American Morning

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November 3rd, 2011
06:57 AM ET

AM Minding Your Business for Nov. 3, 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 sharply lower ahead of the opening bell. And world markets are down too this morning - all because of Greece, which is topping the agenda at the G20 summit that kicks off today in Cannes, France.
* In the U.S., we'll get a fresh read on the employment situation in this country later this morning. The initial jobless claims report is expected to show that 401,000 unemployment claims were filed for the first time last week. Any time this number comes in above that 400,000, it's not a good sign for the labor market.
* More bank fees. TD Bank showing no signs of fear about a customer rebellion. It's rolling out a brand new $9 fee on savings account transactions. But it only kicks in after six transactions are made during a billing cycle. The bank also plans to hike four other fees that are already in place.
* A big time place for bargains – going broke. All Syms and Filene's Basement department stores will be closed by the end of January.
* A group of lawmakers has a plan on the table to save the cash-strapped U.S. Postal Service. It would cut Saturday service within two years and close a number of post offices, while offering buyouts to 100-thousand employees.

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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