welcome: 1/4/09

Friday, January 9, 2009

CNBC.com's News Now: Citi/Morgan Brokerage Deal?

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DOW	8599.18	-143.28	-1.64%
NASDAQ	1571.59	-45.42	-2.81%
S&P	890.35	-19.38	-2.13%

Friday, Jan. 09, 2009

	WHAT YOU SHOULD KNOW

	The Week And You: Stock Picks and Pans The rally that stretched from the closing days of 2008 into the opening days of 2009 came to an end during the first full week of the new year...read more

	Citigroup Moving to Shed Smith Barney Brokerage Morgan Stanley and Citigroup are in talks to merge their brokerage operations in a deal that could result in Morgan taking over Citi's Smith Barney unit, people familiar with the situation told CNBC...read more

	Obama Uses Jobs Report to Push for Stimulus Plan President-elect Barack Obama called latest report of U.S. job losses Friday "a stark reminder of how urgently action is needed" to revive the nation's staggering economy...read more

	TODAY'S TOP 5 VIDEOS

	1. 2.6 Million Jobs Gone Investors are not too shocked about the jobs numbers, says CNBC's Steve Liesman

	2.Citi/Morgan Brokerage Deal? Citi and Morgan Stanley are considering a brokerage deal, with CNBC's David Faber.

	3. The Porn Economy The "Girls Gone Wild" creator is asking the government for bailout cash, reports CNBC's Melissa Lee

	4. Pimco's Gross On Jobs Discussing the jobs report and the economy, with William Gross, Pimco chief investment officer/founder

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

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

	CNBC.com BLOG OF THE DAY

The "Real" Breakfast of Champions?
Rumor has it that there's a high-powered Wheaties in the works. The idea behind the cereal, we're told, is a male-targeted product that would give the brand some more credibility. We all know that while it has been called the "Breakfast of Champions" for 85 years, its ingredients hardly count as fuel in the time of protein bars and vitamin drinks. Sources tell us that the brand has at least talked to a variety of athletes including Peyton Manning, Derek Jeter, Kevin Garnett and gold-medal winning decathlete Bryan Clay.

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Thursday, January 8, 2009

CNBC.com's News Now: Investing with Uncle Sam

Click here to view today's top stories on your mobile device.


DOW	8742.46	-27.24	-0.31%
NASDAQ	1617.01	17.95	+1.12%
S&P	909.73	3.08	+0.34%

Thursday, Jan. 08, 2009

	WHAT YOU SHOULD KNOW

	Stocks End Mixed Ahead of Jobs Report Stocks ended mixed as dismal December retail sales — notably from discount giant Wal-Mart — offset strength in techs, led by Microsoft...read more

	Rates on 30-Year Fixed Mortgages Hit Record Low The average rate on 30-year U.S. fixed-rate mortgages dropped for a 10th consecutive week as of Thursday, to 5.01 percent, after the Federal Reserve launched its plan to lower home borrowing costs, Freddie Mac said...read more

	Pisani: Why Traders Are "Optimisitc" Despite tremendous fear that the nonfarm payroll report would be a complete disaster tomorrow, traders acted like there was little urgency...read more

	TODAY'S TOP 5 VIDEOS

	1. Obama On the Economy President-elect Barack Obama addresses his plans for the economy.

	2. Union Pensions Exposed to Madoff More exposure of union pension funds are coming to the forefront, with CNBC's Charlie Gasparino and Neil Weinberg, Forbes senior editor

	3. Gross: Investing with Uncle Sam Doing business with the government, with William Gross, PIMCO co-CIO & founder and CNBC's Erin Burnett.

	4. Dismal December for Wal-Mart Wal-Mart missed its December sales target and expects less out of its Q4 outlook, reports CNBC's Margaret Brennan

	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

Palm Surprises with New Handset AND Software
Struggling smart-phone maker PALM went on the offensive today, introducing its long-delayed, new mobile operating system as well as a new smart phone to run it. The new software has been plagued by glitches and snafus for years, depressing Palm shares, and keeping the company from effectively competing against its rivals. The company hopes it'll be a game changer, and analysts I spoke to agreed...