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Monday, August 4, 2008

CNBC.com's News Now: Whitney's Wisdom

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CNBC News Now
DOW 11284.15 alt -42.17 0.37%
NASDAQ 2285.56 s -25.40 -1.1%
S&P 500 1249.01 alt -11.30 -0.9%
NEWS MARKETS EARNINGS INVESTING VIDEO CNBC TV CNBC Plus
On The Money w/Carman Wong Ulrich weeknight 8p ET
s Monday, Aug. 04, 2008

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TODAY'S TOP 5
Video 1 1. Thain on Merrill's Next Move

Video 2 2. Whitney's Wisdom

Video 3 3. Recession Has Just Begun: Rosen

Video 4 4. Dow Is Heading for 10,000

Video 5 5. Maria's Market Message

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My Top Five Olympic Mascots

Ever since Waldi greeted the 1972 Olympic Games, mascots have been an essential part of it all. Usually, the host countries get out of control... Click here to read more.

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RED MEANS GO: GM may be struggling at home, but it's the number one car company in China, where Buick is not only successful, it's actually hip. GM actually sells twice as many Buicks in China as in the US, and its Chevy and Cadillac brands are doing well, too. Phil LeBeau looks at GM's surprisingly successful foreign operations and focuses on the good news from China.

AHEAD OF THE SUMMER OLYMPICS: Come Friday, the most-anticipated Olympic Games in memory will commence with Opening Ceremonies in Beijing. Carl Quintanilla and Darren Rovell are live at the Games, with stories about the news, the event and the business surrounding the city, the country and the global media spectacle.

THE FED, THE ECONOMY & YOU: Markets are anticipating no rate change when the Fed makes its 215p ET announcement, but are keen to see the language in the accompanying statement. Hampton Pearson breaks the decision live and Steve Liesman provides full analysis.

NEWS CORP'S STRUGGLES: Julia Boorstin previews and reports News Corp's after-the-bell earnings release. After CBS, News Corp is the most exposed to the ad market, and investors are worried the company has made too many acquisition. What does Murdoch have planned next and can he make the new additions fit?

CAR-BITRAGE: Our Michelle Caruso-Cabrera needs a new car... and with the stigma of being gas guzzlers, SUVs are cheap! Do the big discounts off the sticker price make up for the pain at the pump? Michelle goes to find out.

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