BOSTON ( TheStreet) -- Netflix's ( NFLX) 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) 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) 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) does finally unveil an Apple HD television, they'll call it "magical" and "revolutionary." Bloomberg What FedEx's ( FDX) screaming rally really means. WSJ MarketBeatBP ( BP) is increasing its asset sales to $45 billion as its profits more than double. Financial Post
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
What should investors be more concerned with: dividends per share or earnings per share? FT AlphavilleGoing 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. >To contact the writer of this article, click here: Robert Holmes. >To follow Robert Holmes on Twitter, go to http://twitter.com/RobTheStreet. >To submit a news tip, send an email to: firstname.lastname@example.org.