Today on American Morning, Christine Romans reports on the morning business news headlines.
This morning, we're watching:
* Wall Street just can't shake its concerns about Europe's ongoing debt crisis. Stocks took a hit yesterday. The Dow, Nasdaq and S&P 500 all dropped more than 1%.
* Federal Reserve Chairman Ben Bernanke is concerned that Europe's problems may spill over into the U.S. That's according to Republican senators who were briefed by the Fed chairman yesterday.
* Concerns about Europe have investors dumping gold and going into cash. The precious metal sank 5% yesterday. It's the first time gold's been below the $1600 level in three months. Silver, copper and palladium were also down sharply.
* In about two hours from now, we'll get a fresh read on the employment situation. The initial jobless claims report is expected to show that 390,000 unemployment claims were filed for the first time last week. Anytime that number is below 400,000 it's considered a good sign for the labor market
* The nation's top CEOs remain cautious about the economy. According to a survey by the Business Roundtable, two-thirds say they don't plan to increase hiring in the next six months, nor do they plan to spend more on large equipment.
* Finally some good news for the travel industry. According to AAA, nearly 92 million Americans - that's about one-third of the population - are expected to travel at least 50 miles this holiday.
Tune in to American Morning at 6am Eastern every day for the latest in business news.