VELSHI: Twenty-one minutes after the hour. "Minding Your Business" this morning. The woman who is replacing Dominique Strauss- Kahn at the International Monetary Fund beginning her first day today. Former French finance minister, Christine Lagarde, is the first woman to run the IMF. She'll serve a five-year term. Economist survey by CNNMoney.com say default by European country like Greece ranks as the scariest risk to the U.S. economy. A close second is another oil price shock like the one following turmoil in Northern Africa and the Middle East. More bank branches are closing than opening for the first time in 15 years. That's according to a report in "The Boston Globe" this morning. Banks are looking to trim costs to offset new limits on credit and debit card fees. Almost 1,500 bank locations shut down in the past two years across the United States. A check in on the markets. Stock futures up slightly ahead of the opening bell. Investors waiting for a new report on factory orders for May to get a fresh look at the U.S. economy. Those figures come out at 10:00 a.m. eastern. Just in time for BLT season, in case you didn't know there was one, bacon prices expected to sizzle this summer. A tight hog population and high feed costs are pushing bacon and other pork product prices higher. Hot temperatures are also hurting supplies. That's increasing prices, too. Up next the key to space travel's future and Republican presidential contender, Rick Santorum, joins us live. AMERICAN MORNING back after the break.
Lagarde's First Day As IMF Chief; Economists Rank Greece As Scariest Risk; Bank Branch Closures Nation Wide