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Nov. 6 Premarket Briefing: 10 Things You Should Know

NEW YORK (TheStreet) -- Here are 10 things you should know for Wednesday, Nov. 6:

1.-- U.S. stock futures were rising while stocks across the globe were mixed on renewed concerns the Federal Reserve will start reducing its bond purchases. 

European shares were higher in early trading. Asian stocks ended Wednesday's trading session mixed. Japan's Nikkei 225 index closed up 0.8%.

2.-- The economic calendar in the U.S. Wednesday includes the Leading Indicators report for September at 10 a.m. EST.

3.--U.S. stocks on Tuesday declined as lackluster corporate earnings reports and a tepid outlook for European growth offset an upbeat U.S. services sector report. 

The S&P 500 fell 0.3% to close at 1,762.97 while the Dow Jones Industrial Average declined 0.1% to finish at 15,618.22. The Nasdaq  fell 0.1% to 3,939.86.

4.-- Republican Gov. Chris Christie won re-election Tuesday in New Jersey amid talk of a possible 2016 presidential run. Democrat Terry McAuliffe narrowly won the Virginia governor's race.

New Yorkers chose Bill de Blasio as mayor, electing the first Democrat since 1989.

5.-- Tesla (TSLA - Get Report) reported adjusted third-quarter earnings of 12 cents a share on revenue of $603 million, topping Wall Street estimates, but third-quarter deliveries of its Model S sedan came in lower than expected.

The electric car maker delivered 5,500 Model S units during the period, which was a record for Tesla but lower than some analysts had predicted. Tesla said it expects to "deliver slightly under 6,000 Model S vehicles in Q4, which increases our total expected deliveries to 21,500 vehicles worldwide for 2013."

6.-- Toyota's (TM - Get Report) quarterly profit soared 70%, and the world's top-selling automaker raised its earnings forecast, as cost cuts and a weaker Japanese yen compensated for slightly weaker vehicle sales.

The Tokyo-based maker of cars such as the Prius and the Camry said Wednesday its July-September net profit rose to 438.4 billion yen ($4.4 billion) from 257.9 billion yen a year earlier.

7.-- Microsoft (MSFT) narrowed its list of external candidates to replace CEO Steve Ballmer to about five people, including Ford (F) chief Alan Mulally and former Nokia (NOK) CEO Stephen Elop, Reuters reported, citing to sources familiar with the matter.

The software giant also has at least three internal candidates on its shortlist, including former Skype CEO Tony Bates, who is now responsible for Microsoft's business development, and Satya Nadella, the company's cloud and enterprise chief, the sources told Reuters.

The process to name a new CEO could take a few more months, the sources said. Ballmer said in August he would retire within 12 months.

8.-- Media and entertainment company Time Warner (TWX) is expected by Wall Street on Wednesday to report third-quarter earnings of 89 cents a share on revenue of $6.94 billion.

9.-- 21st Century Fox (FOXA) said fiscal first-quarter profit declined, hurt by investments in new channels, including the launch of Fox Sports 1 and FXX in the U.S..

21st Century Fox, controlled by Rupert Murdoch, posted net income of $1.26 billion, or 54 cents a share, down from year-earlier earnings of $2.23 billion, or 94 cents a share, when the company benefited from the sale of its stake in TV software company NDS Group.

Adjusted earnings, excluding discontinued operations, were 33 cents a share, a penny below forecasts. Revenue rose 18% to $7.06 billion.

10.-- Chipmaker Qualcomm (QCOM) is forecast by analysts on Wednesday to report fiscal fourth-quarter earnings of $1.08 a share on revenue of $6.34 billion.

-- 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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