Today's CNBC MarketWrap

Today's top 5 stories on CNBC.

1. NYSE Market Wrap: Bob Pisani reports on the market's modest gains during the trading day, live from the NYSE.

2. Sen. Dodd & the Fed: U.S. Sen. Christopher Dodd (D) CT, says the Fed needs to be more vigilant about market liquidity needs, with CNBC's John Harwood

3. The Thornburg Sell Off: Thornburg mortgage reports it's sold 35% of its highest rated mortages in five days, with Larry Goldstone, Thornburg Mortgage president/COO and CNBC's Erin Burnett.

4. Fed Injects Liquidity: The Fed adds $3.5B reserves to system via overnight repurchase reports CNBC's Steve Liesman.

5. Credit Crunch Cost:The mortgage mess and credit crunch are leading to massive layoffs, reports CNBC's Jane Wells.

Click here to view all of today's Top stories

Tech Check With Jim Goldman: Silicon Valley -- Why There's No Mortgage Crunch Here. CNBC Tech beat reporter Jim Goldman blogs on the paradox of why California's Silicon Valley seems immune to the current mortgage credit crunch. Click here to view complete posting

 

Tune in to CNBC tomorrow to watch the market unfold

1. Tribune Takeover Vote: Phil LeBeau covers the Tribune shareholders' meeting in Chicago. Tops on the agenda: a vote on the $8.2 billion deal to take the company private.

2. Credit Crunch on Capitol Hill: Treasury Secretary Hank Paulson and Fed Chairman Ben Bernanke go to Capitol Hill for an unusual closed-door meeting on the credit crunch with Senate Banking Committee Chairman Chris Dodd. Hampton Pearson reports.

3. Fed Speak: Live from Charlotte, NC, Steve Liesman covers the first speech on the economy by a senior Federal Reserve official since the Fed cut the discount rate.

4. State of the Consumer: What's the latest read on the health of the U.S. consumer? Margaret Brennan dissects Tuesday's earnings reports from Target, Staples and Saks to get the answer.

5. DVD Wars: BluRay has been leading the race to become the dominant standard of high-def DVDs. But it took a hit on Monday when Paramount/DreamWorks and DreamWorks Animation said it would release films exclusively in the other format: HD DVD. Julia Boorstin explains why the move is big loss for Sony and a big win for Microsoft and Toshiba.

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