Today on American Morning, Christine Romans reports on the morning business news headlines.
Today we're watching:
* Right now U.S. stock futures are down. The Dow turned positive for the year at one point during trading yesterday. But the rally lost steam right before the close.
* This morning, we'll find out how many unemployment claims were filed for the first time last week.
* Banking giant JP Morgan Chase just released its third quarter earnings report – and it topped estimates. Search giant Google releases its earnings report after the bell this afternoon.
* The billionaire convicted in the biggest insider trading case involving hedge funds in the U.S. is expected to be sentenced today in Manhattan. Raj Rajaratnam was found guilty of conspiracy and securities fraud back in May. He could spend as many as 25 years in prison.
* If you own a Sony TV we have some important news for you. The company is recalling 1.6 million Bravia LCD tvs that have a faulty component that may cause them to melt or catch fire.
* As the temperature heads south, your heating bill is about to go up! According to the Energy Department, homes that heat with oil can expect prices to rise nearly $200 over last year. The biggest reason for the increase: The rising price of crude oil.
Tune in to American Morning at 6am Eastern every day for the latest in business news.