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Thursday, November 29, 2007

Today's CNBC MarketWrap

CNBC's Daily Market Wrap
CNBC's Daily Market Wrap
Thursday, Nov. 29, 2007


Today's top 5 stories on CNBC
1. Xbox 360 Meltdown: Faulty Xbox 360s are literally melting down when they run some of the company's gaming software, and Microsoft is facing a potential class-action lawsuit. CNBC's Jane Wells and Jim Goldman have the latest as well as Xbox's Black Friday sales numbers.
2. Lululemon CEO on Earnings: Bob Meers, CEO of Canadian apparel maker Lululemon, discusses his company's recent headlines, including the truthfulness of his resume, with CNBC's Margaret Brennan.
3. Plump Quarter for Heinz: Discussing the company's rise in net income and a company outlook, with William Johnson, H.J. Heinz chairman/CEO and CNBC's Mark Haines.
4. The Wizard of Wharton: A look at how the credit crunch could impact your investments now, with Jeremy Siegel, Wharton School finance professor and CNBC's Dylan Ratigan.
5. Stop Trading! Mad Money host Jim Cramer shares his stock picks and his thoughts on Sears with CNBC's Erin Burnett.
Click here to view all of today's Top stories


CNBC Blogwatch

Tech Check w/ Jim Goldman: Microsoft's Xbox Issues--Just How Bad Are They?

Thinking of getting an Xbox for Christmas? CNBC reporter Jim Goldman blogs on the "burn out" problems Microsoft is facing with its Xbox 360 units and what customers are doing to get compensation for their defective game console. Click here to view posting.

Tune in to CNBC tomorrow to watch the market unfold
1. FOR THOSE WHO LOVE FRUIT CAKE: Americans are eating more fruit, but growing less of it--we're getting a lot of our fruit from overseas… which has driven down prices. It's a fruit free-for-all now with rising fuel costs. Jane Wells is live at Hows Market to explain why imported fruit isn't such a good deal anymore.
2. WHAT HURRICANE SEASON? Hurricane season officially ends Friday. Barring a sudden outbreak of storms in the Atlantic, it will have been another relatively quiet year. Scott Cohn takes a look at what happened, and who is cleaning up from the fact that there's nothing to clean up!
3. WHO OWNS YOUR HOUSE? As more and more houses fall into foreclosure, the shift to securitized mortgages has made it difficult to answer that question. The lender no longer has the note and the folks who bought the pieces of the securitized loans don't hold the note... so who owns the house? Diana Olick explains why courts are tossing out foreclosures - and activists are telling families who are being evicted to fight in court... and WIN!
4. IT'S ALL ABOUT INVENTORY: If you want to know where real estate is really hurting - forget price, look at inventories. Diana Olick wraps up a market-by-market overview of home inventories across the nation.
5. BOOSTING THE BOTTOM LINE: Victoria's Secret has been a major support for Limited Brands, but newcomers are crowding the catwalk with lingerie lines of their own. The number one selling intimate apparel brand won't be caught with its pants down though. How will Victoria's Secret keep that bottom line sexy for investors? Margaret Brennan takes a peak at the company and its plans for the holidays ahead of its fashion show next week.
 
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