Today's CNBC MarketWrap

Today's top 5 stories on CNBC

1. Fed Cut's Rates: The Federal Reserve cuts both the fed funds and discount rates by a quarter point, and CNBC's Hampton Pearson has the details.

2. Bond Market Reacts to Fed Cut: Reaction to today's Fed cut, with Bill Gross, CIO for PIMCO, and Ken Volpert, portfolio manager for Vanguard Funds.

3. Google @ $700: Google shares topped $700 and the Internet giant may be preparing to dial into the cell phone business. CNBC's Jim Goldman and David Garrity, Dinosaur Securities, discuss what the future holds for Internet search giant.

4. Stop Trading!: Mad Money's Jim Cramer discusses today's Fed decision and his stock picks with CNBC's Erin Burnett.

5. Pay for Poor Performance: Discussing Stan O'Neal's exit package, with Jeffrey Sonnenfeld, Yale School of Management; James Reda, James Reda & Associates; Jay Whitehead, HRO Today Magazine and CNBC's Carl Quintanilla.

Click here to view all of today's Top stories

Pharma's Market w/Mike Huckman: Eli Lilly: Will They Get Lucky With 'One A Day' Cialis? CNBC reporter Mike Huckman blogs on efforts by Eli Lilly to make their ED drug Cialis available to users on a daily basis. Read how it might be possible to take Cialis as easy as a vitamin pill. Click here to view posting.

Tune in to CNBC tomorrow to watch the market unfold

1. Fed Day +1: Steve Liesman follows Wednesday's Fed rate cut with reaction and interpretation of the statement. What does it mean for the markets, the economy... and the December Fed meeting?

2. Horse Race at Merrill: Now that Stan O'Neal is out at Merrill Lynch, who will take the C-suite? Charlie Gasparino sorts through the possible candidates.

3. Writers Strike: Writers Guild members could go on strike as early as Thursday. Are they any closer to a deal? Will there be a strike next week?

4. Sprint, CBS Earnings: Sprint Nextel reports earnings before the opening bell. How will the company transition to a new CEO and deal with a slowing US wireless market? Julia Boorstin covers Sprint as well as results from CBS expected after the bell.

5. Getting Serious About Games: With Electronic Arts reporting earnings after-the-bell, Jim takes a broad look at the gaming sector that's gearing up for the critical holiday push. New reports suggest that Sony continues to slump, with Nintendo still surging.

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