Today's CNBC MarketWrap

Monday, Nov. 26, 2007 Today's top 5 stories on CNBC

1. Cost Cutting at Citi: Cutting costs is now the top priority at Citigroup, and that is likely to result in massive layoffs, says CNBC's Charlie Gasparino.

2. Schumer Sends Bonds Rallying: New York Senator Chuck Schumer riled the bond market earlier today when he raised flags concerning an increase in lending by the Federal Home Loan Bank of Atlanta to Countrywide. CNBC's Steve Liesman has more on the story.

3. NYSE Market Wrap: Bob Pisani reports on the market's 237-point drop, live from floor of the New York Stock Exchange.

4. Black Friday Retail Detail: Insight on the first weekend of holiday shopping, with Dana Telsey, Telsey Advisory Group chief research officer/retail analyst and CNBC's Carl Quintanilla.

5. Stop Trading: Mad Money host Jim Cramer shares his stock picks with CNBC's Erin Burnett.

Click here to view all of today's Top stories

TechCheck with Jim Goldman: Yahoo Can't Cope with Cyber Monday Thousands of online retailers who rely on Yahoo's e-commerce systems were in a panic today, when the Internet giant's small business servers suffered an outage that the company blamed on high holiday traffic. The timing could not be worse, writes CNBC's Jim Goldman, on what has become known as "Cyber Monday," the busiest day for online shopping, which follows brick-and-mortar retails' Black Friday. Click here to view posting.

Tune in to CNBC tomorrow to watch the market unfold

1. FCC VS. CABLE: FCC Chairman Kevin Martin thinks cable companies reached the competitive saturation point with consumers and he to tighten regulation on the cable industry with his plan for a so-called a la carte system, pushed to offer increasaed choices and decreased costs for consumers. A vote tomorrow could signal the end to the current cable business model as we know it as patrons and shareholders alike. Hampton Pearson digs in to reveal the changes in the landscape for cable companies and their shareholders.

2. NYC COUNTS CALORIES: NYC Board of Health wants calorie counts listed alongside prices on menus for all chain restaurants but the restaurants and lobbyists are pushing back. Although only 10% of total restaurants are chain restaurants the meals purchased are 30% of restaurant meals. Bertha Coombs is live at the hearing in New York with the calorie latest.

3. CONSUMER CONFIDENCE: Consumers confidence is slipping and sits at its lowest level since Hurricane Katrina, and fears of inflation are on the rise. Steve Liesman examines the data to see if the number surprise to the upside on the heels of holiday spending.

4. OSCAR WYATT SENTENCED: Houston oil tycoon Oscar Wyatt, who plead guilty to his involvement in the UN oil-for-food case is sentenced at US District Court at 2pm. Scott Cohn monitors latest.

5. CALLING COUNTRYWIDE: Countrywide management is expected to present on a 10am ET conference call as a part of the Friedman, Billings, Ramsey Capital Markets Investor Conference in New York City. Conference is invitation only and no camera presence is allowed. Jane Wells monitors via web streaming.

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