Today's CNBC MarketWrap

Today's top 5 stories on CNBC

1. Thain on Merrill: Current NYSE CEO John Thain discloses his decision to take the top job at Merrill to CNBC's Maria Bartiromo.

2. E*Trade CEO Speaks: Shares of E*Trade are up nearly 15% today, but the stock lost 59% on Monday on speculation that it would file for bankruptcy protection. E*Trade CEO Mitchell Caplan shares his outlook for the company.

3. Buffett on the Hill: The buzz on Capitol Hill today was all about billionaire investor Warren Buffett's appearance before the Senate Finance Committee to discuss the possible repeal of the estate tax. CNBC's Hampton Pearson has the latest.

4. Foreclosure Report: The latest numbers are not pretty, says Rick Sharga, RealtyTrac VP, marketing; with CNBC's Carl Quintanilla.

5. Stop Trading! Mad Money host Jim Cramer shares his stock picks as well as his thoughts on the new head of Merrill, John Thain, with CNBC's Erin Burnett.

Click here to view all of today's Top stories

Realty Check w/Diana Olick: Foreclosure Numbers-- Trust Me, Housing Crisis NOT Any Better CNBC's Diana Olick blogs on the new home foreclosure numbers and why they mean that the housing crisis is no where near reaching bottom. Click here to view posting.

Tune in to CNBC tomorrow to watch the market unfold

1. Inflation Report: Steve Liesman breaks down the day's economic data, notably consumer inflation, following Wednesday's tame producer price numbers. Other reports include weekly jobless claims and the Philadelphia Federal Reserve regional economic survey.

2. Mid-Market M&A Boom: Melissa Lee takes a look at the mid-market M&A boom. Sure, the big deals have evaporated amidst the current credit crunch, but smaller M&A deals are still getting done.

3. Airline Consolidation: Reports swirled surrounding a potential merger between United and Delta are in reported discussions. Is the industry ripe for consolidation? What would it mean for investors and travelers? And why does it have to happen before the elections? Phil LeBeau is live from Los Angeles Intl. Airport with the answers.

4. Testubg in Toyland: In the heart of China's toy manufacturing region, STR's lab in Shenzhen tests toys for a variety of manufacturers, retailers and fast food chains. But as extensive as the testing appears, there are currently no standards for which tests are done, or which toys are tested. That may be about to change. Scott Cohn takes a rare look at the process and the shifting standards.

5. The Loonie Shakes the Timber Trade: Canadian commodities have seen better times. The Canadian timber industry is suffering big-time as a result of the loonie, and Jane Wells is live from Vancouver's port breaking down the issues for timber, pork and produce.

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