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

Today we're watching:

* Right now, U.S. stock futures are trading sharply higher ahead of the opening bell. European markets are up too after some stronger than expected manufacturing data.
* Pepsi just reported it missed third quarter earnings expectations, but revenues were up for the quarter.
* We've been hearing rumors for weeks and now someone is saying it. The New York State comp-troller's office predicts that Wall Street will cut 10,000 jobs by the end of next year.
* Hundreds of "Occupy Wall Street" protestors are taking their case right to the doorsteps of prominent Manhattan millionaires. One group visited Rupert Murdoch's Fifth Avenue residence and the Park Avenue homes of oil tycoon David Koch, Emigrant Bank Chairman Howard Milstein, hedge fund manager John Paulson and JP Morgan Chase CEO Jamie Dimon.
* If you've always had that nagging feeling that groceries are more expensive at the drug-store, you could not be more right.
A new study shows that the average drug-store charges a full 50% more than the least expensive supermarket for groceries.
* The Japanese government is trying to boost tourism, which has lagged since the tsunami, by offering 10,000 free flights to the country. You can get one of those if you post about your experiences on your trip, on social media sites like Facebook or a personal blog.

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:

* Markets are on track to open lower this morning, despite the Dow jumping 3% yesterday.
* A new warning this morning that the financial problems in Europe could spread to even more countries.
* We could learn more about America's exposure to the banking crisis in Europe. Today, Treasury Secretary Timothy Geithner will speak following a meeting with the Financial Stability Oversight Council.
* Corporate earnings season kicks off today. After the closing bell, Alcoa – one of the largest aluminum producers in america – releases its third quarter earnings.
* Finally, Facebook has released its iPad app. The app, which has been in the works since last October, is rumored to have been delayed because of a rift between Facebook and Apple.

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

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

Today we're watching:

* Today, it's all about the big September jobs report. It's released at 8:30am. Economists expect it to show that we added 65,000 jobs. The unemployment rate is also expected to stay at 9.1%.
* Can the markets make it four straight days of gains? Right now U.S. stock futures are down after overseas markets turned lower and European leaders continue to try and solve that region's debt crisis.
* A dozen European banks are taking a hit this morning after the credit ratings agency Moody's cut their rating. Moody's believes the U.K. government may not support some of its banks if they need a bailout.
* Banks, investment firms and lobbyists are pouring over details of a leaked government proposal designed to limit the kinds of risky trading that played a part in the financial crisis.
* Mortgage rates have never been cheaper. The average 30-year fixed rate is down to 3.94%. That's the first time in history the rate's fallen below 4%.
* The NBA's credit rating could be cut if the season is canceled because of a labor dispute with players.

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

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

Today we're watching:

* Apple shares just started trading electronically on the Nasdaq, opening lower by just a few dollars after the news broke of Steve Jobs' death.
* U.S. stock futures are up on word of Europe is moving in the right direction to solve its debt crisis.
* waiting this morning for the latest read on the number of Americans filing first-time jobless claims.
* Bank of America is defending its new $5 fee for using a debit card.
* Homeowners facing foreclosure now spend an average of one year and nine months in their home before it's repossessed by the bank.
* The group of online hackers known as Anonymous announced plans to try to hack into the New York Stock Exchange Monday.

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

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

Today we're watching:

* Right now, U.S. stock futures are trading higher ahead of the opening bell. A nearly 400-point swing on Wall Street helped bring the S&P back from the brink of entering a bear market yesterday.
* A global recession "can't be ruled out" next year. That is the new warning from the International Monetary Fund. The group is also urging Europe this morning to boost stimulus spending.
* Also new this morning - more evidence Europe's financial crisis is widening. Dexia, one of the biggest banks in Europe, is on the verge of a being dismantled. And that means higher borrowing costs for a lot of U.S. cities, who received cheap financing by the bank.
* Many weren't impressed by the new iPhone 4s. Apple's stock closed down slightly after the company didn't reveal a more radically redesigned iPhone 5.

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

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

Today we're watching:

* U.S. stock futures are down this morning after another sell off overseas on worries that Europe's debt crisis is deepening.
* Despite the ongoing debt crisis in Europe, a majority of economists tell CNNMoney that the Euro will survive as a currency.
* Federal Reserve Chairman Ben Bernanke will most likely be defending the central bank's latest short-term stimulus to boost the economy when he testifies before Congress this morning. Bernanke will also offer up his outlook for the economy.
* A government watchdog reporting that Fannie Mae reportedly knew about allegations of improper foreclosure practices as early as 2003. Fannie mae has not returned cnn's calls for comment.
* Today Apple pulls back the curtain and is expected to reveal its latest iPhone. And among the rumored bells and whistles: A bigger screen, a faster processor, a better camera and a fancy voice-control system.
* The minimum wage rates in eight states are set to increase in the next year. Colorado, Montana, Ohio, Washington and Oregon all announced their increases already. The bumps range from 28 to 37 cents. Arizona, Florida and Vermont will announce new rates in the next few weeks

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