American Morning
One family's journey from Iowa to ancestral village in Crotia
We've all thought about running away sometime, leaving behind the stresses of our current life. After losing half their life savings in the financial crisis, Jennifer Wilson and her husband, Jim Hoff, did just that. They took their two kids and left their life in Des Moines, Iowa for a remote village in Croatia that was Wilson's family's ancestral homeland.
Today on American Morning, Christine Romans sits down with Wilson and Hoff to discuss their family's journey of discovery.
Herman Cain on the black community
Herman Cain will appear in a half-hour news documentary tomorrow night on BET. The special charts the Georgia businessman's rise and demise in the 2012 GOP presidential campaign. Cain also gives his thoughts on the black community and addresses what he calls "scams perpetrated on blacks" by liberal black leaders.
Today on American Morning, BET correspondent Emmett Miller Miller previews the Cain documentary with Carol Costello.
AM Mind Your Business for December 7, 2011
Today on American Morning, Christine Romans reports on the morning business news headlines.
This morning, we're watching:
*Treasury Secretary Tim Geithner's three day European whirlwind takes him to Paris this morning. Geithner is meeting some more of his European counterparts. Geithner says he's confident that EU leaders will be successful in negotiations to tackle the debt crisis in the region.
*Banking giant Citigroup is planning to lay off 4,500 employees over the next few months. CEO Vikram Pandit says the cuts are needed to cut costs with this weak economy. Citi will also take a $400 million charge in the fourth quarter to cover the severance and other costs related to the downsizing.
*A new credit report is digging deeper into your financial history. A company called Corelogic has introduced a new credit file based on its massive database of information that includes whether you've paid your rent or utility and cell phone bills on time. This is information that's not currently considered by credit bureaus. Bottom line for you – if you make payments on time, every time, your credit score will work for you and not against you.
*For a second year in a row, consumer reports says AT&T is america's worst mobile carrier. Oregon-based consumer cellular got the highest marks. AT&T says its "committed to getting better and better."
Tune in to American Morning at 6am Eastern every day for the latest in business news.
Study: kids' cereals loaded with sugar
A new study says that children's cereals are loaded with sugar. The study found that some popular cereals even have more sugar than chocolate chip cookies or Twinkies! These cereals are now being blamed for contributing to the childhood obesity epidemic.
CNN senior medical correspondent Elizabeth Cohen tells Carol Costello and Christine Romans which cereals parents should avoid and presents some healthier breakfast options for kids.
Senators pitch bipartisan payroll tax plan
President Obama continues to press congress to extend the popular payroll tax cut. So far, Republicans and Democrats have been unable to agree on how to pay for the tax break. Now two senators are offering a compromise to extend the savings to millions of Americans. The plan would still include a so-called "millionaires tax" to pay for it, but small businesses would be given an exemption.
Today on American Morning, Christine Romans talks with Senators Susan Collins and Claire McCaskill to get the details of their bi-partisan plan.
Gallup poll: former speaker leading Romney by 15 points
Newt Gingrich holds a 15 point advantage over Mitt Romney in the race for the GOP presidential nomination, according to a new national survey of registered Republicans. Thirty-seven percent questioned in Gallup's inaugural daily tracking poll this cycle say they are likely to support the former House speaker for the GOP nomination, with 22% backing the former Massachusetts governor. Gingrich's numbers have surged dramatically from Gallup's last poll in mid-November, in which the former House Speaker was only leading Romney by a single percentage point.
Carol Costello speaks with CNN senior political analyst Ron Brownstein and Erick Ericson, editor-in-chief of Redstate.com, to discuss what Gingrich needs to keep the pressure on Romney.
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