CNBC.com's News Now

Wednesday, Dec. 19, 2007

1. Summers' Tax Cut Push Former Treasury Secretary Larry Summers plan to cut taxes & increase spending. 2. Mortgage Lenders Down Stocks lose gains after S&P revises its outlook on the MBIA. 3. Sallie Mae Shares Plunge Shares plunge after CEO hosts an odd conference call. 4. Viacom & Microsoft Team Up With Philippe Dauman, Viacom CEO; Kevin Johnson, Microsoft platforms/services division pres 5. Stop Trading! Mad Money host Jim Cramer shares his stock picks

Oil At $50 A Barrel--Can It Be That Low Again? Oil prices are still near record highs, but could they ever come down? Melissa Franics blogs on why $50 a barrel for oil may not seem so far off after all. Click here to view posting.

1. WHITE HOUSE SUMMIT: Steve Liesman is live with the White House Economic Advisors - Lazear, Gutierrez and Nussle at Union Station Mall in DC for an exclusive sitdown interview. They will discuss the state of consumer, economy, housing, credit and more as the holiday season ramps up in to its final days. 2. BEAR STEARNS EARNINGS: Wrapping up a week of mixed brokerage earnings, Bear Stearns and its under-fire CEO, Jimmy Cayne, will report quarterly earnings before-the-bell. Mary Thompson follows the conference call and looks at the news. 3. NBC-WSJ SURVEY: John Harwood reports the fresh results from the NBC/WSJ Poll, a new look at how the political landscape is shaping ahead of the first primaries. 4. GAMING FOR GIRLS: This niche category is growing 20% a year: a hot holiday gift, and a cash cow for Disney, Nintendo, and THQ. Julia Boorstin follows the trend and the business implications... 5. PHILLY FED DATA: Rick Santelli report the market-moving economic indicator at high noon.

Portfolio Watchlist Insider Trends Financial Glossary Stock Screeners Fund Screeners Earnings Screeners

Watch CNBC LIVE on your computer. Click here for more information.
To unsubscribe to this email click here If this e-mail was forwarded to you and you would like to subscribe to CNBC's Daily Market Wrap, please click here