AM Minding Your Business for Oct. 12, 2011

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

Today we're watching:

* Right now, U.S. stock futures are trading sharply higher ahead of the opening bell. European markets are up too after some stronger than expected manufacturing data.
* Pepsi just reported it missed third quarter earnings expectations, but revenues were up for the quarter.
* We've been hearing rumors for weeks and now someone is saying it. The New York State comp-troller's office predicts that Wall Street will cut 10,000 jobs by the end of next year.
* Hundreds of "Occupy Wall Street" protestors are taking their case right to the doorsteps of prominent Manhattan millionaires. One group visited Rupert Murdoch's Fifth Avenue residence and the Park Avenue homes of oil tycoon David Koch, Emigrant Bank Chairman Howard Milstein, hedge fund manager John Paulson and JP Morgan Chase CEO Jamie Dimon.
* If you've always had that nagging feeling that groceries are more expensive at the drug-store, you could not be more right.
A new study shows that the average drug-store charges a full 50% more than the least expensive supermarket for groceries.
* The Japanese government is trying to boost tourism, which has lagged since the tsunami, by offering 10,000 free flights to the country. You can get one of those if you post about your experiences on your trip, on social media sites like Facebook or a personal blog.

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