American Morning
The race is on to save Europe – Ken Rogoff explains the global consequences if debt problems aren't fixed
This morning, world banks are now taking steps to support the global financial system as leaders work to come up with a big and bold plan to fix Europe's growing debt problems.
The whole world needs European leaders to get this right, because if the Eurozone fails, there could be dire global consequences.
According to some analysts, if the Eurozone fails: bank lending around the world could freeze; companies won't be able to borrow, pay bills, or hire; stock markets could crash; U.S. exports could collapse.
Many of those analysts also say this could be much worse than the financial crisis in 2008.
Today on American Morning, Harvard University economics professor Kenneth Rogoff explains what has to happen to fix Europe's debt problems, and whether a global economic crisis can be avoided.
AM Minding Your Business for Nov. 30, 2011
Today on American Morning, Christine Romans reports on the morning business news headlines.
This morning, we're watching:
* The top 6 largest banks in America - JP Morgan Chase, Bank of America, Citigroup, Goldman Sachs, Morgan Stanley, and Wells Fargo - were all downgraded by ratings agency Standard and Poor's late last night. S&P says the new ratings are based on a new evaluation of the banks' strengths and weaknesses.
* Right now, U.S. stock futures are surging. We're just reporting now that world banks are now taking steps to support the global financial system. More news throughout the day.
* The Federal Reserve officials are warning the global economy is still facing critical challenges like Europe's debt crisis and America's housing market.
* The Federal Communications Commission is slamming AT&T, saying it presented flawed information about its proposed merger with T-Mobile.
* Facebook is settling with the feds over allegations it failed to protect members' private information. The social network has agreed to go through a privacy audit every two years for the next 20 years.
* You could soon own a piece of the Empire State Building. The folks that own the New York City landmark have reportedly filed papers to create a publicly traded company that would allow people to invest in the world famous skyscraper and other new york properties.
Tune in to American Morning at 6am Eastern every day for the latest in business news.
Newark Mayor Cory Booker and Dr. Bill Frist team up to fight childhood obesity
With one in three American children obese or overweight, doctors are declaring childhood obesity a national health epidemic. The problem has gotten so severe that for the first time in our country's history, children will live shorter lives than their parents did.
Today on American Morning, Carol Costello talks with New Jersey Mayor Cory Booker and former Senate Majority Leader Dr. Bill Frist to discuss how they're teaming up to fight this urgent problem. If we don't do something to curb the childhood obesity epidemic, "we could face the greatest health challenge in a generation," Booker says.
Sandusky hires private investigator, Fine's wife to make statement today – Paul Callan on legal challenges in each case
Jerry Sandusky, the former Penn State assistant football coach accused of sexual abuse, is working with a private investigator in his quest to prove his innocence, his lawyer said Monday. Attorney Joe Amendola said his client, who is free on $100,000 bail, is conducting his own investigation. Sandusky is charged with 40 counts related to the alleged sexual abuse of eight young boys.
At the same time, the wife of former Syracuse basketball coach Bernie Fine plans to make a statement today regarding the validity of a taped conversation she reportedly had with one of her husband's accusers. The taped conversation suggests she knew about Fine's alleged abuse.
Christine Romans and Carol Costello sit down with CNN legal contributor Paul Callan to discuss the legal challenges in each case.
Egyptians vote, but concerns remain over democracy progress – Rep. Dreier on monitoring the election
For the second straight day, Egyptians are headed to the polls Tuesday to vote in the country's parliamentary elections. These are the first parliamentary elections held since Hosni Mubarak's 30-year rule was brought to an end in February.
So far the turnout has been huge. But some Egyptians remained skeptical of whether these elections would actually lead to civilian control of the country.
Today on American Morning, Christine Romans speaks with Republican Congressman David Dreier, who's in Egypt to monitor the election process. As Dreier tells Romans, "this is not a perfect election...but things have gone much better than people have feared."
Study: Soccer head butts can cause brain damage
Heading a ball can be a fun and effective way to score goals in soccer games. But a new study suggests that repeatedly head butting soccer balls can lead to brain damage - even the kind of damage seen in football concussions.
CNN chief medical correspondent Dr. Sanjay Gupta talks with Carol Costello and Christine Romans about how soccer players can reduce their risk of head injuries.
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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