American Morning

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November 29th, 2011
08:14 AM ET

AM Minding Your Business for Nov. 29, 2011

Today on American Morning, Christine Romans reports on the morning business news headlines.

This morning, we're watching:

* Breaking news this morning: AMR, the parent company of American Airlines, has filed for bankruptcy protection. The decision comes after the airline was unable to secure cost-cutting labor agreements. The airline says it will still honor all tickets and reservations.
* Right now, U.S. markets are on track to extend yesterday's rally. The Dow, Nasdaq and S&P 500 futures are trading higher.
* Markets are up in Europe this morning as investors are optimsitic that leaders will get it together and fix the region's debt problems. This even after an ominous warning out from Moody's. The ratings agency says the current debt crisis is threatening the credit worthiness of every nation in the European Union as well as more than a dozen of the region's largest banks.
* There's new evidence that Washington's inability to reach a debt deal is going to hurt all Americans. The credit rating agency Fitch affirmed America's AAA credit rating but revised its outlook to negative. That change means the agency sees a greater than 50% chance it will downgrade the country's AAA rating within two years.
* Cyber Monday turned out to be more popular than ever this year. Early estimates from IBM show sales were up 18% from a year ago. Another research firm predicts customers spent around $1.2 billion dollars yesterday.

Tune in to American Morning at 6am Eastern every day for the latest in business news.


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