CNBC.com News Now: McCain & Palin on the Economy

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DOW 9065.12 889.35 +10.88% NASDAQ 1649.47 143.57 +9.53% S&P 940.51 91.59 +10.79%   Tuesday, Oct. 28, 2008   CNBC TASK FORCE     Michelle Caruso-Cabrera, General Assignment Reporter and Anchor, CNBC Business News Holy moly. The volatility is causing more whiplash than a car accident. Those who follow the VIX (the volatility index--a key measure of fear because it measures how much people are willing to pay for options that protect their stocks against price swings) aren't surprised by this rally. The VIX has been at all time highs. Historically, whenever it spikes, you get some kind og mega rally. The key question though--is it short-lived and do we retest the lows?     WHAT YOU SHOULD KNOW     Debate Growing Over How Much Fed Should Cut Rates The Federal Reserve began a two-day meeting Tuesday that is widely expected to lead to a cut in interest rates of at least a half-percentage point to calm a global credit crisis threatening the economy...read more     Stocks Jump 11% Amid Bargain-Hunting Spree Wall Street went on a bargain-hunting bonanza, with a frenzy of activity in the final hour of trading that sent shares up 11 percent...read more     Tips for Boosting Your Savings To really make the most of your money, you have to start building your savings. With half of all Americans living paycheck-to-paycheck, it certainly sounds easier said than done. But consider that when you take steps to grow a steady savings, you are truly taking control of your money and the ups and downs of the economy have less of a direct impact on your quality of life...read more     TODAY'S TOP 5 VIDEOS     1. Tackling the Credit Crunch Insight on buying bonds, with Peter Fisher, BlackRock managing director.     2. NYSE Market Wrap: Dow Jumps Bob Pisani reports on the trading day from the NYSE.     3.S&P Case Shiller Report A look at an instant message exchange between two officals at the S&P.     4.McCain & Palin on the Economy Presidential candidate Sen. John McCain (R-AZ) and vice presidential candidate Gov. Sarah Palin (R-AL) discuss the economy and the upcoming election.     5. Stop Trading, Listen to Cramer! Mad Money's Jim Cramer shares his stock picks and pans with CNBC's Erin Burnett.     Click here to view all of today's top videos on CNBC.com     CNBC.com BLOG OF THE DAY     Hollywood's Un-Risky Business A unique hedge-fund backed boutique bank of sorts is busy as ever, investing in movies and earning consistent double digit returns.....read more See All CNBC.com Blogs   Watch CNBC live on your desktop. Click here to find out how.   NEWS MARKETS EARNINGS INVESTING VIDEO CNBC TV CNBC PLUS   (c) 2008 CNBC, Inc. All Rights Reserved

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