AM Minding Your Business for Oct. 5, 2011

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

Today we're watching:

* Right now, U.S. stock futures are trading higher ahead of the opening bell. A nearly 400-point swing on Wall Street helped bring the S&P back from the brink of entering a bear market yesterday.
* A global recession "can't be ruled out" next year. That is the new warning from the International Monetary Fund. The group is also urging Europe this morning to boost stimulus spending.
* Also new this morning - more evidence Europe's financial crisis is widening. Dexia, one of the biggest banks in Europe, is on the verge of a being dismantled. And that means higher borrowing costs for a lot of U.S. cities, who received cheap financing by the bank.
* Many weren't impressed by the new iPhone 4s. Apple's stock closed down slightly after the company didn't reveal a more radically redesigned iPhone 5.

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