A CNBC reporter since 1990, Bob Pisani has covered Wall Street and the stock market for nearly 20 years. Pisani covered the real estate market for CNBC from 1990-1995, then moved on to cover corporate management issues before becoming Stocks Correspondent in 1997.
In addition to covering the global stock market, he also covers initial public offerings (IPOs), exchange-traded funds (ETFs) and financial market structure for CNBC.
In 2017, Pisani was honored with a Lifetime Achievement Award from the Security Traders Association of New York for "dedication to the Association and the Industry."
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, Pisani 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.
Follow Bob Pisani on Twitter @BobPisani.
Stock futures jumped 5 points as March retail sales, up 0.8 percent, came in much stronger than expected. Autos (up 0.9 percent) and building materials (up 3 percent!) were standouts. This again suggests that warmer weather was indeed a factor and that may be pulling gains from April and May.
You could already hear the bears on China on the disappointing First quarter gross domestic product numbers (8.1 percent, below 8.3 percent expected and the lowest level since March 2009). But there are several signs the Chinese economy likely bottomed in the first quarter.
China: Was the first quarter the bottom? China's Shanghai Index was up 1.8 percent overnight...on what? Well, bank lending hit a 14-month high...that's certainly good news. Credit does seem to be expanding. This is a big help to Chinese authorities: If they can improve the economy by just loosening credit controls, why bother to lower rates and risk higher inflation?
Barnes and Noble: e-book settlement looks negative for Nook. BKS down nearly 6 percent on heavy volume, began selling off just as several publishers announced a settlement in a DOJ lawsuit on price-fixing of e-books.
U.S. markets hold on to gains midday. What accounted for the sudden revival in confidence? While Alcoa, with its comments on steady aluminum demand and growth in autos and aerospace, was a help, it was clearly the comments from ECB Board member Coeure that the ECB stood ready to begin buying Spanish bonds that was the main catalyst for the turnaround, certainly in Europe.