Nov. 4 Premarket Briefing: 10 Things You Should Know
NEW YORK ( TheStreet) -- Here are 10 things you should know for Monday, Nov. 4:
1.-- U.S. stock futures were indicating Wall Street would open higher Monday but Asian stocks declined on fears the Federal Reserve will soon reduce the stimulus measures that have propped up the U.S. economy.
Hong Kong's Hang Seng index declined 0.3% while the Kospi in Seoul fell 0.7%.
Stocks in Europe were higher in early trading Monday.
2.-- The economic calendar in the U.S. Monday includes factory orders for August and September at 10 a.m. EST.
3.--U.S. stocks on Friday finished higher amid signs of strength in U.S. and Chinese manufacturing.
Bids from any other parties are due on Monday as well, and it's possible the deadline could be extended, according to the Journal.
BlackBerry kicked off a sales process in August.
A potential bidding group, including the smartphone maker's co-founders, has been pursuing a bid for BlackBerry, the Journal reported, citing people familiar with the matter. Cerberus Capital Management and Qualcomm
5. -- HSBC
HSBC's third-quarter pretax profit rose 30% to $4.53 billion from $3.48 billion a year earlier.
"Digital currency is going to be a very powerful thing," CEO John Donahoe told the FT in an interview.
7.-- Berkshire Hathaway
Revenue in the quarter rose 13% to $46.5 billion.
Berkshire Hathaway said earnings in the quarter were boosted by sales and investments it made during the financial crisis.
8. -- Cereal maker Kellogg