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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.

3.--U.S. stocks finished with gains on Friday. The S&P 500 gained 0.63% to 1,703.19, while the Dow Jones Industrial Average added 0.73% to 15,237.11. The Nasdaq closed up 0.83% to 3,791.87.

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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.

5.-- Netflix (NFLX - Get Report)  is in talks with several U.S. pay-television providers including Comcast (CMCSA) and Suddenlink Communications to make its online video service available as an app on their set-top boxes, people familiar with the matter told The Wall Street Journal.

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 (GM - Get Report) will open Monday a $200 million metal-stamping plant adjacent to its factory in Arlington, Texas. GM hopes to save about $40 million a year in shipping costs by locating parts near the assembly plant, according to the Journal.

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 (JBHT - Get Report)  is expected by analysts on Monday to post third-quarter earnings of 78 cents a share on revenue of $1.45 billion. 

9.-- Wall Street expects insurer Brown & Brown (BRO - Get Report) to report earnings in the third quarter of 40 cents a share.

-- 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.

-- Written by Joseph Woelfel

To contact the writer of this article, click here:Joseph Woelfel

To submit a news tip, send an email

Copyright 2013 Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.

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