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Wednesday, January 2, 2008

CNBC.com's News Now

 Wednesday, Jan. 02, 2008
1. Oil's Record Run:
Supply concerns may be adding to oil's record run today. Fadel Gheit, of Oppenheimer & Co., and John Kilduff, of MF Global, share their insight.

2. NYSE Market Wrap:
Bertha Coombs reports on the Dow's worst-ever point drop to open a year, from floor of the NYSE.

3. Job Cuts at Merrill, Citi:
CNBC's Charlie Gasparino has the latest on job cuts at Merril Lynch and Citi.

4. Stop Trading, Listen to Cramer:
The Fed is not your friend, as well as some stock picks to consider, with Mad Money host Jim Cramer and CNBC's Erin Burnett.

5. FOMC Highlights:
Highlights from the latest FOMC meeting, with Mike Englund, of Action Economics, and CNBC's Steve Liesman.

Cast Your '08 Vote Now: The "Candidates" Are Ford, GM, Toyota

The time to vote is now ! Not for Obama, Clinton or Huckabee, but for which automaker has the most to prove in 2008. Phil Lebeau blogs on his picks and then asks for yours. Click here to view posting.


1. HOT SPOTS FOR OIL PRICES: With oil teasing $100 a barrel, Sharon Epperson looks at the geopolitical hot spots where any given newsflash can cause the commodity price to pop or drop.

2. JUDGMENT DAY IN IOWA: John Harwood reports from Des Moines as Iowa officially gets the 2008 Presidential vote underway. Who will shake out amidst the quirky caucus? And what prospects do the victors hold for Wall Street?

3. LOOKING AHEAD TO NEW HAMPSHIRE: Hampton Pearson is on the ground in New Hampshire. And while all eyes are out west in Iowa, candidates are laying the groundwork and ready to flip their attention in full to the first traditional primary in New Hampshire next week.

4. MONTHLY AUTO SALES: Phil LeBeau reports the latest monthly auto sales. How are the automakers lined up as they enter 2008? What do the sales figures say about the overall U.S. economy?

5. HOUSING MARKET OASIS: With a profile of the Manhattan housing market released today, Diana looks at the one part of the country where home prices are still on the rise.

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