Good Morning - Happy Martin Luther King Jr Day!

Busy day!

At 11am Jon Huntsman is expected to hold a news conference to announce he is dropping out of the race for the GOP nomination. He is also expected to throw his support to Mitt Romney. We'll take it live.

JON HUNTSMAN / SC

1100EST -- Holds press conference at the Myrtle Beach Convention Center, 2101 North Oak Street, Myrtle Beach, SC. FNC LIVE via LiveU

Newt Gingrich, Mitt Romney, Ron Paul, Rick Perry and Rick Santorum all campaigning in South Carolina today.

FOX News holds a debate tonight! 9pm.. should be interesting!

Death toll rising in the cruise ship accident off the coast of Italy. They are calling it the "Italian Titanic." It's a horror story that keeps getting worse. Six are dead. Another 16 are still missing. We will hear more from passengers who barely escaped with their lives.. and find out the latest on the investigation into just what happened.

More saber rattling from Iran. Now they are threatening their Arab neighbors. This as Israeli PM says Western sanctions "aren't enough," and the U.S. becomes increasingly concerned Israel may act unilaterally. Lots to talk about today.

Car bombing kills 8 in northern Iraq. This as Iraq threatens to prosecute some U.S. contractors. Keep an eye on this.

Also keep an eye on European markets where trading has been mixed after S&P downgraded many nations' debts.