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

This morning, we're watching:

* Shoppers, start your search engines! It's Cyber Monday. According to the National Retail Federation, 123 million bargain hunters are expected to log on and look for deals. Today's shopping event is projected to bring in a record $1.2 billion.
* Today's bargains follow a record-breaking Black Friday and holiday weekend. Retailers took in a total $52.4 billion dollars from Thursday through Sunday. That's up from $45 billion from last year.
* While retailers have reason to be optimistic this holiday season, investors are bracing for more uncertainty. Today, the markets will be watching the European Union/U.S. summit in Washington where leaders are expected to discuss ways to stop the credit crisis in Greece and Italy from spreading to more countries in the region.
* Right now, world markets and U.S. stock futures are up. There's some optimism this morning that Europe is moving forward to fix its debt problems. This after a report in an Italian newspaper said Italy and the IMF are in talks for a bailout.
* This week we'll also get key readings on the housing market and manufacturing. Attention then turns to the all-important November jobs report, which comes out this Friday.
* "The Twilight Saga: Breaking Dawn – Part 1" raked in $42 million over the weekend. Debuting at no. 2 was Disney's family flick "The Muppets," with sales of $29.5 million.

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

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 at the moment, after another shaky session on Wall Street. Concerns about Europe's debt problems still pushing markets lower worldwide into today.
* We're keeping an eye on Spanish bond yields. They were up to that critical 7% level yesterday – that's the level at which other countries had to seek international bailouts. But the Spanish government insists Spain will not need a bailout from the EU.
* American retail icon GAP is still struggling. Profits dropped 36% in the third quarter and sales were down 6%. Banana Republic and Old Navy also owned by the gap.
* Black Friday is one week from today, and the National Retail Federation estimates that 152 million people will be hitting those sales this year. That's up 10% from a year ago.
* The Honda Civic natural gas model is taking home the Green Car Journal's "Green Car of the Year" award at the l-A Auto Show this week. This is the fifth generation of this model, and it's been praised for its great fuel efficiency and roomier design.

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

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

This morning, we're watching:

* Right now, U.S. stock futures are pretty much flat after fear got the best of the markets yesterday. The reason? Concerns about Europe and the so-called super committee which has just six days now to cut a *minimum* of $1.2 trillion from America's deficit.
* U.S. bank stocks were hit especially hard yesterday. Bank of America was down nearly 4%. Morgan Stanley dropped 8% after the ratings agency Fitch warned Europe's debt crisis could pose a serious risk to American banks.
* The price of oil is above $100 a barrel for the first time since July. Though one market analyst telling CNN Money - we may not see prices at the pump skyrocket because of a slowing demand in Europe.
* Big cuts at the big banks. Citigroup is reportedly planning to eliminate about 3,000 jobs by next year. It's part of an effort to control expenses. Meantime, French bank BNP Paribas is said to be drawing up plans to lay-off nearly 1400 employees.
* Detroit's mayor is laying out his plan to fix a city in crisis. Speaking last night - Mayor Dave Bing warned the city could run out of cash by April.
* At 8:30AM ET, we'll get a new report on the number of unemployment claims filed for the first time last week. Economists expect the number of jobless claims to still hover at that key 400,000 level, but we really want it to come down further to show growing strength in the labor market.

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

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

This morning, we're watching:

* Right now, U.S. stock futures are pointing to a lower open this morning - after what eventually turned out to be a positive day on the street yesterday.
* Farmland remains a good investment. Prices jumped 25% in the third quarter. That's the biggest one-year jump in more than three decades.
* We could be talking about another bailout, only this one's not for Wall Street. An independent audit shows the Federal Housing Administration could run out of money in the coming year because its cash reserves have fallen so low.
* The U.S. Postal Service is reporting an annual loss of $5.1 billion. It may be no surprise in today's digital age - declining mail volume is one reason for the losses.
* Chase is scrapping three bank fees it had been testing in various parts of the country. Among the charges being pulled: A $10 and $15 monthly checking account fee.
* Shares in the professional social networking company LinkedIn are about to flood the market. Bain Capital, one of the company's early backers, is selling its entire $3.7 million share stake in the company.

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

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

This morning, we're watching:

* Right now, U.S. stock futures are trading lower. Yesterday the Dow, Nasdaq and S&P 500 were all off by less than 1%.
* This morning, October retail sales report will be released and we'll find out if consumers are out there spending as we approach the critical holiday shopping season.
* Oil prices are on the rise – up 20% since the start of October. The recent rally fueled by falling supplies, a weaker dollar and the ongoing tension in the Middle East.
* Warren Buffett is betting on Big Blue. The billionaire investor's Berkshire Hathaway disclosing it purchased over $10.7 billion in IBM stock. Buffett also invested in Visa, CVS and Intel.
* Citigroup and Deutsche Bank will pay a combined $165 million to settle claims the banks misled five credit unions about the risks tied to those bad mortgage backed securities.
* For the first time, the government is fining an airline for lengthy delays. American Eagle has been ordered to pay $900,000 for leaving passengers on 15 flights stranded on the tarmac for more than three hours.

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

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.