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Wednesday, September 10, 2008

CNBC.com's News Now: World's Biggest Short Seller

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s Wednesday, Sep. 10, 2008

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TODAY'S TOP 5
Video 1 1. World's Biggest Short Seller

Video 2 2. Pimco's Gross Praises GSE Takeover

Video 3 3. Ackman on the GSE Bailout

Video 4 4. Stop Trading, Listen to Cramer!

Video 5 5. Maria's Market Message

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Lehman's Commercial Real Estate Spinoff: Part Of A Fear Frenzy

Why do investors want to bail out of commercial real estate when the fundamentals appear to be good. Click here to read more.

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LIVE AT CTIA WIRELESS: Jim Goldman is live at the big CTIA Wireless Conference in San Francisco, where he'll sit down with Research in Motion CEO Jim Balsillie for an EXCLUSIVE interview. With Bold just days away from its US debut, and iPhone's ongoing momentum, there's plenty at stake in the increasingly significant smartphone sector. Jim looks at who's doing what... and what will be the next big thing.

THE TYLER PERRY PHENOMENON: "Tyler Perry's The Family that Preys" opens nationwide this Friday. Perry is already a BILLION dollar phenomenon, generating hundreds of millions of dollars in revenue annually. He's churning out two hits for Lionsgate (LGF) every single year, and he just signed another three-year contract. His TV show "House of Payne" is a huge hit on Time Warner's (TWX) TBS. And he produces stage shows. Julia Boorstin tells us how other media giants are trying (not necessarily successfully) to recreate his success with similar films.

THE ROAD TO THE WHITE HOUSE: The candidates will take a break from campaigning in recognition of the seventh anniversary of 9-11. Barack Obama and John McCain will spend the afternoon together at Ground Zero. Clearly, issues of national security are pivotal in the coming election and John Harwood keeps up with the latest.

REVIVING A FASHION ICON: Harvey Weinstein, Jimmy Choo Founder Tamara Mellon, private equity firm Hilco and a dream team of design names joined forces to revive the iconic 1970s fashion house Halston. Margaret talks to Mellon and financial director Bonnie Takhar about their plans to relaunch Halston.

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