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Thursday, October 2, 2008

CNBC.com News Now: Buffett's 3 Rules for Investing In a Crisis

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CNBC.com News Now
DOW 10482.85 -348.22 -3.22%
NASDAQ 1976.72 -92.68 -4.48%
S&P 1114.28 -46.78 -4.03%
  Thursday, Oct. 02, 2008
 
CNBC TASK FORCE
 

  CNBC TASK FORCE Sharon Epperson, CNBC Business News Reporter
With the economy in turmoil, many working Americans aren't as worried about the money they've lost in their 401(k) as they are about not getting their next paycheck. Jobless claims have surged to the highest level since 9/11 and the overall unemployment rate could jump even higher than last month.

If you're worried about losing your job, be proactive. Step up your game at work and make sure your boss is aware of your accomplishments. Get your resume up to date and start networking for the next job now. If you are laid off, file for unemployment benefits right away (it can take a few weeks to get that first check) and arrange for health insurance.

On a more positive note, the silver lining in this economic crisis is the decline in energy prices. Crude oil averaged $117 a barrel in August and is now under $94. Retail gas prices have come down 50 cents from the July high to $3.60/gallon and are under $3 in some parts of Missouri and Oklahoma. Perhaps, when the Energy Department releases its winter fuels outlook next Tuesday, we'll find out this year's surge in heating oil and natural gas costs will be a little less than the 17% increase that was predicted last month. But that news may be cold comfort in the midst of this crisis.

 
 
WHAT YOU SHOULD KNOW
 
  Extraordinary Opportunities to Invest
Where you can out your money to work, with Gina Sanchez, California Endowment and Scott Richter, Fifth Third All Cap Value...read more
 

  How to Lower Your Volatility Exposure
The financial markets have been a virtual roller coaster over the past year and market watchers say it is likely to continue, at a minimum, through the end of the year -- not the end of...read more
 

  What's in the Senate Financial Rescue Plan
The bailout bill approved late Wednesday by the Senate not only provides $700 billion for rescuing financial markets but extends billions more in tax breaks for renewable energy, businesses and middle class workers...read more
 

  Warren Buffett's Three Rules for Investing In a Crisis
The new authorized Warren Buffett biography is off to a fast sales start, hitting number one on Amazon's best-selling book list just days after its publication....read more
 

TONIGHT 7P ET    WALL ST. CRISIS - Is Your Money Safe?
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Tonight, the latest on the debate and the bailout vote. The two biggest stories America's talking about. "Wall Street in Crisis: Is Your Money Safe" Tonight 7p ET hosted by Larry Kudlow
 

  TODAY'S TOP 5 VIDEOS  
  1. Senate Sends Strong Message
A look ahead of the Vice Presidential debate and a recap of the Senate's vote yesterday on the bailout plan, with CNBC's John Harwood and Dick Armey, FreedomWorks
 

  2. Ross Bailout Plan
WL Ross & Company CEO Wilbur Ross is willing to put his own funds behind his version of a plan.
 

  3. Extraordinary Opportunities to Invest
Where you can out your money to work, with Gina Sanchez, California Endowment and Scott Richter, Fifth Third All Cap Value
 

  4. AXA CEO On Bailout
Discussing the bailout package, with Kip Condron, AXA Financial CEO & president and CNBC's Melissa Francis.
 

  5. Stop Trading, Listen to Cramer!
Mad Money host Jim Cramer shares his stock picks with CNBC's Erin Burnett.
 

  Click here to view all of today's top videos on CNBC.com
 

  CNBC.com BLOG OF THE DAY  
  BLOG OF THE DAY SAG Pushing For Actor's Strike In Hollywood?
Despite a troubled economy, Hollywood may be shut down again...read more

See All CNBC.com Blogs
 

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