Today's CNBC MarketWrap

Wednesday, Dec. 12, 2007 Today's top 5 stories on CNBC

1. Cramer: Fed=Jokers: Mad Money host Jim Cramer shares his heartfelt thoughts on what the Fed should have done, with CNBC's Erin Burnett.

2. Longing for Liquidity: Watching the Fed's moves, with Bob Auwaerter, Vanguard head of fixed income; William Gross, PIMCO founder & CIO; and Kenneth Heebner, CGM Focus Fund portfolio manager; and CNBC's Erin Burnett.

3. Where to Invest in 2008: Looking for investment opportunities in the next year, with William Fries, portfolio manager at Thornburg Investment Management.

4. Citi's New CEO: Vikram Pandit is the new CEO of Citigroup, and CNBC's Charlie Gasparino has the details.

5. October Trade Deficit: The trade gap widened in October to $57.8 billion, and CNBC's Rick Santelli and Steve Liesman share their analysis.

Click here to view all of today's Top stories

Realty Check w/Diana Olick: Builders Feeling Wrath Of Buyers: Do They Deserve It? Home buyers are really teed off with builders over the credit crunch. Diana Olick blogs on the backlash when it comes to buying a new home. Click here to view posting.

Tune in to CNBC tomorrow to watch the market unfold

1. INFLATION, RETAIL, JOBS: Steve Liesman cuts through a blizzard of economic reports to deliver you the highlights that will move the markets. Thursday morning's reports: wholesale inflation (PPI) and retail sales for November, weekly jobless claims and October business inventories.

2. LEHMAN BROTHERS EARNINGS: The first of four major brokerages reports due over the next week comes out Thursday morning. Matt Nesto breaks down the numbers.

3. WII'S GREAT MISTAKE: It's the hot holiday gift for the second straight year --- everybody wants a Wii, but nobody can get their hands on one. It's no secret there's a shortage of Wiis out there. With demand still growing, Jim Goldman asks when will enough be enough? Will move on to Microsoft's xBox 360 and Sony's PlayStation 3? Will this be Nintendo's great mistake?

4. MITCHELL REPORT LATEST: George Mitchell's is scheduled to present the findings of his investigation into the use of performance-enhancing drugs in baseball at 2p ET Thursday in New York. While most involved in the investigation remain close-lipped, some sources say the report will contain the names of more than 50 active and former MLB players who are linked to the use of performance-enhancing drugs. Commissioner Bud Selig is scheduled to discuss the findings after the press conference. Darren Rovell follows the latest developments.

5. THE RACE FOR IOWA: John Harwood is in Iowa covering the reaction to Wednesday's Republican presidential debate and previewing Thursday's Democratic showdown.

CNBC Investing Tools

To unsubscribe to this email click here
If this e-mail was forwarded to you and you would like to subscribe to CNBC's Daily Market Wrap, please click here