Today's CNBC MarketWrap

Today's top 5 stories on CNBC

1. Morgan Stanley Writedown: Morgan Stanley takes a subprime writedown, with David Trone, Fox-Pitt, Kelton securities industry analyst and CNBC's Brian Shactman.

2. Bernanke on Spending: Senator Chuck Schumer asks Fed Chairman Ben Bernanke to address consumer spending.

3. OFHEO Takes on Cuomo: The OFHEO sends a scathing letter in response to New York Attorney General Andrew Cuomo's subpoenas, and CNBC's Steve Liesman has the details.

4. Cisco Earnings: A breakdown of the numbers and a market outlook, with John Chambers, Cisco chairman/CEO and CNBC's Erin Burnett.

5. Sotheby's Falls: The world's second-largest art seller is seeing red, reports CNBC's Melissa Lee.

Click here to view all of today's Top stories

Tech Check w/ Jim Goldman: Tech Sector Mess: Was It Supposed To Be This Bad? CNBC reporter Jim Goldman blogs on what may have caused today's sell-off on the Nasdaq today and pulled tech stocks way down. Click here to view posting.

Tune in to CNBC tomorrow to watch the market unfold

1. Warm Weather Forecasts Cloudy Retail: Margaret Brennan has been telling the developing story of holiday retail and one of its dreary themes: retailers complaining about the warm weather. Today, Margaret offers a "holiday forecast" - literally, getting a weather expert to tell her how the winter is shaping up and correlate that to potential holiday sales. Will a mild forecast continue to sap retailers' profits?

2. Changing Parties: John Harwood takes a look at a fascinating tale of the changing economic demographics of both political parties: The democratic base grows more affluent while support for republicans grows among the working class. John Harwood meets some of these party changers and asks what the switch will mean for the race to the White House.

3. What's Next in Generation Building: Diana Olick checks out the Green Build Expo in Chicago which explores designing, living, building and working in green buildings with hopes of expanding the ideals throughout the nation. Bill Clinton, Paul Hawken and other big name environmentalist speakers were in attendance and Diana profiles the next wave of green initiatives in building.

4. Profiting From Worm Poop: What started out as an effort to take worm poop and turn it into home fertilizer for the garden has been transformed into taking any kind of waste and making it into a home consumer product. Terra-cycle makes products from waste, packaged in waste from bird feeders to potting mix while growing profits. Brian Shactman profiles this growing business that truly embodies the reduce, reuse and recycle mantra.

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