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Morning Briefing: 10 Things You Should Know

NEW YORK (TheStreet) -- Here are 10 things you should know for Friday, Oct. 18:

1.-- U.S. stock futures were pointing to gains on Wall Street Friday after economic growth in China rebounded in the latest quarter.

European shares were rising. Asian stocks ended the session mostly higher after China's economic growth rose to 7.8% in the third quarter from a two-decade low of 7.5% in the second quarter, helped by government stimulus measures. Japan's Nikkei 225 index slipped 0.2%.

2.-- The economic calendar in the U.S. Friday includes leading economic indicators for September at 10 a.m. EDT.

3.--U.S. stocks closed Thursday with gains as investor relief that lawmakers avoided a default on the country's debt combined with prospects that the Federal Reserve is unlikely to curtail its stimulus program after a weaker-than-expected national jobs report.

The S&P 500 gained 0.67% to close at 1,733.15, an all-time high. The Dow Jones Industrial Average slipped 0.01% to 15,371.65. The Nasdaq rose 0.62% to 3,863.15.

4.-- Google (GOOG - Get Report) shares jumped almost 5% in after-hours trading Thursday after the online search giant posted earnings that beat expectations.

Google reported earnings of $10.74 a share on revenue of $11.93 billion, excluding traffic acquisition costs. With TAC, revenue was $14.9 billion. Analysts expected Google to earn $10.34 a share on revenue, including TAC, of $14.79 billion.

"Google had another strong quarter with $14.9 billion in revenue and great product progress," said Larry Page, CEO of Google. "We are closing in on our goal of a beautiful, simple, and intuitive experience regardless of your device."

5.-- General Electric  (GE - Get Report) is expected by Wall Street to report third-quarter earnings Friday of 35 cents a share on revenue of $35.96 billion.

GE posted earnings of 36 cents a share in the second quarter and 35 cents a share in the year-earlier third quarter. Revenue in the second quarter was $35.12 billion and $36.35 billion a year earlier.

6.-- Morgan Stanley  (MS - Get Report) is forecast to report Friday third-quarter earnings of 40 cents a share on revenue of $7.7 billion.

7.-- Lenovo, the Chinese PC maker and world's largest, is actively considering a bid for all of smartphone maker BlackBerry (BBRY - Get Report), The Wall Street Journal reported, citing people familiar with the matter. Lenovo has signed a non-disclosure agreement with BlackBerry.

It was reported last week that BlackBerry founder and former co-CEO Mike Lazaridis was weighing a takeover of the company. Last month, BlackBerry reached a preliminary $4.7 billion buyout deal with Fairfax Financial Holdings, a Canadian insurance firm.

BlackBerry shares rose 1.2% on Thursday to $8.30.

8.-- Honeywell  (HON - Get Report) is expected by analysts to report third-quarter earnings on Friday of $1.24 a share on revenue of $9.92 billion.

9.-- 21st Century Fox (FOXA) is holdings its annual shareholders meeting Friday as certain activist investors are looking to strip the chairman job from CEO Rupert Murdoch

10.-- The Boston Red Sox edged the Detroit Tigers 4-3 Thursday night to take a 3-2 lead in the AL championship series, which resumes Saturday at Fenway Park in Boston. 

-- Written by Joseph Woelfel

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

To submit a news tip, send an email to:tips@thestreet.com.

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

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