Today's CNBC MarketWrap

Monday, Dec. 03, 2007 Today's top 5 stories on CNBC

1. Ben Stein vs. Goldman Sachs: Noted economist Ben Stein takes aim at Goldman Sachs, and Roger Ehrenberg, of Monitor110, and CNBC's Charlie Gasparino take on the topic.

2. Game-Changing Deal: There's a game-changing deal in the video game sector, and CNBC's Jim Goldman has the details.

3. Paulson on Economic Risks: Treasury Secretary Hank Paulson tells CNBC's Maria Bartiromo that housing poses a big risk to the U.S. economy.

4. Buffett's Big Bet: Warren Buffett is placing a big bet on the junk bond market, with CNBC's Becky Quick.

5. Mozilo on Mortgages: Details on the National Housing Forum, with Angelo Mozilo, Countrywide Financial chairman/CEO and CNBC's Maria Bartiromo.

Click here to view all of today's Top stories

Sports Biz w/ Darren Rovell: BCS Bowl Games--The Financial Winners Are In: The BCS bowl teams have been picked but CNBC reporter Darren Rovell blogs on his "financial winners" before the games are even played. Find out who they are. Click here to view posting.

Tune in to CNBC tomorrow to watch the market unfold

1. FEDSPEAK: After 8 speeches last week and ahead of the December FOMC meeting the Fed Governors/Presidents are hitting the pavement with speeches across the nation. San Francisco Federal Reserve Bank President Janet Yellen spoke about the U.S. economic outlook at the Washington Athletic Club yesterday. Steve wraps up all the fedspeak as the market waits for the Fed's next move.

2. LAWSUITS PREVENTING FORECLOSURES: What's one side effect of the credit crisis and the slew of credit swaps... that foreclosed home might not get, well, foreclosed. Lawsuits are forestalling foreclosures and mounting especially in Ohio and Florida. With banks unable to literally find the mortgage papers, can you get out of that foreclosure? Who owns your loan?

3. CALLING MERCK: It's a big week for big pharma and at 830am today, Merck kicks it off with it's 2008 forecast a day after entering into a $170.5M exclusive collaboration and licensing agreement with Addex Pharmaceuticals to develop a new class of drugs for Parkinson's diease (among others). Mike Huckman listens for signals for what's to come for one of the world's most premier pharmaceutical companies.

4. MONEY MARKET FEARS: In times of turbulence in the equity markets, investors often look "safer investments", many placing their money in money market funds. But no investment is guaranteed and money market funds are invested in the greater market as well. In Florida, a state run "shadow" money market is in trouble because of its exposure to commercial paper backed by SIVs. So with Moody's looking at downgrading $105 billion worth of SIV's, is the money you placed in these "safe" mutual funds at risk of losing their dollar net asset value? Mary Thompson explores the fears and apprehension that exist with these investment vehicles.

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