VELSHI: Twenty-six minutes after the hour. "Minding Your Business" this morning. U.S. markets are down for the third -- or were down yesterday for the third straight day, and since the beginning of the year, the Dow is down nearly four percent. The NASDAQ down about seven percent. The S&P; 500, which probably looks like some of the things you've got in your 401(k) or your IRA down nearly 7.5 percent, so far, this year. Right now, U.S. stock futures for the Dow, NASDAQ, and S&P; 500 are all trading higher ahead of the opening bell. Lots of volatility in the markets, though, as we've been seeing for the past few weeks. Italy is at the center stage today in the European debt crisis. Its parliament will vote on a new budget this afternoon. Thousands of workers hit the streets yesterday in protest of the new austerity measures that are part of the budget proposal. Yahoo! CEO, Carol Bartz, is out. She announced in an e-mail to employees last night that was fired over the phone by the chairman of the board. CFO, Tim Morse, will take over. Yahoo! has been struggling under Bartz. The company stocks spiked seven percent in the after hours trading on news of her departure. The oil industry getting into the jobs debate. Today, industry leaders making a pitch for more drilling, saying it could add 1.4 million new jobs to the economy and increase domestic energy production by almost 50 percent. This is something big oil has lobbied for before. It's likely to face staunch opposition from environmentalists and lawmakers. AMERICAN MORNING is back right after this break.
Yahoo CEO Carol Bartz Out