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Tuesday, December 4, 2007

Today's CNBC MarketWrap

CNBC's Daily Market Wrap
Tuesday, Dec. 04, 2007


Today's top 5 stories on CNBC
1. Abby's Analysis: Abby Joseph Cohen, chief U.S. portfolio strategist for Goldman Sachs, shares her bold and bullish market predictions with CNBC's Maria Bartiromo.
2. Conversation with Peter Thiel: Investor and entrepreneur Peter Thiel has been involved in some of the biggest innovations in recent years, from PayPal to Facebook. Thiel is now the CEO of Clarium Capital Mgmt., and he sits down for an interview with Maria Bartiromo.
3. Investing Profitably: The 21st century belongs to China, says Jim Rogers, A Bull In China -- Investing Profitably in the World's Greatest Market author, with CNBC's Sue Herera.
4. CEO Economic Outlook: CEO confidence is on the rebound, according to the Business Roundtable's Fourth Quarter Economic Outlook Survey. Terry McGraw, CEO of The McGraw-Hill Companies, shares his insight.
5. Foreclosure Lawsuits: Foreclosed homes are one of the major side effects of the credit crisis, but homeowners may actually be finding a way out...in court. CNBC's Diana Olick has the details.
Click here to view all of today's Top stories


CNBC Blogwatch

Realty Check w/ Diana Olick: Bush Right -- Mortgage Industry IS Complex, That's Why The Mess

President Bush said today the mortgage industry is "complicated." CNBC reporter Diana Olick blogs on why the president is right, and why that makes the industry such a mess to fix. Click here to view posting.

Tune in to CNBC tomorrow to watch the market unfold
1. OPEC's DECISION: Signals from OPEC ministers have been vague ahead of their supply decision at Wednesday's meeting, and traders remain mixed on their opinions of OPEC's next move as crude oil backs off its rally to $100. CNBC Europe's Steve Sedgwick is live from Abu Dhabi with the decision and reaction of the global oil market as the world watches to see if oil's next stop is $80 or $100 a barrel.
2. COST-CUTTING AT BMY: Bristol-Myers Squibb will announce details of its major cost-cutting program at an analyst meeting Wednesday. Mike Huckman monitors the news and gauges Wall Street's reaction. Mike will talk to CEO Jim Cornelius live during Closing Bell in his first interview since taking over at the pharma giant.
3. AIG INVESTOR MEETING: AIG is holding an investor meeting beginning in New York Wednesday morning, and this time, the topic of discussion isn't its insurance business, but its subprime mortgage exposure. Charlie Gasparino digs into the companies risks and the opportunities for Hank Greenberg.
4. MILLION DOLLAR BARGAIN: Even America's mansions aren't immune to the nation's real estate troubles. Diana Olick profiles a multi-million dollar home in Hilton Head, SC whose price has been slashed from it's appraisal value of over $7M to under $6M. But is a discounted mansion an attractive asset? Is it a bargain?
5. UNLIMITED MUSIC: Nokia announced a deal with Universal Music Group giving the world's biggest cell phone maker the ability to offer unlimited music downloads for a year with particular Nokia devices. The deal could be good not only for Nokia, but also for a struggling music industry, preferring customers obtain music legally even if for close to free. Has Nokia figured out the best way to win consumers in a competitive worldwide industry? Julia Boorstin reports.
 
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