Here are five things you must know for Monday, Oct. 23:

1. -- U.S. stock futures were pointing to a slightly higher open for Wall Street on Monday, Oct. 23, while Japanese stocks jumped more than 1% after a landslide parliamentary election victory for Prime Minister Shinzo Abe.

Abe's victory is likely to ensure that loosened monetary policy will continue and clears a hurdle for Abe's long-term goal to amend the constitution.

The gains in Japan's Nikkei benchmark index were its 15th straight, marking the longest winning streak on record.

European shares traded higher on Monday as investors waited to see what would happen next in Spain after Prime Minister Mariano Rajoy outlined measures to take control of Catalonia

As for the U.S., the  economic calendar on Monday includes the Chicago Fed National Activity Index for September at 8:30 a.m. ET.

Stocks in the U.S. on Friday, Oct. 20, ended at records as Congress took the first legislative steps toward tax reform. 

The Dow Jones Industrial Average gained 0.71% on Friday, the S&P 500 added 0.51% and the Nasdaq increased 0.36%. Those gains pushed all three to records, with the Dow and S&P 500 scoring their fifth record session in a row.

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2. -- Tesla Inc. (TSLA) - Get Report , the electric carmaker, reached an agreement to set up its own manufacturing facility in Shanghai, The Wall Street Journal reported, citing people briefed on the plan.

The deal will allow Tesla to build a wholly owned factory in Shanghai's free-trade zone, the people said. The arrangement, the first of its kind for a foreign automaker, could enable Tesla to slash production costs but it would still likely incur China's 25% import tariff, the Journal noted.

A Tesla spokesman didn't have a comment for the Journal beyond reiterating the company's previous statement in June that it planned to "clearly define" production plans in China by the end of the year.

Tesla shares were rising 1.6% in premarket trading on Monday.

3. -- Cisco Systems Inc. (CSCO) - Get Report is nearing a deal to buy BroadSoft Inc. (BSFT) , the telecommunications software company, people with knowledge of the situation told Bloomberg.

A deal could be announced as soon as Monday, the people said. BroadSoft, which has a market value of about $1.7 billion, has been working with Jefferies Group to seek suitors.

BroadSoft is a provider of cloud communication services to businesses in about 80 countries, according to its website. 

Cisco has been shifting its business toward less-expensive software-based services and away from traditional hardware, which provides Cisco with most of its revenue, Bloomberg noted.

4. -- Hasbro Inc. (HAS) - Get Report  reported third-quarter earnings of $2.09 a share, including an accounting gain of 4 cents. Analysts estimated the topymaker would earn $1.94 a share in the period.

Also reporting Monday were Halliburton Co. (HAL) - Get Report  and VF Corp. (VFC) - Get Report . Kimberly-Clark Corp. (KMB) - Get Report , Seagate Technology PLC (STX) - Get Report  and T-Mobile US Inc. (TMUS) - Get Report  are also on Monday's docket.

5. -- Lumber company Potlatch Corp. (PCH) - Get Report  and Deltic Timber Corp. (DEL)  reached a deal to merger in an all-stock deal with an enterprise value of more than $4 billion.

The merger is expected to close in the first half of 2018.

Deltic shares rose more than 7% in premarket trading on Monday.

This story has been updated to include details of Potlatch/Deltic merger.

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Join Jim Cramer, CNBC's Jon Najarian and Other Experts Oct. 28 in New York

Jim Cramer will host CNBC's Jon Najarian, TD Ameritrade's JJ Kinahan, famed analytics expert Marc Chaikin and other market mavens on Oct. 28 in New York City to share successful strategies for active investors.

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When: Saturday, Oct. 28, 8 a.m.-3 p.m.

Where: The Harvard Club of New York, 35 West 44th St., New York, N.Y.

Cost: $250 per person.

  • Click here for the full conference agenda or to reserve your seat now.