Today on American Morning, Christine Romans reports on the morning business news headlines.
Today we're watching:
* Markets are on track to open lower this morning, despite the Dow jumping 3% yesterday.
* A new warning this morning that the financial problems in Europe could spread to even more countries.
* We could learn more about America's exposure to the banking crisis in Europe. Today, Treasury Secretary Timothy Geithner will speak following a meeting with the Financial Stability Oversight Council.
* Corporate earnings season kicks off today. After the closing bell, Alcoa – one of the largest aluminum producers in america – releases its third quarter earnings.
* Finally, Facebook has released its iPad app. The app, which has been in the works since last October, is rumored to have been delayed because of a rift between Facebook and Apple.
Tune in to American Morning at 6am Eastern every day for the latest in business news.
From CNN's Carol Costello:
The Democratic-controlled Senate is expected to take up President Obama's controversial jobs bill today, with a key procedural vote on whether to debate the bill scheduled for this evening.
The bill extends unemployment payments, cuts the payroll tax, provides money to hire more teachers and construction workers, and boasts a tax on millionaires to pay for it all. The president has traveled to eight different cities to promote the legislation, although Republican lawmakers remain opposed to the bill.
Senator Mitch McConnell remarked last week, "What this week has shown, beyond any doubt, is that Democrats would rather talk about partisan legislation that they know won't pass, than about actually passing legislation we know would create jobs. "
Talk Back: Are you sold on the president's jobs bill?
Let us know what you think. Your answer may be read on this morning's broadcast.