American Morning

Tune in at 6am Eastern for all the news you need to start your day.
October 5th, 2011
08:04 AM ET

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.

Filed under: Minding Your Business
October 5th, 2011
08:02 AM ET

AM One Minute News for Oct. 5, 2011

Here's what you need to know to start your day. This morning, we're monitoring:

* Amanda Knox is back home in Seattle 33 hours after a jury in Italy overturned her murder conviction.
* Right now in Greece, thousands protesting a new wave of salary and pension cuts, tax hikes and layoffs.
* 18 people have now died from eating cantaloupe contaminated with listeria. The CDC reports at least a hundred listeria cases in 20 states.
* Another round of evacuations in Bastrop, Texas this morning. A wildfire there has already burned 1,000 acres.
* West Virginia's acting governor is acting no more. Democrat Earl Ray Tomblin won a full-term to replace former Governor now Senator Joe Manchin.
* Washington's National Cathedral will re-open in five weeks. It's been closed since it was damaged by an earthquake in August. Officials say the total restoration will take years – with the cost in the tens of millions of dollars.

Tune in to American Morning every morning for the most news in the morning at 6am Eastern.

Filed under: One Minute News
October 5th, 2011
05:42 AM ET

Talk Back: Is Occupy Wall Street the dawn of a liberal Tea Party?

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 From CNN's Carol Costello:

Ever since the dawn of the Tea Party, liberal activists have yearned for a revolution of their own.  For instance, filmmaker Michael Moore has sought to launch a mass movement by railing against Wall Street.

Moore said that Occupy Wall Street protests were "the end result of these bankers overplaying their hand."  He added: "They were already filthy rich. But filthy rich wasn't enough. " Moore has lended his celebrity to the movement and has helped protests with their social media outreach.

With the help of Twitter and Facebook, the protests have spread to other cities.  Hundreds of demonstrators have been arrested. The protesters are attracting some powerful allies – including half a dozen unions, who will march on New York's city hall today.

This group has clout and money, and they're angry at the powers that be.  In other words, they are – in many ways –  something like a liberal version of the Tea Party.  But many of the protesters don't see themselves that way.

"We dont want to be a left political group," said Tyler Combelic, a media rep for Occupy Wall Street.  "We dont want to be a political group at all. We want a call for activism."

Combelic added: "Hopefully if it grows.  Suddenly people will have the same power lobbyists have."

And heads up Wall Street – even says that this could be "more than just another loony protest movement from the left."

Talk Back: Is Occupy Wall Street The Dawn Of a Liberal Tea Party?

Let us know what you think. Your response could be read on our program.

Filed under: AM Talk Back
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