VELSHI: Twenty-seven minutes after the hour. "Minding Your Business" this morning. Right now, U.S. stock futures are higher. Stocks have closed higher for the past three days on hopes that Europe's debt crisis is closer to being resolved. But this morning, there are concerns about the bailout for Greece and that it could be in jeopardy. According to the "Financial Times," Euro zone members are now split over the terms of the loan. A new report this morning says the number of mortgage applications in the U.S. was slightly higher last week. More people are taking advantage of those low mortgage rates and refinancing, but a lull in home purchasing is still holding back the number of mortgage applications. The popular iPad could be about to get some new competition. This morning, Amazon expected to reveal its new tablet computer. Rumors are it will be called the Kindle Fire and able to stream both movies and TV shows. And Apple is expected to unveil the long awaited iPhone 5 at a press event next Tuesday. It's been 15 months since the iPhone 4 was announced. Among the upgrades, a new better design, better cameras, voice recognition, and more carriers. Up next, after more than 40 years on the run, a fugitive hijacker from New Jersey is caught overseas. That amazing story, next. AMERICAN MORNING back after the break.
Amazon Expected To Unveil Tablet Today