Lynn University students enjoy a pool party before the presidential debate
Joe Raedle/Getty Images
Lynn University students enjoy a pool party before the presidential debate
Good morning. Here's what you need to know.
  • Asian markets were mixed in overnight trading, with the Shanghai Composite down 0.86 percent on concerns of weaker earnings and growth. Europe is selling off and U.S. futures are in the red.

  • Spanish GDP contracted 0.4 percent in the third quarter, but beat expectations of a 0.7 percent decline. This is the fifth straight quarterly decline in GDP.

  • Last night president Obama and Mitt Romney faced off in Boca Raton on in the final presidential debate. Romney played it safe and didn't go on the offensive against his opponent, but he was criticized for agreeing too much with Obama on foreign policy. 


  • In earnings news, Netflix is expected to report third quarter earnings of $0.04 per share. Meanwhile, chemical maker DuPont missed earnings and revenue expectations and is cutting 1,500 jobs.

  • Yahoo! reported earnings of $0.35 per share, on net revenue of $1.09 billion beating expectations. During the conference call CEO Marissa Mayer said that half of Yahoo's engineers should be mobile engineers and that the company will make small acquisitions.

  • Moody's cut the credit ratings of five Spanish regions – Andalucia, Extremadura, Castilla-La Mancha, Catalunya, and Murcia. The regions were downgraded because of "the deterioration in their liquidity positions" and because three of the regions "face large debt redemptions in Q4 2012". 

  • Texas instruments meanwhile, reported a 30 percent rise in third quarter profit, but slashed its fourth quarter earnings and revenue estimates.