American Morning
AM Minding Your Business for Oct. 19, 2011
Today on American Morning, Christine Romans reports on the morning business news headlines.
Today we're watching:
* The Dow, NASDAQ and S&P 500 all rose late in the day yesterday after reports that France and Germany might expand the size of its Eurozone bailout fund.
* Apple missed analyst expectations for the first time since at least 2004. The tech giant made $6.6 billion dollars in the third quarter, saying that the slowdown is a result of people waiting for the new iPhone.
* Social security recipients are expected to see a 3.5% increase next year when the cost of living boost kicks in. However, many may not notice the increase because of a hike in Medicare premiums.
Tune in to American Morning at 6am Eastern every day for the latest in business news.
Talk Back: Why is Herman Cain surging in the polls?
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From CNN's Carol Costello:
Imagine a 2012 presidential race that pits Barack Obama against Herman Cain, hey, anything is possible. Many political talking heads pooh-pooh the polls. They claim Cain is just "flavor of the week."
Larry Sabato of the University of Virginia calls Cain a "place holder" for voters unhappy with the rest of the GOP field.
But something about Cain resonates with people. He's a self-made man who makes no excuses for high black unemployment.
"I don't think racism in this country holds anybody back in a big way," Cain said.
He's also a personable guy saying things like, "I would bring a sense of humor to the White House, because America's too uptight."
Cain also has, what sounds like, a simple solution to our economic woes. It's his signature "9-9-9" plan. It would throw out the current tax code, and replace it with a 9 percent income flat tax, a 9 percent sales tax, and a 9 percent business flat tax.
Many economists say the 9-9-9 plan would hurt poor people and retailers. Regardless, 9-9-9 is catchy – as is Herman Cain.
Talk Back: Why is Herman Cain surging in the polls?
Let us know what you think. Your answer may be read on our program.
Apple and Amazon to make big announcements on new products – Mario Armstrong on what to expect
Apple and Amazon both expected to make big announcements within the coming weeks.
On Wednesday morning, Amazon is expected to announce its building its own Android-based tablet, which has been an open secret for months. Many say it will give the Apple iPad a run for its money. But Amazon has a strong fan base with its Kindle, and it could become a top competitor in the industry. Tech experts anticipate it's likely to be available for purchase soon.
In addition, Apple confirmed on Tuesday that it will hold a press event on Oct. 4 at its Cupertino, Calif., headquarters. Expected to be the star attraction: The long-awaited iPhone 5. With rumors of a bigger camera, longer battery life, faster processor, maybe even a larger screen, all questions will be answered next week.
Mario Armstrong, host of Siriux XM's "Mario Armstrong's Digital Spin, talks to American Morning about the upcoming announcements and what to expect from these new gadgets.
After walking almost 1,000 miles, Constantino Diaz Duran offers an update on his journey across America
Constantino Diaz-Duran is nearly three months into his walk across America, during which he hopes to find out what it means to be an American.
Throughout the duration of the trip, Duran has only had to use his tent once because people have continued opening their doors to him.
After walking almost 1,000 miles since leaving New York and starting on his trip on the fourth of July, Duran joins American Morning today to offer an update on the latest leg in his journey.
Could Perry's past record come back to haunt him?
Time Magazine's cover article profiles Texas Governor Rick Perry, including an exclusive interview with the Republican Presidential Candidate.
Time's David Von Drehle is the author of the cover article and talks to American Morning about the GOP's latest contender from Texas. Diehle discusses Perry's standing in the GOP race, and parts of the Texas governor's past record that could come back to haunt him.
Incredible rescue from burning motorcycle
Bystanders saved a man who was trapped under a car after a fiery collision with a motorcycle. The rescuers lifted the car off of the man and pulled him out to safety.
The heroes talk to American Morning about how they put themselves in danger to help save the life of another.
About this Show
Welcome to the American Morning blog where you can get daily news updates from American Morning's reporters and producers. Join us for "the most news in the morning," weekdays from 6-9 a.m. ET, only on CNN.
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