CNBC.com News Now: Paulson's Capital Purchase Plan

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DOW 9265.43 413.21 +4.67% NASDAQ 1770.03 58.74 3.43% S&P 985.4 44.85 +4.77%   Monday, Oct. 20, 2008   CNBC TASK FORCE     Bob Pisani, Reporter, CNBC Business News Volatility Continues, But Here's The Good News The bad news is that the large price swings in stocks continue, with the Dow gapping up at the open, moving in a 300 point trading range with ease. But the good news is that stocks — and traders — are a lot calmer, despite the price swings. And there's one reason for the markets slow move up today: credit markets are improving. Stock traders are noting that Libor rates continue to decline across all maturities — and in case you're wondering, stock traders have not normally paid attention to Libor, except in the last few weeks...read more Trader Talk     WHAT YOU SHOULD KNOW     Consumer Stocks: A Staple for Your Portfolio Linda Bolton-Weiser, managing director at Caris & Company, says consumer staples stocks are the way to go. She expects earnings growth in the sector to be relatively strong at "around 10 percent on average."....read more     See What People Are Saying About... Second Stimulus Check A second economic stimulus package gained sudden momentum after Federal Reserve Chairman Ben Bernanke urged Congress to consider a new plan and the White House said President Bush was "open" to the idea...read more     Does France's Sarkozy Seek 'State Capitalism'? Is a second Bretton Woods coming? Mr. Sarkozy, the French president, met with President Bush over the weekend. They agreed to a series of summit meetings in the next few months to discuss common strategy for the global economy, but don't kid yourself: behind that innocuous goal, Mr. Sarkozy is clearly pushing for a change in the way capitalism is practiced...read more     TODAY'S TOP 5 VIDEOS     1. Paulson's Capital Purchase Plan Treasury Secretary Henry Paulson unveils new details about his department's capital purchase plan.     2. Euro Rates Heading Lower Germany, "the best student in the class" is showing significant signs of weakness, which will prompt the ECB to cut interest rates by 50 basis points before next year, Jean-Michel Six from Standard & Poor's told CNBC.     3.Calling for CDS Regulation Discussing the regulation of credit default swaps, with Eric Dinallo, New York State Insurance Department superintendent.     4. Nobel Thoughts On the Economy Discussing the financial crisis and the economy, with Joseph Stiglitz, 2001 Nobel Prize winner/ Columbia University professor and Gov. David Paterson, D-NY.     5. Stop Trading, Listen to Cramer! Mad Money's Jim Cramer shares his stock picks and pans with CNBC's Erin Burnett.     Click here to view all of today's top videos on CNBC.com     CNBC.com BLOG OF THE DAY     Apple Set to Report — Naysayers Tremble It all comes down to Tuesday. No more speculation. No more manipulation. Apple will open its books, reporting its fiscal fourth quarter numbers amid its most turbulent financial times since Gil Amelio's 100 days...read more See All CNBC.com Blogs   Watch CNBC live on your desktop. Click here to find out how.   NEWS MARKETS EARNINGS INVESTING VIDEO CNBC TV CNBC PLUS   (c) 2008 CNBC, Inc. All Rights Reserved

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