ROMANS: Twenty-eight minutes after the hour. "Minding Your Business" this morning. Germany's parliament just passed a measure to overhaul a European bailout fund. This vote helps pave the way to create a bigger bailout fund that stabilized Greece and other troubled countries and to help European banks. That vote setting the stage for a positive day here on Wall Street. Right now, U.S. stock futures are trading higher. Just a few minutes, we're going to get the final revision of GDP for the second quarter. This is how fast the economy is growing or how slowly the economy grew in April, May, and June. Economists expect a very slight increase from the previous reading of a one percent rise in economic activity. Also released in a few minute, a latest read on the number of people filing first-time jobless benefit claims. Speaking of jobs, the world's largest cell phone maker, Nokia, announcing plans to cut 3,500 jobs in an attempt to streamline its business. A majority of those cuts will take place overseas, but some of the company's workers in Pennsylvania could be affected. "Forbes" is out with its list of the "Most Powerful Women in Business." At number one, Irene Rosenfeld, the chairman and CEO of Kraft Foods, Indra Nooyi is the CEO and chairman of Pepsi, that's second. Rounding up the top three, Patricia Woertz, chairman, CEO, and president of Archer Daniels Midland. That's one of the world's largest food processors. All of them, I guess. That's to deal with the high-fructose corn syrup and the stuff you eat and drink, right? Don't forget, for the very latest news about your money, check out CNNMoney.com. AMERICAN MORNING back right after the break.
Germany Votes On European Bailout; Nokia To Cut 3,500 Jobs