5 Things You Need to Know Before the Stock Market Opens

BOSTON ( TheStreet) -- This week's flood of earnings reports, kicked off early today by Caterpillar ( CAT), leads your quick fix of company, market, economic and investing news for Monday, Oct. 24.

Monday's 5 Biggest Stories

The busiest week of third-quarter earnings reports awaits investors. Already, Caterpillar ( CAT) reported the highest revenue ever for the industrial company. Bloomberg

European leaders won't tap the European Central Bank's balance sheet to boost the bailout fund. Bloomberg

China's PMI is turning around and back in expansion territory, while Europe PMIs continue to sink. FT Alphaville

Nearly 1,000 are feared dead after a massive 7.2-magnitude earthquake hit Turkey on Sunday. Telegraph

Your comprehensive slate of economic data for the week. Thursday's report on GDP is the highlight. Calculated Risk

Quote of the Day

"I think I did everything right. I did well when others didn't. I happen to earn one-fifth of the profits. I pay about a third in taxes, I give away about a third, and I follow the law. And if I'm doing something they think is incorrect, I'd like to know that," hedge fund manager Ray Dalio said during an interview with Charlie Rose when asked about his thoughts on Occupy Wall Street and the ire against the top 1%. Charlie Rose

Other Company News

Netflix ( NFLX), which reports quarterly results after the closing bell today, announced more international services. Now subscribers in the U.K. and Ireland will be able to complain about the Internet streaming selection. Washington Post

Swiss banks like Credit Suisse ( CS) may pay billions to the U.S. to settle a probe of offshore tax evasion. Oh, and they'll disclose their client lists to help the U.S. find Americans who hid money from the IRS. Bloomberg

Google ( GOOG) is reportedly jumping in alongside Microsoft ( MSFT) to bid for Yahoo! ( YHOO), although neither wants to own or run the company. Kind of like when someone bids for Baltic Avenue in Monopoly. NYT DealBook


Is this really the reason why the stock market has rallied so high this month? Business Insider

When you count inflation, investors are in worse shape, mired in red over the past few months. MarketWatch

Hiring plans of U.S. companies reflect the worst employment outlook since January 2010. Bloomberg

Investment Strategy

Weighing the week ahead for investors. A Dash of Insight

Are Apple ( AAPL) investors stuck on an island? Peter L. Brandt

Odds and Ends

When game imitates life: CNBC was forced to suspend its Million Dollar Portfolio Challenge game after some players exploited a technical glitch to rise to the top. News on News

On Friday, Neil Young hosted his annual Bridge School Benefit concert, where he performed with Arcade Fire on a great rendition of "Helpless." YouTube

-- Written by Robert Holmes in Boston.

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Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

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