ROMANS: Twenty-seven minutes after the hour. "Minding Your Business" this morning. Right now, U.S. stock futures are trading sharply higher ahead of the opening bell. European markets are up, too, after some stronger than expected manufacturing data surprised investors in Europe. Pepsi just reported it missed third quarter earnings expectations, but revenues were up for the quarter. A lot of weight on this report as Pepsi just doesn't make Pepsi. It also is the parent company of Frito-Lay, Tropicana, Gatorade and Quaker Oats. It can tell (ph) a lot about this, the health of the consumer. We've been hearing reports and rumors for week and now someone is saying it. The New York State Comptrollers Office predicts that Wall Street will cut 10,000 jobs by the end of next year. The office says profits will fall for the security industry, and Wall Street employees will see smaller bonuses, too. When you see Wall Street lose jobs its bankers all the way down to secretaries. Buying your milk and cereal at the drugstore may save you time, but it won't save you cash. A new study by Consumer World shows that the average drugstore charges a full 50 percent more than the least expensive supermarket for groceries. Up next, hip-hop's business boom. It's grown into a multibillion dollar industry, but is its economic success leading to the art form's downfall? AMERICAN MORNING back right after the break.
Pepsico. Earnings Miss Estimates, Revenues Up