American Morning

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October 26th, 2011
07:59 AM ET

AM Minding Your Business for Oct. 26, 2011

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

Today we're watching:

* As of this writing, U.S. stock futures are trading higher. But markets took a hit yesterday, with the Dow dropping 1.7 percent as fears about Europe's debt kicked up towards the end of trading.
* Today, all 27 leaders of the European Union will meet in Brussels to come up with a grand debt plan. Details of the plan are expected to be announced this afternoon
* Former Goldman Sachs director Raja Gupta is expected to turn himself into the FBI this morning. Sources tell CNN he'll face federal charges related to the insider trading trial of hedge fund founder Raj Rajaratnam.
* Amazon shares are taking a beating after it announced third quarter earnings missed estimates.
* What's the 'it' gift this year for Christmas? A tablet computer, a new study shows.
* Apple's next big product may be a television that can do everything.

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

Filed under: Minding Your Business
October 26th, 2011
05:30 AM ET

Talk Back: Can rich politicians relate to ordinary Americans?

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From CNN's Carol Costello:

According to a CNN/ORC poll, the majority of Americans think Wall Street bankers are dishonest, greedy and overpaid. Rick Perry capitalized on this sentiment yesterday on CNBC when he called Mitt Romney a "fat cat," a term that is toxic these days.

Although Romney is not a banker, with an estimated net worth of up to 250 million dollars, he's as rich as one. However, just because he's rich, doesn't mean he's heartless. Romney says his business savvy can create what working Americans need the most.

At a town hall meeting in Iowa, Romney told supporters, "For me, one of the key criteria in looking at tax policy is to make sure that we help the people that need the help most, and in our country, the people who need the help most are not the poor, who have a safety net, not the rich, who are doing just fine, but the middle class."

Talk Back: Can rich politicians relate to ordinary Americans?

Let us know what you think. Your answer may be read on this morning's broadcast.

Filed under: AM Talk Back
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