American Morning

Tune in at 6am Eastern for all the news you need to start your day.
December 13th, 2011
12:18 PM ET

Gingrich surging in Iowa polls despite calls to drop candidacy – Ron Brownstein explains

With three weeks to go before the Iowa caucuses, Newt Gingrich is the clear front-runner in the Hawkeye state. 

The former House speaker has a double-digit lead over Mitt Romney in one new poll. But not all conservatives are so thrilled with the idea of a Gingrich presidency. 

Popular conservative talk show host Michael Savage is offering Gingrich $1 million to drop out of the race. And Glenn Beck suggested that the only reason anyone would vote for Gingrich over President Obama is because of the color of his skin.

Carol Costello talks with CNN senior political analyst and National Journal Editorial Director Ron Brownstein about the conservative uproar over Gingirch.

Filed under: 2012 • GOP • Politics
December 13th, 2011
11:01 AM ET

Corzine set to testify before Senate about MF Global collapse – Sen. Stabenow on questions she wants answered

Former New Jersey Senator and Governor Jon Corzine will once again testify today before lawmakers about MF Global's collapse. As the 8th largest bankruptcy in U.S. history, the firm's collapse is having a major affect on both wall street big shots and small mid-western farmers alike. 

A number of farmers had accounts with MF Global, which is primarily a commodities derivitaves firm. Farmers used those accounts to buy and sell futures contracts to lock in prices for hogs, corn and soy beans. But now those accounts are frozen, and a lot of those farmers are having to put off buying seed, land and equipment.

Today on American Morning, Michigan Senator Debbie Stabenow tells Ali Velshi and Christine Romans what questions she's planning on asking Corzine and other top MF Global executives.

Filed under: Business
December 13th, 2011
08:18 AM ET

Former Salt Lake City mayor forms third party called Justice Party, will run for President in 2012

There's a new political party in America this morning. It's called the Justice Party. 

It was created by Rocky Anderson, the former Mayor of Salt Lake City. Fed up with both the President and the 2012 Republican field, Anderson decided to run for the White House as a third-party candidate.

Carol Costello talks with Anderson about his campaign platform and the challenges of running as a third party candidate for President in the U.S.

Filed under: 2012 • GOP • Politics
December 13th, 2011
08:09 AM ET

AM Minding Your Business for Dec. 13, 2011

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

This morning, we're watching:

* U.S. stock futures are trading higher this morning after concerns the Eurozone deal won't do enough to address Europe's real financial problems – pushed the Dow down more than 162 points. Ratings agency Moody's also announced yesterday it will review the ratings of all European Union nations.
* The Federal Reserve will no doubt be weighing the risk coming from Europe when it meets later today. Most analysts expect the Central Bank to hold off when it comes to announcing a new strategy to boost the economy. Economists are forecasting the Fed will keep interest rates close to zero percent.
* AT&T putting its T-Mobile merger on hold. The wireless carrier has agreed to postpone an anti-trust lawsuit that it needed to win in order to keep its merger alive. The Justice Department and the FCC both opposed that deal, saying it would lead to higher cell phone bills and less competition.
* General Motors is hoping to restart production at it's Chevy Cruze plant in Ohio as soon as possible. The plant shutdown yesterday afternoon because of what GM calls a "supplier issue." The Chevy Cruze is the second best selling small car in the American auto market.
* With the unemployment rate at 8.6%, American workers will apparently go to great lengths to keep their jobs. According to a survey by staffing company Randstad U.S., nearly a quarter of those questioned say they'd work longer hours, give up their bonus and accept a reduction in benefits just to keep their jobs. Though only 16% would accept a pay cut in order to stay employed.
* Several Macy's stores will be pulling all-nighters so you can finish your holiday shopping. The retailer says 14 of its stores will stay open for 83 hours straight leading up to Christmas Eve.

Tune in to American Morning at 6am Eastern every day for the latest in business news.

Filed under: Minding Your Business