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Wednesday, August 6, 2008

CNBC.com's News Now: Cisco Beats the Street

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DOW 11656.07 alt 40.30 +0.35%  
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TODAY'S TOP 5
Video 1 1. The Frugal Future

Video 2 2. Bove Cuts Lehman 2009 EPS Estimates

Video 3 3. Hovnanian on a Turnaround

Video 4 4. Cisco Beats the Street

Video 5 5. Maria's Market Message

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Saving GM: Dale Jr., Lutz Candor and Design Studio Buzz

CNBC's "Saving GM" airs tonight at 9 pm EST. Phil LeBeau blogs about his personal highlights while creating the hour long documentary Click here to read more.

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AHEAD OF THE SUMMER OLYMPICS: There's talk the Opening ceremony could see rain. That would wipe out the highly anticipated fireworks display. Darren follows the money behind the ceremony, the methods the Chinese may go to change the weather and what a rainout would mean.

SAME STORES SALES: As back-to-school season gets off to a sluggish start, retailers report July sales., the first element of the pivotal second half of the year. We're three weeks into one of the weakest back to school seasons on record but consumers have begun to spend on teen and kids apparel purchases.

TOYOTA EARNINGS: Toyota reports earnings before-the-bell... and while not feeling the pain of the Big Three, the carmaker's not thriving as it has the past few years. Phil LeBeau looks at what's next as the company heads into the second half of 2008.

OIL CRISIS, MEET MORTGAGE MESS: How are people turning the vice of higher gas prices into a virtue when it comes to selling homes? Diana Olick tells you how... and it's all about incentives: from gas cards to smart cars, sellers are taking one American crisis and using it as bait as they navigate another.

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