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.
"It's pretty simple," he said. "About 53 percent of my trades are winners, 47 percent are losers...we make a penny [gross revenue] on each winner, so you can figure out my profits if you know the volume...but on any given trade, it's a coin toss as to whether we make anything."
I was on the phone with one of the oldest traders I know (up 6 percent this year) as the Dow hit down 500 a short while ago. "Hold on, I gotta call you back," he said. When he did, 15 minutes later, he had covered all his shorts.
Reports that the ECB may be on the verge of a deal with Italy to buy Italian bonds in exchange for a balanced budget amendment, and labor, welfare, and infrastructure reform have reversed the markets, with a 40-point move in the S&P 500 in little more than an hour.
Goldman Sachs posts third-quarter earnings that easily beat expectations on the top and bottom lines.
Morgan Stanley's fixed income and equities traders navigated a tough environment better than peers.
Jim Cramer searched for his ideal stock and found the major theme popping up in the market’s hottest names.