CNBC.com's News Now: PIMCO's McCulley On Deleveraging

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DOW 8479.47 36.08 +0.43% NASDAQ 1464.73 -7.29 -0.5% S&P 857.39 5.58 +0.66%   Tuesday, Nov. 25, 2008   WHAT YOU SHOULD KNOW     Stock Picker's 'Preferred' Strategy What investment vehicle does LPL Financial's Jeffrey Kleintop prefer? Preferred stocks...read more     Stocks Advance as Stimulus Fuels Optimism Stocks eked out a gain Tuesday as the massive amount of stimulus being thrown at the economy has started to lift the mood on Wall Street. Notably, traders were enthused with the Treasury plan to buy mortgage-backed securities and the subsequent drop in mortgage rates... read more     US Housing May Get a Lift From Latest Credit Easing The government's latest effort to help unfreeze credit markets may achieve some success, but it still raises questions about the overall US strategy in the financial crisis, say observers in and out of government....read more     TODAY'S TOP 5 VIDEOS     1. President-Elect Obama News Conference President-elect Barack Obama discusses the economy and chooses a budget director.     2. PIMCO's McCulley On Deleveraging Discussing the paradox of deleveraging, with Paul McCulley, PIMCO portfolio manager/managing director     3. US Needs to Debase Currency The U.S. needs to debase its currency to help the economy, says V. Anantha Nageswaran, MD of Bank Julius Baer. He shares his rationale with CNBC's Martin Soong.     4. Sam's CEO on Black Friday A look ahead to the biggest shopping day of the year, with Doug McMillon, Sam's Club CEO and CNBC's Margaret Brennan     5. Backing Mortgages: Will It Work? Discussing whether the Fed's new move to buy mortgage-backed securities will help save the housing market, with Alan Blinder, former Fed vice chairman, and John Geanakoplos, Yale economics professor     Click here to view all of today's top videos on CNBC.com     CNBC.com BLOG OF THE DAY     Microsoft's Zune To Evolve Into New "Pink" Smart Phone? A prototype of the new "Pink" could be unveiled as soon as the Consumer Electronics Show in January. 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

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