American Morning

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December 2nd, 2011
07:20 AM ET

AM Minding Your Business for Dec. 2, 2011

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

This morning, we're watching:

* The all-important November jobs report comes out this morning at 8:30am ET. Economists are forecasting that about 110,000 jobs were added to the economy last month. The unemployment rate is expected to remain at that stubbornly high 9 %.
* U.S. stock futures are right now trading higher after a minor pull back yesterday. The Dow and broader S&P 500 closed down slightly. The Nasdaq was up.
* There's potential relief on the way for homeowners facing foreclosure. Mortgage giants Fannie Mae and Freddie Mac are putting foreclosures on hold during the holidays. We should note this only applies to mortgages held or controlled by Fannie and Freddie.
A number of banks have also said they would suspend evictions during the holidays.
* General Motors announcing it will buy back a Chevy Volt from any driver concerned about his or her safety. The move follows a federal investigation into possible post-crash fires started by the Volt's battery. GM also conceding it won't sell the 10,000 Volts it hoped to sell in 2011.
* The auto industry posting its best month for sales since the cash for clunker's program in 2009. And those gains were led by U.S. carmakers. Chrysler is reporting its sales soared 45% from a year ago. GM reporting sales up nearly 7% from a year earlier, while Ford was up 13%.
* If you've used Ticketmaster in the past 12 years, you could be getting some money back! According to the Business Insider, a proposed class action settlement asks tthe ticket website to refund the $1.50 it charged for every ticket purchased between October 1999 to October of this year. It's all because customers caught on to the fact Ticketmaster was profiting from the processing fees.

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


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