CNBC.com's News Now: Are Mozilo And Countrywide Only the First Targets?

Click here to view today's top stories on your mobile device. Thursday, Jun. 04, 2009     DOW 8750.24 74.96 +0.86%   NASDAQ 1850.02 24.10 +1.32%   S&P 942.46 10.70 +1.15%       NEWS MARKETS EARNINGS INVESTING VIDEO CNBC TV CNBC PLUS     WHAT YOU SHOULD KNOW Are Mozilo And Countrywide Only the First Targets? Now that the SEC has made its move against former Countrywide Financial CEO Angelo Mozilo and the company's former COO and CFO, I find myself wondering, based on the evidence the SEC is offering up in its complaint, whether the agency is poised to come after many other firms that failed to alert their shareholders to the risks they were taking in the mortgage market... »read more Are Consumers Poised to Ditch Their Frugal Ways and Spend? This month's batch of retail sales reports showed signs of deterioration. Are consumers getting ready to shed their frugal ways?... »read more Jobless Drop Buoys Stocks; Banks Gain Stocks advanced Thursday after a report showed jobless claims fell last week and banks gained. The Dow Jones Industrial Average rose about 75 points, or 0.9 percent. The S&P 500 gained 1.1 percent and the Nasdaq added 1.3 percent.... »read more TODAY'S TOP 5 VIDEOS 1. Icahn's Winning Streak   Billionaire investor Carl Icahn tells CNBC's Mike Huckman how he claimed two seats on Biogen Idec's board. 2. Rogers on Rally   Discussing whether the market will continue to rally and if there is a currency crisis ahead, with Jim Rogers, Rogers Holding chairman. 3. Trichet Talks Bonds, Bullying  European Central Bank President Jean-Claude Trichet stipulated to CNBC Thursday that the central bank's launch of a covered-bonds purchasing program is not a form of quantitative easing. He also said the ECB refused to be bullied into changing its monetary policy. 4. Cantor Fitzgerald CEO Speaks Out   Discussing the future of electronic trading, with Howard Lutnick, Cantor Fitzgerald chairman & CEO/BGC Partners CEO and CNBC's Bob Pisani. 5. iPhone v. Palm Pre   Apple's iPhone is about to face some stiff competition, with David Pogue, NY Times tech columnist.       TODAY'S TOP BLOG   Just Don't Call It "Swine Flu" After facing record high corn prices a year ago, followed by a recession affecting consumer pocketbooks, pig farmers were hoping for a pick up in the market this spring. "This is the annual grilling season," says farmer Randy Spronk. But on April 24th, the world learned that people were dying in Mexico from a virus someone dubbed the "swine flu"»read more »See All CNBC.com Blogs     FIRST IN BUSINESS WORLDWIDE     (c)2009 CNBC Inc. All Rights Reserved 900 Sylvan Englewood Cliffs, NJ 07632

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