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Friday, November 30, 2007

Today's CNBC MarketWrap

CNBC's Daily Market Wrap
Friday, Nov. 30, 2007


Today's top 5 stories on CNBC
1. Countrywide Upgrade: A look at why you should be bullish on Countrywide, with Howard Shapiro, Foxx Pitt Kelton and CNBC's Erin Burnett.
2. NY Comptroller & Countrywide: New York State and City pension funds are taking the lead in a major class action lawsuit against Countrywide Financial, and William Thompson, NYC Comptroller, discusses the suit with CNBC's Erin Burnett.
3. Top 10 Cars for 2008: The most highly followed list in the auto industry, with CNBC's Phil Lebeau.
4. Motorola CEO Steps Down: Motorola's Ed Zander will step down as CEO on January 1st, reports CNBC's David Faber.
5. Stop Trading! Mad Money host Jim Cramer shares his stock picks and pans with CNBC's Erin Burnett.
Click here to view all of today's Top stories


Clip of the week:

Motorola CEO Steps Down
Motorola's Ed Zander will step down as CEO on January 1st, reports CNBC's David Faber.


CNBC Blogwatch

Media Money w/ Julia Boorstin: Don Imus: He's Back, But Who Will Be Listening?

Don Imus returns to radio this Monday, but will he be a success? CNBC reporter Julia Boorstin blogs on the return of the controversial radio host and who's got the most interest in how he does. Click here to view posting.

Tune in to CNBC Monday to watch the market unfold
1. DICTATOR FOR LIFE? A nationwide referendum scheduled for Sunday would allow Huge Chavez to stay in power indefinitely to continue reshaping Venezuela's economy in the mold of Cuba, leading a continued combative stance against the United States. The economic impact for the United States is immense. Michelle Caruso-Cabrera and NBC's Kerry Sanders discuss the impact Chavez could have on energy prices through his national control of Venezuela's oil industry, his economic partnership with Iran and other implications of Sunday's vote.
2. JOHN THAIN'S FIRST DAY: Monday is John Thain's official first day as he leaves his post as the CEO of NYSE Euronext to take over as CEO of Merrill Lynch. Charlie Gasparino analyzes the future of Merrill Lynch and the rest of the major financial firms.
3. AUTO SALES: November auto sales are out Monday and the numbers are expected to be bleak. The consumer continues to be squeezed on the heels of a struggling housing market and the trickle down is hitting the auto industry. With both GM and Ford stocks down for the year, another batch of sour news is more than unwelcome. Phil LeBeau previews the reports and details what it means for the U.S. vs. Foreign automakers battle in the future.
4. HOUSING FORUM: Diana Olick is live as the nation's most influential housing and mortgage market CEOs, executives and government leaders, from Countrywide Financial CEO Angelo Mozilo to Treasury Secretary Henry Paulson, gather at the National Press Club in Washington DC to discuss the outlook for the housing market and it's potential impact on financial institutions, current challenges and risks in the mortgage market, consumer protection in housing finance, and keeping the money flowing in the capital and housing finance markets.
5. IMUS COMEBACK: Can scandal turn into success? KABC is banking on it. Don Imus is back on the airwaves Monday on KABC - he's got some advertisers, but most are waiting until the new show's content debuts. Julia Boorstin asks if this is a business mistake for Citadel Broadcasting or a great opportunity? Will listeners and advertisers forgive Imus?
 
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