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Wednesday, June 18, 2008

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  Wednesday, Jun. 18, 2008

 
 
TODAY'S TOP 5
Video 1 1. RBS Warns of Tougher Times Ahead: Report

Video 2 2. Tiger Out for the Year

Video 3 3. Lehman Brothers Update

Video 4 4. NYSE Market Wrap

Video 5 5. Stop Trading, Listen to Cramer!

 


 

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Sponsors Will Suffer From Tiger's Absence

With Tiger Woods out for the rest of the golf season because of knee surgery, Darren Rovell blogs on how much money his sponsors will lose from his absence on the links... Click here to read more.

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Tune In to CNBC Tomorrow!

THE ICAHN EFFECT: Activist investor Carl Icahn is at it again. He owns 4.3% of Biogen Idec, and has put up a slate of 3 directors for the board of 12. Last October, Icahn convinced the biotech firm to put itself up for sale, and the stock price spiked, but no pharma companies bid on Biogen and shares fell. Is Biogen Idec done with Icahn's recommendations? Mary Thompson is live at the annual shareholder meeting for the results of the vote.

HOMEBUILDER HOE-DOWN: Bank of America is hosting a homebuilders conference in New York City with the some of the smartest real estate moguls in attendance. Diana Olick talks to Toll Brothers and Pulte Homes as the nation awaits a housing turnaround.

POLITICS OF ENERGY: Rising fuel costs can't be ignored by consumers or the Presidential candidates. To drill or not to drill offshore? It's the hottest debate of the week, with both Obama and McCain speaking out. Which plan will win over voters? That's the million dollar question as both candidates look for issues that will lead them to a victory on Election Day.

MODERN DAY WILDCATTING: As oil prices continue to stay at record levels, smaller companies are hitting gold, black gold. Wildcatters are back and they are doing better than ever. They are the risk takers in the industry, the ones that find land, lease it or buy it, and start drilling with the hopes of hitting the jackpot. Using engineers and research, they make educated guesses on where the next big find will be, but it's always a risk. NBC's Janet Shamlian scours Texas in search of black gold.

 
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