American Morning
Unemployment eases to 9% – is this a sign the U.S. economy won't slip back into recession?
The American economy added 80,000 jobs in October, and the unemployment rate eased to 9%, the Labor Department reported Friday. That's a disappointing number, considering it typically takes at least 150,000 jobs added each month just to keep up with population growth. Meanwhile, the lingering Greek debt crisis continues to generate uncertainty, thereby threatening the global economy.
Christine Romans speaks with Ian Bremmer, president and founder of the Eurasia Group, and Jay Powell, visiting scholar at the Bipartisan Policy Center, to discuss the future of the economic recovery – and whether there's any chance the U.S. could slip back into a recession.
AM Minding Your Business for Nov. 4, 2011
Today on American Morning, Christine Romans reports on the morning business news headlines.
Today we're watching:
* As of this writing, U.S. futures are trading slightly lower ahead of the opening bell. The U.S. markets saw solid gains yesterday after Greece decided to scrap the vote on a critical bailout fund.
* Groupon is upping the price for its IPO. How much? 20 dollars per share, valuing the online coupon company at $13 billion.
* The FTC is settling it's two-year-old case against the makers of "Hoodia" weight loss products, costing two companies $27 million dollars.
* If you're fed up with fees, you can vent your frustration tomorrow. It's being called 'bank transfer day.' A Facebook group encouraging people to ditch the big banks. A new survey says more than 650,000 people have switched to credit unions since Bank of America announced its new debit card fee.
* Thanksgiving is just around the corner. And a trade group says it's looking like there are going to be 37,000 fewer fliers per day around the holiday this year.
Tune in to American Morning at 6am Eastern every day for the latest in business news.
Taking the politics out of sexual harassment – our panel weighs in
Republican frontrunner Herman Cain is struggling to stay on message as he continues to be dogged by sexual harassment allegations. Cain is now accusing the the Perry campaign of leaking that story to the press. But the Perry aide that he believes is behind the leak denies that he had anything to do with it.
These discussions, however, overlook the key, unanswered question: What exactly did Herman Cain do? Will we ever be able to determine if it constituted sexual harassment? And should sexual harassment ever be used in politics?
Carol Costello discusses these questions with Sally Kohn, a political commentator and strategist, and Ruben Navarette, columnist and contributor to CNN.com.
Texas judge admits beating daughter in 2004 video – but will he face criminal charges?
A family court judge in Texas is facing a police investigation after a shocking video surfaced on YouTube showing him beating his then-teenage daughter. The judge, William Adams, is seen whipping his daughter with a belt and cursing at her for disobeying him. The full video lasts more than seven minutes. It was shot on a webcam seven years ago and was posted this last week by his daughter, Hilary.
Christine Romans and Carol Costello sit down with CNN legal contributor Paul Callan to discuss if this action was illegal – and what might potentially happen to the judge.
Part two: Perry adviser has 'nothing to hide' regarding Cain scandal allegations
GOP frontrunner Herman Cain continues to try to navigate the political backlash following new allegations of sexual harassment. Cain's campaign claims the charges are baseless. Moreover, they accuse one of Rick Perry's key campaign aides of leaking the story to the press in an effort to sink Cain's candidacy.
CNN chief political analyst Gloria Borger speaks with that aide, Curt Anderson, in the first TV interview since the allegations were leveled. You can watch part two of the interview here.
Part one: Perry adviser responds to allegations he leaked sexual harassment story against Cain
GOP frontrunner Herman Cain continues to try to navigate the political backlash following new allegations of sexual harassment. Cain's campaign claims the charges are baseless. Moreover, they accuse one of Rick Perry's key campaign aides of leaking the story to the press in an effort to sink Cain's candidacy.
CNN chief political analyst Gloria Borger speaks with that aide, Curt Anderson, in the first TV interview since the allegations were leveled. See part one of the interview here.
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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