American Morning
AM Minding Your Business for Nov. 15, 2011
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.
RecordSetter website proves that 'everybody can be the best at something'
Ever wonder what the world's record is for the longest headspin? How about the fastest solo viewing of every episode of "Lost?" If you have, check out the "RecordSetter Book of World Records" – a collection of some of the strangest records ever broken. Indeed, the book proves the maxim that everybody can truly be the best at something.
Today on American Morning, Corey Henderson and Dan Rollman join us to discuss their website and to challenge our very own Alina Cho to break the record for most network sign-offs in 30 seconds.
Evelyn Lauder, who created breast cancer's pink ribbon, dies at 75
Evelyn Lauder, a member of the Estee Lauder cosmetic company who helped create the iconic pink ribbon, died Saturday in New York City at the age of seventy five. Lauder developed a global campaign for breast cancer awareness and raised millions of dollars put towards medical research.
Alina Cho speaks with John Demsey, group president of Estee Lauder, to discuss the major impact that Evelyn Lauder had on the fight against breast cancer.
Black entrepreneurs struggle to break into Silicon Valley
People around the world dream of striking it rich in Silicon Valley, but the odds of making it in the nation's tech capital are long – and even longer if you're black. Only one percent of tech entrepreneurs who got venture capital last year were black. It's an issue that CNN's Soledad O'brien explores in her new "Black in America" documentary.
Today on American Morning, Christine Romans and Alina Cho speak with Hank Williams, the founder of Kloud-Co, to discuss why there are so few black entrepreneurs working in Silicon Valley.
Political panel: GOP presidential race down to the wire
The GOP presidential race is down to the wire, with just seven weeks to go until the the crucial Iowa caucasus. The candidates squared off once again on Saturday in South Carolina, in a debate that focused on foreign policy – an issue that has largely taken a backseat in a presidential race shaped by the troubled economy.
Christine Romans speaks with Neera Tanden, president of the center for American Progress, and GOP strategist Ed Rollins about the state of the GOP field – and whether anybody can overtake Mitt Romney.
Rep. Rush explains why he thinks you can 'compare the NCAA...to the Mafia'
The Penn State sex abuse scandal has brought increased scrutiny to the culture of big-time college football. Critics claim that the sports governing body, the NCAA, is exploiting students in the pursuit of substantial profits. These profits, critics say, are generated on the backs of unpaid college athletes that have few legal rights.
Today on American Morning, Rep. Bobby Rush explains to Alina Cho why he thinks you can "compare the NCAA...to the Mafia."
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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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