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Tuesday, October 30, 2007

Today's CNBC MarketWrap

CNBC's Daily Market Wrap
Today's top 5 stories on CNBC
1. Merrill's Tipping Point: New revelations about what led to the management shakeup at Merrill Lynch, with CNBC's Charlie Gasparino and David Stepherson, Hardesty Capital Management.
2. Fed Front & Center: Interest rates are taking center stage tomorrow and Paul McCulley of PIMCO tells CNBC's Maria Bartiromo he expects a .25-point cut.
3. GE Water CEO: Diving into the big business of water, with Jeff Garwood, GE Water CEO and CNBC's Becky Quick.
4. Buffett on Economic Fairness: Billionaire investor Warren Buffett shares his thoughts on economic fairness with former NBC News anchor Tom Brokaw.
5. Home Price Index: Insiders weigh in on negative annual returns, with Robert Shiller, the Yale School of Management's International Center for Finance; Maureen Maitland, Standard & Poor's; and CNBC's Erin Burnett.
Click here to view all of today's Top stories


CNBC Blogwatch

Behind The Wheel w/ Phil Lebeau: Jay Leno And 50 Cent: Star Power For GM

CNBC reporter Phil Lebeau blogs on General Motors' new celebrity infused plan to draw attention to the fast growing custom and specialty auto parts market. Read how Jay Leno and 50 Cent came together for this special event in Las Vegas. Click here to view posting.

Tune in to CNBC tomorrow to watch the market unfold
1. Federal Reserve Decision: To lower or not to lower? When the Fed met in September, its decision to lower the target federal funds rate rallied the Dow by over 300 points and the S&P 500 by 43 points. Was September's rate cut enough or will the Fed lower rates again? The decision is in Bernanke & Co's hands now. Steve Liesman and Hampton Pearson get you ready for the big interest rate announcement at 215p ET, then tell you what it all means.
2. Jobs and GDP: The ADP Employment report and the real GDP data will be released at 815am ET and 830am ET, respectively. Steve Liesman digs in to analyze the numbers ahead of the Fed's looming interest rate decision.
3. One-A-Day Cialis: The FDA is expected to approve a one-a-day version of its ED drug Cialis. Will it be a trick or a treat for Wall Street? Mike Huckman sorts through the announcement and its impact for investors.
4. What's the Gphone? Advanced discussions between Verizon and Google appear to suggest Verizon will carry a soon-to-be-announced Google operating platform on a cell phone. But what is the gPhone, a competitor to the iPhone or even a handset at all? Jim Goldman looks at what we know and don't know, as the can't-miss web giant plans its entrance into the wireless market.
5. Debate Winners & Losers: Who won? Who lost? Who argued? John Harwood analyzes how the democratic presidential candidates fared following the debate from Drexel University.
 
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