Today's CNBC MarketWrap

Today's top 5 stories on CNBC

1. Thornburg & the Crunch: Discussing the economy and whether there's light at the end of the credit crunch tunnel, with Larry Goldstone, Thornburg Mortgage president & COO and CNBC's Erin Burnett.

2. Realty Check: Home Prices: Insight on how home prices are holding up across the country right now, with CNBC's Diana Olick.

3. Hovnanian CEO: The hot debate on whether the Fed should cut rates, with Ara Hovnanian, Hovnanian Enterprises pres/CEO; CNBC's Rick Santelli & Becky Quick.

4. Dell Earnings: Dell's earnings and instant reaction to the company's latest quarterly report, with Chuck Jones, Atlantic Trust tech analyst and CNBC's Jim Goldman & Melissa Lee.

5. Harvesting Apple Returns:Apple shares are up on speculation that the company will unveil a new version of the iPod next week, with Andy Hargreaves, Pacific Crest Securities analyst, and CNBC's Jim Goldman.

Click here to view all of today's Top stories

Realty Check w/Diana Olick: Countrywide's Memo And A Brokers Outrage CNBC's Realty Reporter Diana Olick blogs on a Countrywide memo sent out on the mortgage crisis and how one broker was enraged by what it said.Click here to view posting.

Tune in to CNBC tomorrow to watch the market unfold

1. Bernanke Moment: Fed Chairman Ben Bernanke speaks at 10a ET behind closed doors in what may be the most anticipated Fed speech of the decade. Steve Liesman will have the breaking news about his comments at 10a, with markets waiting on edge to hear what the Fed Chairman thinks.

2. An Oasis in the Housing Downturn: House prices are getting hit hard nationally... but that doesn't mean that every neighborhood is feeling the pain. Vail, the Colorado ski community, is still booming. Jane Wells explains why.

3. What's up with Toyota? Toyota Chairman and CEO updates the company's sales forecast. Given that Toyota earned $2 million every hour in the second quarter, the market will be watching closely what Toyota expects to do with future sales. Phil LeBeau reports.

4. Washington Wire: John Harwood provides insight into the latest Washington buzz, pulling from his regular WSJ column.

5. Bankers With Boards: Surfing is the new golf for young financial hot shots and as Margaret Brennan reports, it's not just a West Coast phenomenon. In the Hamptons, surf shops are doing record business this summer selling surf gear and surf lifestyle apparel to a new slew of corporate clients and bankers.

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