Today on American Morning, Christine Romans reports on the morning business news headlines.
This morning, we're watching:
*European Markets are up overnight after Italy's new prime minister Mario Monti unveiled new austerity measures. Italian borrowing costs are falling this morning – a sign of confidence from investors that the country is moving in the right direction to balance its budget.
*Brent crude prices are above $110 dollars a barrel this morning. Brent crude is the type of oil that most use in Europe. It would take a big hit if the region decides to slap Iran with oil sanctions because of the country's nuclear aspirations.
*Gas prices are down nine cents in the past two weeks, despite an increase in crude oil prices. The weekly Lundberg Survey says the drop is because of lower demand due to hard economic conditions. The average price for regular gas is currently $3.29 per gallon.
*The latest Twilight movie -Breaking Dawn, Part I – had another big weekend at the box office. After topping sales for the third weekend in a row, the vampire movie has now brought in more than $247 million dollars so far in the U.S.
Tune in to American Morning at 6am Eastern every day for the latest in business news.