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Monday, September 15, 2008

CNBC.com's News Now: BofA's Lewis on Merrill Lynch

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TODAY'S TOP 5
Video 1 1. BofA's Ken Lewis on Merrill Lynch

Video 2 2. Whitney On Wall Street's Future

Video 3 3. Fed's Next Move

Video 4 4. Bill Gross on Lehman

Video 5 5. Stop Trading, Listen to Cramer!

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Wall Street And Housing: It's Still About Price And Confidence

The mortgage crunch may have started the fall of Lehman, Freddie, Fannie and Merrill—so what's the Street crisis doing to the housing market? Click here to read more.

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GOLDMAN SACHS EARNINGS: And then there were two... stand-alone brokerages, that is. The gold standard, Goldman Sachs, reports earnings before-the-bell Tuesday with big pressure to perform in this difficult environment. Mary Thompson follows the numbers and the call.

FUTURE OF AIG: With AIG teetering, Steve Liesman and Charlie Gasparino monitor the progress at the insurance giant as it hopes to shore up capital and shed assets. Can it get back on track... or at least steady the ship?

THE FED DECISION: What will the Fed do in the wake of the dramatic events of the past week? With the Fannie and Freddie takeovers, the collapse of Lehman Bros, the Merrill Lynch buyout, will the Fed act? Hampton Pearson breaks the decision live and Steve Liesman/Rick Santelli provide full analysis.

LOW RATES, NO TRAFFIC: Despite the low rates available, there's been no surge in home sales on the Fannie/Freddie takeover, and things have just gotten worse thanks to Wall St. People are more worried about jobs now, what's next in the pipeline and who it's going to affect. Also, a lot of people now saying they want to wait until after the election to see who wins before they make a big investment like a home or renovation. Diana Olick has the story.

HELLO, VOLT! GM marks its 100th anniversary by taking the wraps off it's highly anticipated electric car, the Chevy Volt. GM has been touting the Volt as the key to the company's future as the automaker hopes this car will do for GM what the Prius has done for Toyota. Phil shows us the car and looks at the question as to whether the Volt can kick start GM's 2nd 100 years.

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