Morning Briefing: 10 Things You Should Know
NEW YORK ( TheStreet) -- Here are 10 things you should know for Monday, Oct. 14:
1.-- U.S. stock futures suggested Wall Street would open lower Monday as the Thursday deadline to increase the U.S. debt ceiling loomed.
European stocks were trading mostly lower. Asian shares ended mixed in light trading. Markets in Japan and Hong Kong were closed for holidays on Monday.
2.-- The economic calendar in the U.S. Monday is empty. Stock markets remain open for Columbus Day but the bond market is closed.
4.-- The U.S. moved closer to default and a partial government shutdown entered its third week as Senate Democratic and Republican leaders remained at odds over spending in their last-ditch negotiations to end the budget crises.
Majority Leader Harry Reid, D-Nev., and Minority Leader Mitch McConnell, R-Ky., spoke by phone Sunday but failed to agree on a deal to raise the nation's borrowing authority above the $16.7 trillion debt limit or reopen a government still closed for a 14th day. Congress is racing the clock with Treasury Secretary Jack Lew warning that the U.S. will quickly exhaust its ability to pay its bills on Thursday.
The talks are in early stages and no deal is imminent, the people told the Journal.
A deal would mark Netflix's first such tie-up with a U.S. cable provider and would come after a similar agreement it recently announced with U.K. cable operator Virgin Media , the Journal noted.
6.-- General Motors
7.-- A transit strike at San Francisco's Bay Area Rapid Transit was averted for at least a day after two labor unions extended contract talks beyond a midnight deadline and agreed not to walk off the job Monday to allow more contract talks.
8.-- JB Hunt Transport Services
9.-- Wall Street expects insurer Brown & Brown
10.-- David Ortiz hit a grand slam to erase an eighth-inning deficit and Jonny Gomes scored the game-winning run in the ninth Sunday night to give Boston a 6-5 victory over Detroit and tie the AL championship series at one game apiece.