American Morning

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October 7th, 2011
07:11 AM ET

AM Minding Your Business Oct. 7, 2011

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

Today we're watching:

* Today, it's all about the big September jobs report. It's released at 8:30am. Economists expect it to show that we added 65,000 jobs. The unemployment rate is also expected to stay at 9.1%.
* Can the markets make it four straight days of gains? Right now U.S. stock futures are down after overseas markets turned lower and European leaders continue to try and solve that region's debt crisis.
* A dozen European banks are taking a hit this morning after the credit ratings agency Moody's cut their rating. Moody's believes the U.K. government may not support some of its banks if they need a bailout.
* Banks, investment firms and lobbyists are pouring over details of a leaked government proposal designed to limit the kinds of risky trading that played a part in the financial crisis.
* Mortgage rates have never been cheaper. The average 30-year fixed rate is down to 3.94%. That's the first time in history the rate's fallen below 4%.
* The NBA's credit rating could be cut if the season is canceled because of a labor dispute with players.

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

Filed under: Minding Your Business
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