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Friday, September 21, 2007

Today's CNBC MarketWrap

CNBC's Daily Market Wrap
Today's top 5 stories on CNBC
1. Mad Money Shot: Jim Cramer says you have to be in Goldman.
2. KKR, GSCP Bail on Harman: Harman says KKR and GSCP do not plan to complete the previously announced acquisition, and CNBC's Maria Bartiromo has the details.
3. Upside to Housing Downturn: A surge in rental rates and a surge in rental demand spell money for those investing in properties for rent. CNBC's Diana Olick takes a closer look in today's Realty Check.
4. Mattel Apologizes to China: Mattel is very sorry for importing potentially lethal toys, but the company seems to be sorry for different things when apologizing in the U.S. and when apologizing in China. Robert Dilenschneider, founder of The Dilenschneider Group, and Linda Bolton Weiser, of Oppenheimer & Co., share their thoughts.
5. Lease is No More: With auto lease rates on the rise, people are either getting out or avoiding leases altogether, reports CNBC's Phil LeBeau.
Click here to view all of today's Top stories


Clip of the week:

Fed Slashes Key Rates
The Fed funds rate is down 50 basis points to 4.75%, and the discount rate is down 50 basis points to 5.25%.


CNBC Blogwatch

Pharma's Market w/ Mike Huckman: "Cell" Turns Sirtris Into Serious Buy.

CNBC Pharmaceutical market correspondent Mike Huckman blogs on Sirtris Pharmaceutical and It's breakthrough discovery, highlighted in a recent edition of the Scientific research Journal "Cell" and the resulting rally that brought the stock price to new highs. Click here to view posting.

Tune in to CNBC Monday to watch the market unfold
1. Halo Madness: Jim Goldman wraps two reports ahead of the biggest entertainment event of the year: the release of Halo III. One looks at the phenomenon that is Halo and how it become such a juggernaut. Jim's second report looks at the business behind the game and how it prints money for Microsoft.
2. Mahmoud Take Manhattan: Iranian President Mahmoud Ahmadinejad speaks Monday at Columbia's World Leaders Forum. Embroiled in controversy, not solely because of his history of antagonism with the U.S., but currently due to the drama surrounding his intentions to visit Ground Zero, Mary Thompson has the story of the leader's visit and his impact on the global economy.
3. Econ Week-Ahead: Steve rounds up the key economic issues and indicators for the upcoming week, including two speeches by Fed Chairman Ben Bernanke just days after the Fed's surprise rate cut. Steve also looks at the inflation threat from the dollar... and the change in growth forecasts.
4. Washington Week-Ahead: John Harwood looks at the buzz on the Hill and the upcoming Washington agenda.
5. Mobile Tickets: Darren Rovell looks at the further evolution of ticketing... replacing paper sports tickets with a text message on your cell phone! Not only does it provide ease-of-use to the consumer, it also has the potential to save big money for teams and fatten their bottom lines.
 
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