ROMANS: "Minding Your Business" this morning. At 8:30 A.M. Eastern Time, we find out how many jobs were created in June. Forecasts range from 80,000 to CNNMoney.com's exclusive survey saying 125,000 jobs were added. The unemployment rate is expected to stay at or close to 9.1 percent. The Dow, NASDAQ and S&P; 500 all making gains yesterday. The NASDAQ now is within shouting distance of an 11-year high. Investors encouraged by some stronger than expected economic data yesterday. Stock futures are down, though, this morning ahead of the opening bell. Investors simply holding their breath for that jobs report. President Obama announces Congressional leaders will meet again Sunday as negotiations on the nation's budget deficit and debt ceiling go into overdrive now. An agreement on the debt ceiling needs to be reached by August 2nd in order for the Treasury Department to pay all of its bills on time. The U.S. government also announcing a new program to help unemployed homeowners stay in their homes. It allows those eligible to postpone all of or part of their mortgage payments for a year or more, giving unemployed people more time to find a job and some breathing space. Oil prices back up near $100 a barrel. Light sweet crude prices jumped about $2 yesterday on that stronger than expected economic growth we told you about. Oil price has dipped two weeks ago after President Obama announced the tapping of the nation's strategic oil reserves, but prices have quickly rebounded. AMERICAN MORNING will be back right after this break.
New Debt Talks On Sunday