Here are five things you must know for Wednesday, Nov. 1:
2. -- Besides Facebook, earnings reports are expected Wednesday from Fitbit Inc. (FIT) , Qualcomm Inc. (QCOM) , Tesla Inc. (TSLA) , Yelp Inc. (YELP) , Estee Lauder Cos. (EL) , Groupon Inc. (GRPN) , Kraft Heinz Co. (KHC) , Molson Coors Brewing Co. (TAP) , Shake Shack Inc. (SHAK) and Allergan PLC (AGN) .
Clorox Co. (CLX) reported fiscal first-quarter profit if $1.46 a share, topping forecasts by 4 cents.
Edmunds, the automotive information company, projected that 1.32 million new cars and trucks were sold in the U.S. in October, equating to a seasonally adjusted annual rate of 17.6 million. This represents a 13.3% drop in sales from September 2017 and a 3.5% decline from the same period a year earlier.
4. -- Shares of Deutsche Telekom AG (DTEGY) fell sharply in Frankfurt on Wednesday amid speculation that the owner of T-Mobile US Inc. (TMUS) has hit an impasse on merger talks with Japan's SoftBank Group Corp. (SFTBY) that would bring its U.S. subsidiary together with rival carrier Sprint Corp. (S) .
Sprint was said to be to be considering walking away from the negotiating table with T-Mobile for the second time in three years, according to reports. Directors of Sprint's parent company Softbank reportedly met last week and decided to suspend merger efforts, sources told The Wall Street Journal.
Deutsche Telekom shares were down 1.5% in Frankfurt. German markets were closed on Tuesday, meaning Wednesday was the first time Deutsche Telekom shares responded to a possible breakdown in talks.
The networking gear giant is soliciting offers for NDS Group, the people told Bloomberg. Cisco acquired NDS for about $5 billion in 2012.
This story has been updated from 6:07 a.m. ET.
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