VELSHI: Welcome back. Twenty-seven minutes after the hour. "Minding Your Business" this morning. This week, it's all about Europe and jobs here in the United States. European markets are down this morning after the Greek government announced over the weekend that it will miss its deficit targets. The news is raising concerns that the next EU bailout of Greece may be in jeopardy, and that the country will have to default on its debt. Two more warnings about the growth of the global economy also weighing heavily on markets this morning. An IMF official announced today that a further slowdown in the U.S. economy is hurting global growth as a whole. Also, the ratings agency, Fish (ph), downgraded the growth forecast for all of the world's most powerful economies. These warnings and the news out of Greece are pushing U.S. stock futures down right now. This week, we'll get a fresh reading on growth in the labor market when the government releases its big jobs report for September. That happens on Friday morning. A stock to watch today, Eastman Kodak is up in pre-market trading after taking a nose dive on Friday. The stock sank more than 50 percent down to 78 cents a share after rumors started swirling that the company could be preparing to file for bankruptcy protection. Kodak denies those rumors. The CEO of the Chinese internet giant, Alibaba, says he is interested in buying Yahoo. Right now, Yahoo's stock is about 5.5 percent higher ahead of the opening bell on this news. Yahoo has no comment about this report, but the company is holding a press conference today in New York. No other details available just yet. Still ahead, the top five must have apps that you need now. It's 28 minutes after the hour. AMERICAN MORNING is back after the break.
Eastman Kodak Shares Drop To 78 Cents