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Thursday, January 31, 2008

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Thursday, Jan. 31, 2008
1. Wilbur Ross Won't Wait For Downgrade:
Billionaire Wilbur Ross, rumoured to be considering a bid for Ambac, tells CNBC that any takeover of a bond insurer has to come before a downgrade. Wilbur Ross, chairman & CEO, WL Ross & Co., speaks to CNBC's Martin Soong, Amanda Drury.

2. Claims, Income & Spending:
A look at today's economic data, with John Brady, MF Global; CNBC's Rick Santelli & Steve Liesman.

3. Big Game TV Hunting:
Breaking down the options on big screen HDTVs for the big game, with David Pogue, NY Times tech columnist and CNBC's Dylan Ratigan.

4. Bottom Wishing:
Cultural references, from Newsweek's cover to Britney Spears, that could signal a bottom, with CNBC's Michelle Caruso Cabrera.

5. Google Earnings Reaction:
Reaction to Google's latest earnings announcement, with Jordan Rohan, of RBC Capital Markets, and CNBC's Jim Goldman.

Speed Cameras: Say "Cheese" As You Pass The Next Stop Light

You might have to start smiling when you pass through the next red light. Phil Lebeau blogs on a new study showing that cameras at intersections have a dramatic effect of slowing drivers down. Click here to view posting.


JOBS FRIDAY: Steve Liesman provides instant analysis and market reaction to the latest jobs/economic data and news of more Fed Auctions, following the 50 basis point rate cut from Thursday's meeting.

AUTO SALES: Major automakers report U.S. auto sales and Wall Street is expecting sales to fall by as much as 3% for January, and could begin to shape 2008 as the worst year for automakers in more than 10 years as oil prices continue to rise and consumers begin to feel pinched. LeBeau analyzes the numbers as GM, Toyota continue the battle for the top spot.

BIOTECH GAINS FROM PHARMA'S LOSSES: There have been tens of thousands of pharmceutical industry layoffs and job cuts as big pharma has downsized to bolster its bottom line. But could big pharma's loss be biotech's gain? How many of the big pharma employees who've been pink-slipped are finding themselves in a job-seeker's market in the biotech sector? Mike Huckman reports.

OPEC DECISION: As oil continues to back off its $100 record high, OPEC leaders meet in Vienna, Austria. CNBC Europe's Steve Sedgwick will be live on Friday with the news of their latest output decision.

THEN THERE WERE TWO: John Harwood wraps up the highlights from Thursday evening's Democratic debate between Obama and Clinton. California has always been important to the presidential race, who are the people endorsing?

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