Herman Cain's presidential campaign continues to descend into full blown crisis mode. A third woman has reportedly stepped forward to say she too was the victim of unwanted advances from Cain. But Cain claims that this is simply one more example of what he calls an "appalling smear campaign."
Cristine Romans sits down with republican strategist Ed Rollins and crisis communications adviser Ronn Torossian to get their thoughts on how Cain's campaign should manage the bad press.
Today on American Morning, Christine Romans reports on the morning business news headlines.
Today we're watching:
* As of this writing, U.S. stock futures are trading sharply lower ahead of the opening bell. And world markets are down too this morning - all because of Greece, which is topping the agenda at the G20 summit that kicks off today in Cannes, France.
* In the U.S., we'll get a fresh read on the employment situation in this country later this morning. The initial jobless claims report is expected to show that 401,000 unemployment claims were filed for the first time last week. Any time this number comes in above that 400,000, it's not a good sign for the labor market.
* More bank fees. TD Bank showing no signs of fear about a customer rebellion. It's rolling out a brand new $9 fee on savings account transactions. But it only kicks in after six transactions are made during a billing cycle. The bank also plans to hike four other fees that are already in place.
* A big time place for bargains – going broke. All Syms and Filene's Basement department stores will be closed by the end of January.
* A group of lawmakers has a plan on the table to save the cash-strapped U.S. Postal Service. It would cut Saturday service within two years and close a number of post offices, while offering buyouts to 100-thousand employees.
Tune in to American Morning at 6am Eastern every day for the latest in business news.
From CNN's Carol Costello:
You'd think that after the nation watched the Clarence Thomas/Anita Hill scandal unfold in 1991, we'd all understand by now what exactly constitutes sexual harassment. But the accusations leveled against Herman Cain have brought these questions back to the forefront.
Some, like conservative radio host Laura Graham, claim that Herman Cain's accusers have an ulterior motive.
"We have seen this movie before and we know how it ends," Graham said Monday. "It always ends up being an employee who can't perform or who under-performs and is looking for a little green."
We don't even know the accuser's name – or her version of the story. Yet she's under attack. And yes, so is Herman Cain.
But let's put politics aside and talk about an issue that still seems to confuse us.
Critics say an undue focus on sexual harassment have made workplaces too politically correct.
"There are people now who hesitate to tell a joke to a woman in the workplace, any kind of joke, because it could be interpreted incorrectly," Senator Rand Paul told the National Review.
But women's advocates say sexual harassment is the most important issue in the workplace for women. They argue that it denies them equal employment opportunity. And if they choose to file a claim, it puts them in a no-win situation.
According to its legal definition, sexual harassment can include "unwelcome sexual advances, requests for sexual favors, and other verbal and physical harassment of a sexual nature." But it can also mean making offensive comments about women in general to the point where it creates a hostile work environment.
Talk Back: Do we understand what constitutes sexual harrasment?
Let us know what you think. Your answer may be read on this morning's broadcast!