ROMANS: Welcome back. "Minding your Business" this morning. U.S. stock futures are up right now, but those lingering concerns about Europe that ended a three-day rally yesterday continue. The DOW is down 180 points or 1.5 percent yesterday. The NASDAQ and S&P; were also down about two percent. This morning Germany's parliament passed a measure to overhaul a European bailout fund. The vote helps pave the way to create a bigger bailout fund to help stabilize Greece and any other troubled countries, and to help the banks too. Later this morning we are going to get the latest reading on the number of Americans filing first-time jobless claims. That report along with a new revision on how slowly the U.S. economy grew in the second quarter, those all come out in about hours from now. We'll have the detail out when it happens. The world's largest cellphone maker Nokia announcing plans to cut 3,500 jobs, in an attempt to streamline its business. The majority of the cuts will take place overseas. Some of the companies workers though in Pennsylvania could lose their jobs, too. The banks are still scrambling to clean up the mortgage mess. According to the "Los Angeles Times," reports of mortgage fraud soared 88 percent in the second quarter of this year compared to the same time last year, that jump in part because banks are finding more problems as they reexamine loans from the housing boom. Don't forget, for the latest news about your money, check out the all-new CNNmoney.com. AMERICAN MORNING will be right back after a very quick break.
Germany Passes Bill to Overhaul European Bailout Fund