American Morning

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December 13th, 2011
08:09 AM ET

AM Minding Your Business for Dec. 13, 2011

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

This morning, we're watching:

* U.S. stock futures are trading higher this morning after concerns the Eurozone deal won't do enough to address Europe's real financial problems – pushed the Dow down more than 162 points. Ratings agency Moody's also announced yesterday it will review the ratings of all European Union nations.
* The Federal Reserve will no doubt be weighing the risk coming from Europe when it meets later today. Most analysts expect the Central Bank to hold off when it comes to announcing a new strategy to boost the economy. Economists are forecasting the Fed will keep interest rates close to zero percent.
* AT&T putting its T-Mobile merger on hold. The wireless carrier has agreed to postpone an anti-trust lawsuit that it needed to win in order to keep its merger alive. The Justice Department and the FCC both opposed that deal, saying it would lead to higher cell phone bills and less competition.
* General Motors is hoping to restart production at it's Chevy Cruze plant in Ohio as soon as possible. The plant shutdown yesterday afternoon because of what GM calls a "supplier issue." The Chevy Cruze is the second best selling small car in the American auto market.
* With the unemployment rate at 8.6%, American workers will apparently go to great lengths to keep their jobs. According to a survey by staffing company Randstad U.S., nearly a quarter of those questioned say they'd work longer hours, give up their bonus and accept a reduction in benefits just to keep their jobs. Though only 16% would accept a pay cut in order to stay employed.
* Several Macy's stores will be pulling all-nighters so you can finish your holiday shopping. The retailer says 14 of its stores will stay open for 83 hours straight leading up to Christmas Eve.

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


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