For the first time ever, KFC is making bigger profits in China than in the U.S.

Food is getting more expensive worldwide, but economists predict rising prices won't largely affect American life.

China is the world's largest producer and consumer of grain. But after severe winter droughts in the northern breadbasket region, the United Nations Food and Agriculture Organization warns of a global wheat shortage that will drive up the cost of foods like noodles and cereal. Rob Schmitz has more.

The Labor Department will release its big January jobs report later this morning, and economists will be looking for growth in the leisure and food service industries. As Scott Tong explains, growth in these areas could indicate a recovery on a roll.