CNBC.com News Now: Bove on Banks

Click here to view today's top stories on your mobile device. Wednesday, Oct. 21, 2009     DOW 9949.36 -92.12 -0.92%   NASDAQ 2150.73 -12.74 -0.59%   S&P 1081.4 -9.66 -0.89%     NEWS MARKETS EARNINGS INVESTING VIDEO CNBC TV SIGN IN     WHAT YOU SHOULD KNOW Amgen Profit Rises; Company Boosts Earnings Outlook Amgen reported quarterly results that outpaced what Wall Street was expecting, and the company boosted its outlook for its full-year profit... »read more EBay Shares Take Hit as Profit Outlook Disappoints EBay turned in a fourth-quarter outlook that disappointed investors on Wednesday, pummeling shares in late trading, even though the company slightly beat its third quarter earnings forecast... »read more US Slowly Clawing Out of Recession: Fed's Beige Book U.S. economic conditions stabilized or improved modestly in most parts of the country, according to a Federal Reserve report Wednesday that suggested the economy was slowly clawing out of a recession... »read more CNBC's Earnings Central On-air - Online - On Mobile Stay with CNBC for Real-Time Earnings reports and analysis. Tomorrow, reports from AT&T, Bristol-Myers Squibb, Credit Suisse, McDonald's, Merck, Philip Morris, Travelers, UPS, Wyeth Pharma, Amazon.com, American Express and more. »earningscentral.cnbc.com TODAY'S TOP 5 VIDEOS 1. Bove on Banks  Dick Bove, a financial strategist at Rochdale Securities, shares his reaction to Wells Fargo and Morgan Stanley earnings results. 2. Slashing Executive Pay  The Obama administration will order bailed out companies to make deep cuts in executive compensation, reports CNBC's Mary Thompson. 3. GM vs Car Czar  Steven Rattner, the former head of Obama's auto task force, says he was alarmed by the poor management of the Detroit automakers. GM CEO Fritz Henderson responded on CNBC this morning. 4. Galleon Winds Down  The Galleon Group, the hedge fund co-founded by recently arrested Raj Rajartman, is winding down. Greg Zuckerman, of the Wall Street Journal, discusses what this means for investors and other hedge funds. 5. Stop Trading, Listen to Cramer!  Mad Money host Jim Cramer shares his stock picks with CNBC's Erin Burnett.       TODAY'S TOP BLOG   Dollar Dumping Will Remain the Hot Trade The weak dollar is a double-edged sword for the U.S. economy. A soft dollar gives U.S. companies a pricing edge in foreign markets, helping the balance of trade, but it also adds fuel to rising commodities prices, triggering fears of inflation. »See All CNBC.com Blogs

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