CNBC.com's News Now: Big Three Hearing Highlights

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DOW 8635.42 259.18 +3.09% NASDAQ 1509.31 63.75 +4.41% S&P 876.07 30.85 +3.65%   Friday, Dec. 05, 2008   WHAT YOU SHOULD KNOW     Recession Plays: Preferred Stock and Corporate Bonds The worsening employment and housing news on Friday only confirmed what most investors already believed: Now is a lousy time to buy stocks. But there's good news: corporate bonds and preferred stock—with their high yields and relative safety—offer some of the best investment opportunities in years...read more     Dow Gains Nearly 300 After Late-Day Rally Stocks shot up like a rocket in the final hour of trading, shrugging off earlier losses triggered by the biggest monthly job loss in 34 years and the highest percentage of delinquent mortgages on record... read more     New Risk to Your 401(k): Firms Cut Matching Funds As if your 401(k) hasn't been through enough, more companies have suspended or cut matching funds to retirement accounts...read more     TODAY'S TOP 5 VIDEOS     1. Non-Farm Payrolls Down 533,000 Job losses accelerate, reports CNBC's Steve Liesman     2. Big Three Hearing Highlights CNBC's Phil LeBeau has the highlights from today's Big Three hearings on Capitol Hill.     3. Merrill: End of an Era Merrill Lynch begins its shareholder meeting to vote on the Bank of America takeover, with Winthrop Smith, Jr. former Merrill Lynch International chairman/Summit Ventures CEO     4. Stop Trading, Listen to Cramer! Mad Money's Jim Cramer shares his stock picks and pans with CNBC's Erin Burnett.     5. Spirits & Profits Brown-Forman, the maker of Jack Daniels, reported better-than-expected fiscal Q2 profits and lefted its outlook for 2009. The company's CEO, Paul Varga, his company's success with CNBC's Maria Bartiromo.     Click here to view all of today's top videos on CNBC.com     CNBC.com BLOG OF THE DAY     Even With All The Programs, Many Home Borrowers Beyond Help We've been talking a lot today about the latest delinquency numbers from the Mortgage Bankers Association and how the recession is going to affect foreclosures going forward... 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

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CNBC.com's News Now: Bernanke On Housing

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DOW 8376.24 -215.45 -2.51% NASDAQ 1445.56 -46.82 -3.14% S&P 845.22 -25.52 -2.93%   Friday, Dec. 05, 2008   WHAT YOU SHOULD KNOW     How to Price Your Home and Sell It Now It's the worst-case scenario for home sellers: To endure price cut after price cut until their houses become stigmatized and hungry buyers smell blood. But how can you avoid this unpleasant scenario in today's troubled housing markets? read more     Bailout Efforts Now Focus On Main Street, Not Banks Having thrown trillions of dollars at Wall Street, the Fed and Treasury now appear ready to do the same for Main Street by proposing help for the housing market... read more     Stocks Drop 200 Amid Economic Worries Stocks ended sharply lower Thursday amid anxiety over a fresh round of layoffs, dismal same-store sales numbers and the prospect of tomorrow's jobs report...read more     TODAY'S TOP 5 VIDEOS     1. Bernanke On Housing Fed Chairman Ben Bernanke calls for greater standardization and efficiency in loan modification.     2.AT&T Announces Job Cuts AT&T plans to reduce its 2009 capital exenditures from 2008 levels, reports CNBC's David Faber     3. Auto Hearing: Alan Mulally Statement Ford Motor Company president/CEO Alan Mulally makes a statement to the Senate Banking Committee.     4. Auto Hearing: Richard Wagoner Statement General Motors chairman/CEO Richard Wagoner, Jr. makes a statement to the Senate Banking Committee     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     Hell Freezes: Piper Doubts Apple Piper Jaffray's Gene Munster has a cult following among Apple's faithful: he's been out there, sometimes alone, beating the fundamentals drum of this company. But that changed Thursday... 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

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