common stock. While this would certainly dilute the equity of common shareholders, it would fall short of full nationalization of the bank. On Friday, Citi, along with many of the banks, plunged midday on fears that the government was contemplating full nationalization of some banks.

Other U.S. banks are also up strongly ahead of the bell: Bank of America up 12%, Wells Fargo up 8%, SunTrust Banks up 7%, U.S. Bancorp up 5%, JPMorgan up 4%.

»Read more
  Monday, 2 Feb 2009 | 1:50 PM ET

Macy's Cuts Its Workforce

Posted By: Bob Pisani
Macy's announcement that they are slashing their dividend and laying off 4 percent of their workforce cost us 60 points on the Dow, but it is not a surprising announcement. »Read more
  Monday, 2 Feb 2009 | 11:51 AM ET

New Headaches For The Dollar

Posted By: Bob Pisani
The dollar's strength is creating problems for U.S. companies with big earnings overseas. »Read more
  Monday, 2 Feb 2009 | 9:28 AM ET

The Weakest Link

Posted By: Bob Pisani
With European bourses down 2 to 3 percent on the first day of February, it's little wonder that European banks are again the weak link, with ING, UBS, HSBC and Barclays down 5 to 8 percent pre-open. »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.

 

  • Bob Pisani

    A CNBC reporter since 1990, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.

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