BOSTON (TheStreet) -- Netflix's (NFLX) - Get Report absolutely abysmal third-quarter earnings report leads your quick fix of company, market, economic and investing news for Tuesday, Oct. 25.

Netflix CEO Reed Hastings

Tuesday's 5 Biggest Stories

Netflix's

(NFLX) - Get Report

creative destruction toll rises to 800,000 subscribers. Shares now trade for $75, down from $300 just three months ago.

ZDNet

New York Fed President Bill Dudley is open to the idea of the

Federal Reserve buying more mortgage-backed securities

and says inflation will fall. Completely unrelated: Oil is now above $94 a barrel.

WSJ

Bank of America/Merrill Lynch economists warn of

another downgrade to the U.S. credit rating

after Thanksgiving. It gives new meaning to Black Friday.

The Inquisitr

I've said this before, but it bears repeating: Fixing an

overleveraging problem with more leverage

doesn't sound sane.

Bloomberg

Very, very quietly,

DuPont

(DD) - Get Report

had an absolute monster of a quarter.

Bloomberg Businessweek

Quote of the Day

"I don't have any idea. It doesn't matter. He's the President of the United States. He's elected. It's a distractive issue," Texas Gov. and presidential hopeful

Rick Perry

answered in response to a question about whether he believes

President Obama was born in the United States

.

Parade

Other Company News

I'm going to take a wild guess here and say when

Apple

(AAPL) - Get Report

does finally unveil an

Apple HD television

, they'll call it "magical" and "revolutionary."

Bloomberg

What

FedEx's

(FDX) - Get Report

screaming rally really means.

WSJ MarketBeat

BP

(BP) - Get Report

is increasing its asset sales to $45 billion as its profits more than double.

Financial Post

Markets

Attention everyone: Stop worrying about the global economy,

the Pope's got this one

.

NYT

Here's why the

naked CDS ban in Europe

will have little impact for fans of the credit default swap.

IFR

Need more

reasons to dislike banks

? Now they have too much cash and they can't do anything with it.

NYT

Investment Strategy

What should investors be more concerned with:

dividends per share or earnings per share

?

FT Alphaville

Going long on nearly every Tuesday

this year has been a winning trading strategy.

Crossing Wall Street

Odds and Ends

My favorite news bit in a story today: "Mr. Berlusconi, who, according to diplomats,

pretended to doze off

during the weekend's summit..."

FT

Everyone is freaking out that some guy was

smoking a cigarette in a new ad for Herman Cain's presidential bid

. Watch for yourself below.

The Atlantic

-- Written by Robert Holmes in Boston

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