American Morning

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November 7th, 2011
07:54 AM ET

AM Minding Your Business for Nov. 7, 2011

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

Today we're watching:

* The cue today, again, comes from Europe. Right now U.S. stock futures are trading slightly lower. Overseas, markets in Europe and Asia are also down.
* The sell-off coming as the Greek Prime Minister announces he'll step down if it means getting Europe's international bailout approved.
* Investor focus is also shifting to Italy and whether it will be a domino to fall in Europe's crisis, where the political future of Prime Minister Silvio Berlusconi hangs in the balance ahead of a key parliamentary vote.
* It's estimated thousands of Americans pulled their money from the nation's biggest banks over the weekend as part of "bank transfer day." The grass-roots movement really caught fire after Bank of America announced its new debit card fee – a fee they eventually scrapped under pressure from customers.
* There's no need to wait until Black Friday if you're in the market for a new television. Retailers have already started slashing the prices for big screen tvs by as much as 40%.
* The wealth gap between young and old is wider than ever. According to new Census data, households headed by a person 65 years or older have a net worth 47 times greater than a household headed by someone who's 35 years old or younger. That's because younger Americans are taking on more debt in order to go back to school.

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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