CNBC.com News Now: Bailout Approved

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DOW 10325.38 -157.47 -1.5% NASDAQ 1947.39 -29.33 -1.48% S&P 1099.23 -15.05 -1.35%   Friday, Oct. 03, 2008   CNBC TASK FORCE     Carl Quintanilla, Co-Anchor of "Squawk Box" Sometimes, the smartest strategy is: do what the nation's biggest companies are doing. a) cutting costs and dividends. B) stockpiling cash. And c) trimming or eliminating their stock buybacks. What's the lesson? CEO's and CFO's are planning for more economic pain ahead. Maybe it's time to watch your spending at home, to preserve capital, avoid taking on more debt -- and wait for stocks to get cheaper before going shopping for equities. Experts may have different opinions, but there's something to be said for the "wisdom of crowds", especially when those "crowds" include the heads of public companies -- and the armies of advisors who are paid to tell THEM what to do next.     WHAT YOU SHOULD KNOW     Bailout Approved: What happens now? The biggest tax breaks in the financial industry bailout may be those that aren't even in the bill. Banks and other financial institutions can conceivably write off billions of dollars in losses after they sell bad mortgage assets to the government...read more     Three Ways to Benefit From the Downturn Pollyanna I am not, however, I am unable to be 'down' for long periods of time. My tendency is to always search for, and find, the upside. So where is the silver lining in all this mess...read more     Wall Street Gets Rescue, But What About Stocks? Stocks didn't even get a short-term boost from today's approval of a $700 billion financial rescue package, and the longer-term outlook isn't any better...read more     Is the Bailout Enough? Debating whether the bailout will be enough to rescue the U.S. economy, with Dean Baker, from the Center for Economic & Policy Research; David Malpass, of Encima Global; and Marc Morial, of the National Urban League...read more   The deal is done, the motion is adopted, but the story is far from over. Tonight, CNBC's Special report brings you continued coverage of the bailout decision and how it affects your money. "Wall Street Crisis: Is Your Money Safe?" hosted by Larry Kudlow.     TODAY'S TOP 5 VIDEOS     1. House Votes On Bailout The House begins to vote on the financial rescue package. Traders react, and the CNBC new team shares their analysis.     2. Buffett on the Bailout Bill Warren Buffett shares his reaction to the House's passage of the financial bailout bill     3. Reaction to Congress with Bill Gross Reaction to the House's passage of the bailout bill, with Pimco's Bill Gross; Tobias Levkovich, of Citi; and William Thompson, NYC Comptroller     4. Wells Takes Wachovia Richard Kovacevich, chairman of Wells Fargo, is leading the company's $15 billion bid for Wachovia. He joins CNBC's Maria Bartiromo.     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     Latest Jobs' Health Rumor: It's NOT True He Had Heart Attack Rumors from the internet continue to swirl around the health of Apple CEO Steve jobs...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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CNBC.com News Now: Buffett's 3 Rules for Investing In a Crisis

To view the latest headlines and get real-time stock quotes on your mobile device, go to http://m.cnbc.com

DOW 10482.85 -348.22 -3.22% NASDAQ 1976.72 -92.68 -4.48% S&P 1114.28 -46.78 -4.03%   Thursday, Oct. 02, 2008   CNBC TASK FORCE     Sharon Epperson, CNBC Business News Reporter With the economy in turmoil, many working Americans aren't as worried about the money they've lost in their 401(k) as they are about not getting their next paycheck. Jobless claims have surged to the highest level since 9/11 and the overall unemployment rate could jump even higher than last month. If you're worried about losing your job, be proactive. Step up your game at work and make sure your boss is aware of your accomplishments. Get your resume up to date and start networking for the next job now. If you are laid off, file for unemployment benefits right away (it can take a few weeks to get that first check) and arrange for health insurance. On a more positive note, the silver lining in this economic crisis is the decline in energy prices. Crude oil averaged $117 a barrel in August and is now under $94. Retail gas prices have come down 50 cents from the July high to $3.60/gallon and are under $3 in some parts of Missouri and Oklahoma. Perhaps, when the Energy Department releases its winter fuels outlook next Tuesday, we'll find out this year's surge in heating oil and natural gas costs will be a little less than the 17% increase that was predicted last month. But that news may be cold comfort in the midst of this crisis.     WHAT YOU SHOULD KNOW     Extraordinary Opportunities to Invest Where you can out your money to work, with Gina Sanchez, California Endowment and Scott Richter, Fifth Third All Cap Value...read more     How to Lower Your Volatility Exposure The financial markets have been a virtual roller coaster over the past year and market watchers say it is likely to continue, at a minimum, through the end of the year -- not the end of...read more     What's in the Senate Financial Rescue Plan The bailout bill approved late Wednesday by the Senate not only provides $700 billion for rescuing financial markets but extends billions more in tax breaks for renewable energy, businesses and middle class workers...read more     Warren Buffett's Three Rules for Investing In a Crisis The new authorized Warren Buffett biography is off to a fast sales start, hitting number one on Amazon's best-selling book list just days after its publication....read more   Tonight, the latest on the debate and the bailout vote. The two biggest stories America's talking about. "Wall Street in Crisis: Is Your Money Safe" Tonight 7p ET hosted by Larry Kudlow     TODAY'S TOP 5 VIDEOS     1. Senate Sends Strong Message A look ahead of the Vice Presidential debate and a recap of the Senate's vote yesterday on the bailout plan, with CNBC's John Harwood and Dick Armey, FreedomWorks     2. Ross Bailout Plan WL Ross & Company CEO Wilbur Ross is willing to put his own funds behind his version of a plan.     3. Extraordinary Opportunities to Invest Where you can out your money to work, with Gina Sanchez, California Endowment and Scott Richter, Fifth Third All Cap Value     4. AXA CEO On Bailout Discussing the bailout package, with Kip Condron, AXA Financial CEO & president and CNBC's Melissa Francis.     5. Stop Trading, Listen to Cramer! Mad Money host Jim Cramer shares his stock picks with CNBC's Erin Burnett.     Click here to view all of today's top videos on CNBC.com     CNBC.com BLOG OF THE DAY     SAG Pushing For Actor's Strike In Hollywood? Despite a troubled economy, Hollywood may be shut down again...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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