- Jobless Data to Put More Pressure on Fed, Bailouts
- Commods, Banks Drag Euro Stocks Down
- European Stocks to Open Sharply Lower
- Toshiba to Briefly Halt Chip Output on Weak Demand
- Boeing Mulls Pushing Back Dreamliner Deliveries
- Chief Executive Quits Australian Publisher Fairfax
- Asian Markets Wobble on Gloomy Economic Outlook
- Motor Racing-Honda Pulls Out of Formula One
- Job Cuts Picking Up Steam Just in Time for Holidays
- Wall of Shame: Fortress Investment's Wes Edens
- Cramer to Geithner: Let FDIC Chair Keep Her Job
- Lightning Round: Boeing, Medtronic, Agrium and More
- Lightning Round OT: Continental, Amylin Pharma and More
- Sell Block: Cramer's Solution for Mortgage-Backed Paper Mess
- Toll Brothers CEO's Housing Outlook
- Making Money Off M&A
- Your First Move For Friday December 5th
- Web Extra: Fast & Furious Trades For Friday
Text Size 
GM's market value falls below 1929 level and is placed on credit watch by S&P, while another washout overtakes Wall Street, sending major averages down as much as 7 percent. The following are today's top videos:
NYSE Market Wrap
“Notice that 3pm, for the last two days, it has been the magic hour. It’s when everyone starts selling off, that’s because traders come in and they try to get rid of the stocks because of redemptions and margin calls.”
—Bob Pisani, CNBC Business News
S&P Puts GM on Watch Negative
“GM [GM
Loading...
()
], now on credit watch negative being placed by S&P. S&P citing both the weakening state of the global automotive market as well as weak capital market conditions that will remain “a serious challenge for the foreseeable future.””
—Trish Regan, CNBC Business News
The "Paulson Effect"
“It tells me that people don’t feel confident with [Paulson’s explanation]. And it happens when Bernanke does it too. It happens like clockwork. For the first five-minutes that [Paulson] was speaking, [the Dow] was holding up. But he just kept talking, and it cratered. It happens every time.”
—Daniel Frishberg, Chief Investment Strategist, LafferFishberg.com
Keeping Your Money Safe in Munis
“Historically, municipal bonds have yielded anywhere between 75 to 90 percent of U.S. tresasurys. They’re currently yielding anywhere between 125 to 160 percent of treasurys. So if that relationship comes back into some sort of semblance of historical patterns, you’re going to see a significant capital appreciation on the price of the bonds.”
—Peter Demirali, Portfolio Manager, Cumberland Advisors
Maria’s Market Message
“Typically, when the market closes at the lows of the afternoon, it opens lower the next morning. We will be watching for that opening bell. Stocks took a massive hit on Thursday night—the third largest single session point decline in history for the Dow Industrials. The Dow dropping more than 678 points on the day…”
—Maria Bartiromo, CNBC’s Closing Bell
More From CNBC.com
- AIG Shares Plunge After Insurer Receives More Cash
- Oil Hits 12-Month Lows as Stock Market Slides
- Insurers' Shares Slammed by Capital Concerns
- Earnings Surprises: Who Will Hit and Who Will Miss?
Print
Email
Del.icio.us
Digg It
Data is a real-time snapshot *Data is delayed at least 15 minutes