a purchase in your store, you will be liable. this is a big change from the past where the credit card companies would foot the bill for the questionable purchase. around 27% of merchants are going to be ready by the deadline. that gets lower when looking at just small businesses. so for those of you that have not made the switch yet, we want to tell you what to do. here s the publisher of smart hustle magazine and he helps small businesses thrive using technology. great to see you. great to be here. how much of a change is this for me i have a cupcake shop. that s not a lot of fraud. or jewelry. i sell jewelry. there s a scare someone is going to buy a diamond ring using someone else s credit card. what do i need to change from my point of sale system? it s a big deal and i think it s all about risk. that if you re not afraid of credit card fraud and it s never happened to you, maybe you don t worry about it so much.
cupcake. but they re very popular. probably less calories in the 600 cupcake than 1200 pie. never talk calories when you walk into a cupcake shop. never thinking calories that s you. i am. i am a calorie counter. staying with the food theme, a very expensive bunch of grapes. japanese wedding hall operator paid $5,400 for this ruby romaine grapes at auction. that s about $180 per grape. it was the first day of the grape-buying season in japan. the hall owner says he wants to give newlyweds a special memory for their wedding reception. like the bill? what about chocolates? i would just do chocolates. much easier. when you watch a movie at home, you can sit back, extend your recliner and soon you can do that at movie theaters nationwide. the amc theater chain is spending $600 million to install reclining seats. it s going to also cut down drastically on the number of seats available in a theater by
live on capitol hill correspondent. you ve been following ins and o outs. i want to begin with the one offered in the last hour we heard from senate majority leader harry reid. what s in the latest plan. i was realizing this is $2.7 trillion in proposed cuts, brooke, on two sides of a piece of paper. obviously details need to be filled in what they are proposing raise it by this month, cut by this month. the cuts include $1 trillion immediately in discretionary spending. also a lot of money from war money. he s saying as afghanistan and iraq wrap up, there s about a trillion dollars in savings. that s kind of controversial, brooke, because republicans don t count that money. but bottom line, $2.7 trillion all in savings cuts. you might like all them. that s what he s saying. he has a longer term committee in here but it would just make recommendations for long-term reform, really would have a vote on that but wouldn t force those reforms to happen. so i want to look at th
here are stories to watch today on abc news former pennsylvania senator rick santorum will announce his bid for the republican presidential nomination and he ll do it on good morning america in just a few hours. apple s steve jobs will return from medical leave to deliver the keynote speech at the apple conference in san francisco, he s set to unveil the new icloud music service. and plaxico burress will be released from jail. giants receiver served for 20 months for illegally carrying and firing a gun at a manhattan nightclub. finally, this half-hour, a pair of sisters, who could be called the unsuspecting warriors. their cupcake shop in ohio was mentioned on a talk show where it started. sugar, eggs, rum. next thing they knew they were in the middle of the war on terror. our friend rob nelson explains. reporter: they are a spy s secret weapon. james bond and his aston martin.
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