Updated to include earnings from Wells Fargo and Citigroup.
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Here are five things you must know for Friday, Oct. 14:
1. -- U.S. stock futures were rising Friday as earnings from some big U.S. banks topped analysts' estimates and ahead of data on retail sales and inflation at the wholesale level.
European stocks posted solid gains and Asian shares finished the session higher.
Oil prices in the U.S. early Friday rose 1% to $50.96 a barrel.
The economic calendar in the U.S. on Friday includes Retail Sales for September at 8:30 a.m. EDT, the Producer Price Index for September at 8:30 a.m., Business Inventories for August at 10 a.m., and the University of Michigan Sentiment Index for October at 10 a.m.
Federal Reserve Chair Janet Yellen will be the keynote speaker at the Boston Fed's 60th Economic Conference, "The Elusive Recovery," at 12:30 p.m. Boston Fed President Eric Rosengren will give the opening remarks at the conference at 8:30 a.m.
2. -- JPMorgan Chase (JPM - Get Report) posted third-quarter profit of $1.58 a share, down from year-earlier earnings of $1.68 a share. Analysts were expecting earnings in the quarter of $1.39 a share.
The stock rose 1.5% in premarket trading.
Citigroup shares gained 1.2%; Wells Fargo rose 0.3% in premarket trading.
3. -- Verizon's (VZ - Get Report) general counsel, Craig Silliman, declared Thursday that his company has a "reasonable basis" to think the breach of more than 500 million Yahoo! (YHOO) email accounts, disclosed in late September, has a "material impact" on Verizon's pending $4.8 billion acquisition of Yahoo!. That leaves open the possibility that Verizon could walk away from the deal, at least if Verizon's stance held up in court.
A Verizon spokesman confirmed to the Associated Press that Silliman made the comments to reporters during a roundtable discussion Thursday. "I think we have a reasonable basis to believe right now that the impact is material and we're looking to Yahoo to demonstrate to us the full impact," he said.
Silliman didn't say whether Verizon would seek a reduction in the price its's paying to buy Yahoo!, but added that Yahoo! will have to convince Verizon if it doesn't believe the breach had a significant impact on its business.
Verizon CEO Lowell McAdam said earlier this week that his company was investigating but vowed Verizon wouldn't walk away from the deal.
Yahoo!, in a statement Thursday, said it's confident of the company's value and that it's still working toward integrating with Verizon. The deal was expected to close by the end of March 2017.
The cuts are in addition to 3,000 jobs that HP previously said it was trimming this fiscal year.
"Our core markets are challenged and macro economic conditions are in flux right now," CEO Dion Weisler said.
HP said it expects adjusted profit for fiscal 2017 of $1.55 to $1.65 a share. Analysts forecast earnings of $1.61 a share.
The stock fell 1.7% in premarket trading on Friday.
Hershey's board already is preparing for the resignation of Bilbrey and has formed a committee to find a successor, Reuters reported.
Bilbrey is stepping down to spend more time with his family. He plans to remain non-executive chairman on Hershey's board, a person told Reuters.
Mondelez International tried to acquire Hershey earlier this year but was unsuccessful.