CNBC.com's News Now: Whitney's Still Bearish On Banks

Click here to view today's view this newsletter on your mobile device. Monday, Apr. 06, 2009     DOW 7975.85 -41.74 -0.52%   NASDAQ 1606.71 -15.16 -0.93%   S&P 835.48 -7.02 -0.83%       NEWS MARKETS EARNINGS INVESTING VIDEO CNBC TV CNBC PLUS     WHAT YOU SHOULD KNOW Stocks Pare Losses; Banks Down, Airlines Up Stocks rallied into the close Monday, posting modest losses amid doubts over the health of the banking industry and the apparent collapse of a major deal in the technology sector.... »read more Banks' 1st-Quarter Results May Show Improvement: Whitney Bank earnings may show some improvement in the first quarter, though the sector still has far to go in recovering from the credit crisis, well-known analyst Meredith Whitney told CNBC... »read more Where Are Stocks Headed? Four Things to Watch The view from the sidelines during the market's four-week rally wasn't pretty, and it may be a while before investors see those kinds of gains again... »read more TODAY'S TOP 5 VIDEOS 1. Mayo's Seven Deadly Sins of Banking   A former Deutsche Bank analyst Mike Mayo launches coverage of the banking industry and issues a report on the "7 deadly sins of banking," reports CNBC's Charlie Gasparino 2. Whitney's Still Bearish On Banks  Financials saw a see of red Monday after bank analyst Mike Mayo warned that loan losses will probably exceed levels seen in the Great Depression. Meredith Whitney, CEO of the Meredith Whitney Advisory Group, shares her insight on the sector 3. Gates Plays Defense   Defense Secretary Robert Gates reveals the details of the U.S. Defense Budget. 4. Rowing the Wrong Way   David Roche, global strategist at Independent Strategy Ltd, says the market rally will peter out because the economy will not recover as anticipated. He tells CNBC's Martin Soong that the government's move to borrow a lot of money on the Fed's balance sheet to keep yesterday's dream will simply not work. 5. Stop Trading, Listen to Cramer!  Mad Money's Jim Cramer shares his stock picks and pans with CNBC's Erin Burnett.       TODAY'S TOP BLOG   Big Pharma At 30,000 Feet In my defense, it was right there in front of me. It was boldfaced, colorful, plentiful and in plain view. I'm talking about the laptop computer screen of a fellow airplane passenger late last week. I was sitting on one side of the aisle. He was on the other, but one row up. And for nearly the entire five-hour flight from Newark, NJ to Los Angeles the thing was wide open. I didn't have to lean forward, squint, or put on my glasses to see what the guy was working on: a presentation on the marketing plans for a new drug — one I had never even heard of. We're talkin' dozens of pretty PowerPoint pages promising a "deep dive" into how the company hopes to get insurance companies to pay for the drug. »See All CNBC.com Blogs     FIRST IN BUSINESS WORLDWIDE     (c)2009 CNBC Inc. All Rights Reserved 900 Sylvan Englewood Cliffs, NJ 07632

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