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Monday, June 2, 2008

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NEWS MARKETS EARNINGS INVESTING VIDEO CNBC TV CNBC Plus
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TODAY'S TOP 5
Video 1 1. $12-$15 Gasoline

Video 2 2. Cancer Conference Highlights

Video 3 3. Wachovia CEO Ousted

Video 4 4. Bank Downgrades

Video 5 5. Maria's Market Message

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Foreclosures Weighing Heavier Than Ever On Prices

The "tidal wave" of home foreclosures doesn't seem to be ending soon. And as Diana blogs about some new numbers, the housing bottom seems far away at sea... Click here to read more.

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GM STUCK IN REVERSE: GM shareholders have reason for frustration. With the automaker's stock sitting at a 26-year low and seemingly more problems ahead, many upset shareholders are expected to make their presence known at the company's annual meeting. What's worse, GM is expected to announce cuts at the meeting. Phil LeBeau is live in Wilmington, DE detailing the unrest.

AUTO SALES UNDER PRESSURE: As consumers tighten their purse strings, big ticket purchases are feeling the pinch, across the board. And that pain is being felt by the auto industry, amidst the cross current of high fuel prices and commodity costs. The major automakers release their monthly sales figures for the month and they're expected to be quite weak. Phil LeBeau fronts the numbers.

BERNANKE TALKS: Fed Chief Ben Bernanke is in Washington, DC, where he'll be talking via satellite at 10a ET as part of a panel of central bankers at the International Monetary Conference, in Barcelona, with ECB President Jean-Claude Trichet, Bank of Japan Governor Masaaki Shirakawa and Bank of Spain Governor Miguel Fernandez Ordonez. Steve Liesman reports Bernanke's comments and monitors for news.

ENERGY MARKET MANIPULATION: Hampton Pearson is live on the Hill where a hearing will examine energy market manipulation and federal enforcement regimes. The hearing will also consider the current state of the oil and gas markets and their impact on consumers. Witnesses include billionaire trader George Soros.

THE FINAL COUNTDOWN: It's the final two Democratic primary contests Tuesday -- Montana and South Dakota. While Obama has a seemingly insurmountable number of delegate votes, Senator Clinton fights onward, with the popular vote lead as her ammunition. Will she finally concede? John Harwood follows the news from the campaign trail as the race narrows in the final countdown.

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