Today's CNBC MarketWrap

Wednesday, Dec. 05, 2007 Today's top 5 stories on CNBC

1. Gross on Subprime: PIMCO CIO and founder William Gross discusses the subprime crisis, his solutions to problems with the banking system and where he's putting his money now.

2. Clinton's Subprime Plan, Pt. 1: Presidential hopeful Hillary Clinton discusses her plan to save subprime borrowers with CNBC's Maria Bartiromo.

3. Wall Street Subpoenas: New York State Attorney General Andrew Cuomo subpoenas Wall Street banks, investigating how mortgages were packaged and sold as securities. Gerald Silk, a plaintiffs' attorney, and Tom Curran, a securities lawyer, discuss the issue.

4. Get Out Your Shopping List: A look at how to play the volatility, with Anton Schutz, Burnham Asset Management portfolio manager and CNBC's Erin Burnett.

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

Retail Detail w/Margaret Brennan: Will Retailers "Love" December As Much As November? November turned out to be a pretty good month for retailers as consumers opened their pocket books. But will it continue into December? CNBC's Margaret Brennan blogs about the chances for a "hot" December for consumers and how that could affect retail stocks. Click here to view posting.

Tune in to CNBC tomorrow to watch the market unfold

1. ALL EYES ON SUBPRIME: Washington is getting its hands dirty in the mortgage mess. At 10a ET, the House Committee on Financial Services will hold a hearing to discuss solutions featuring testimony from Federal Reserve Governor Randall Kroszner. At 145p ET, Treasury Secretary Henry Paulson and Housing and Urban Development Secretary Alphonso Jackson will hold a news conference to discuss a White House proposal that would help homeowners facing foreclosure. Hampton Pearson wraps up the latest from the capital.

2. DELINQUENT AMERICA: The Mortgage Bankers Association releases its quarterly "Delinquency Survey" released at 1000a. Steve Liesman reports the results.

3. SAME STORE SALES: Margaret Brennan follows the major stories from the November chain store sales data, the first look at holiday shopping results.

4. ANALYZING LILLY: Mike Huckman will be live in New York with a first-on-CNBC interview with the Eli Lilly CEO, Sidney Taurel, as the company provides new guidance at its analyst meeting.

5. PRINCETON DONOR FLAP: In 1961 Marie Robertson donated 700,000 shares of A&P stock to Princeton University to support the Woodrow Wilson School of Public and International Affairs. Now, with that donation worth nearly a billion dollars, Roberston's descendants are suing Princeton, saying that the University has misused the funds. A New Jersey judge will decide whether the children of a donor can take back a gift and give it to other charities. Michelle Caruso-Cabrera reports.

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