American Morning

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October 13th, 2011
07:59 AM ET

AM Minding Your Business for Oct. 13, 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 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.

Filed under: Minding Your Business
October 13th, 2011
03:59 AM ET

Talk Back: What should the U.S. do about Iran?

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From CNN's Carol Costello:

An alleged Iranian agent has been charged in an assassination plot on U.S. soil. This is just the latest twist in a difficult and contentious relaionship...or non-realtionship between Iran and the U.S.

The U.S. hasn't "talked" to Iran officially since the 1979 hostage crisis. Since then, Iran's been part of the "Axis of evil", a nuclear wanna-be.

In 2009, Newly elected President Obama was pitching an "engagement" with Iran. But that was before Tehran's brutal crackdown on election protesters, the imprisonment of three American hikers, and the Iranian President's America bashing speeches. So an engagement anytime soon? Doubtful.

It's debatable whether sanctions on Iran, North Korea, or Iraq really changes their behavior, so could this go beyond sanctions?

Talk Back: What should the U.S. do about Iran?

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


Filed under: AM Talk Back
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