NEW YORK (TheStreet) -- Here are 10 things you should know for Tuesday, Oct. 22:
1.-- U.S. stock futures were pointing to a flat start for Wall Street on Tuesday ahead of the September jobs report.
European stocks also were trading flat. Asian shares ended Tuesday's session mixed, with Japan's Nikkei 225 index rising 0.1%.
2.-- The economic calendar in the U.S. Tuesday includes the nonfarm payrolls report for September, which was delayed because of the U.S. government shutdown, at 8:30 a.m. EDT, and construction spending for August at 10 a.m.
4.-- Apple (AAPL) is holding an iPad event Tuesday in San Francisco at which its expected to refresh the company's second-largest driver of revenue, behind the iPhone. Apple's iPad-centric event could be its most important since the original iPad was announced, according to Cantor Fitzgerald analyst Brian White.
White said he expects that Apple will unveil the fifth-generation of the 9.7-inch iPad, and an updated second-generation of the iPad mini. He also believes that Apple will update the MacBook Pro, and give more detail about its desktop operating system, named OS X Mavericks.
For the fourth quarter, the company said it expects sales between $2.86 billion and $3.1 billion and earnings of between 42 cents and 50 cents a share. Analysts are looking for fourth-quarter sales of $3.12 billion and earnings of 51 cents a share.
8.-- Delta Air Lines (DAL) is forecast to report on Tuesday third-quarter earnings of $1.36 a share on revenue of $10.47 billion. 9.-- Spanish construction company FCC opened up 13% on Tuesday after the company announced that Bill Gates, co-founder and chairman of Microsoft (MSFT), had become its second largest shareholder with a 6% stake, Reuters reported. 10.-- Berkshire Hathaway (BRK.A), the investment vehicle of billionaire Warren Buffett, cut its stake last week in British retailer Tesco by about one-fifth, or 300 million pounds, according to a stock market filing on Monday, Reuters reported.
Tesco, the world's third-largest retailer, posted a decline in first-half profit and has struggled to regain market share in its main U.K. market. -- Written by Joseph Woelfel To contact the writer of this article, click here:Joseph Woelfel To submit a news tip, send an email to:email@example.com.
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