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Wednesday, August 13, 2008

CNBC.com's News Now: Toll On Housing

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CNBC News Now
DOW 11532.96 alt -109.51 -0.94%
NASDAQ 2428.62 s -1.99 -0.08%
S&P 500 1285.83 alt -3.76 -0.29%
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s Wednesday, Aug. 13, 2008

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TODAY'S TOP 5
Video 1 1. Where to Invest Now with Abby Joseph Cohen

Video 2 2. Eric Schmidt on Google

Video 3 3. Toll On Housing

Video 4 4. Atlanta Fed Chair on the Economy

Video 5 5. Maria's Market Message

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Apple's "Killer Apps" Gives Way to "Kill Switch"

This is another Apple Inc. story working its way through the blogosphere at break-neck speed. Click here to read more.

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WAL-MART EARNINGS: The retail giant reports earnings before the bell on Thursday and Margaret Brennan looks at the numbers as well as the overall retail climate. The government stimulus checks buoyed Wal-Mart earlier in the summer... but with most of that money long-gone, will the consumer crunch finally catch up?

TODAY'S ECON DATA: The Consumer Price Index will headline today's economic data. Steve Liesman reports on the latest inflation indicator and also this week's jobless claims.

VOTE FOR BUSINESS: At 10a ET, the Chamber of Commerce will launch the "VoteForBusiness Bandwagon." What does it involve? Two buses will be heading to key congressional districts to promote issues and candidates important to business community. Hampton Pearson looks at the lobbying effort and what the elections mean for American business.

NEW STENT, OLD STENT: Are expensive, highly-profitable stents better than older, cheaper heart drugs? A new study and editorial in the New England Journal of Medicine raise the issue again. Are Americans spending too much on the multi-billion dollar stent business when cheap, generic heart drugs instead are a viable alternative?

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