Today on American Morning, Christine Romans reports on the morning business news headlines.
Today we're watching:
* Stocks closed higher yesterday, but stock futures today are trading much lower this morning. Dow futures are down more than 200 points as of this writing. Why? Because of the instability in Europe, where markets are down too.
* There's particular focus on Italy this morning, where bond yields reached 7% this morning – that's the level at which other countries had to seek international bailouts. Investors are seeing a danger zone there.
* In the U.S., more help wanted for a change. Employers posted more jobs in September than at any other time in the past three years. According to the U.S. Labor Department, there were 3-point 4 million job openings.
* We now know 40,000 people shifted their accounts from the big banks to credit unions this past weekend as part of bank transfer day. That's according to the Credit Union National Association.
* The billionaire convicted in the biggest insider trading case involving hedge funds in the U.S. has been fined nearly $93 million by the Securities and Exchange Commission.
* Apple's app store may not be as safe as you think. A notable computer security researcher says he was able to get an app past Apple's screening process and load a program that allowed hackers to gain control of your iPhone. Apple has not responded to the security flaw.
* Get ready to pay more for that pecan pie. Prices for the nut are set to jump 22% because of growing demand in China and a drought that damaged much of the crop in the American south.
Tune in to American Morning at 6am Eastern every day for the latest in business news.