The Market In 5 Minutes: Jobs Numbers, Big Earnings Close The Week

Macro Focus

Futures for the Dow Jones Industrial Average dropped 20 points to 17,831.00, while the Standard & Poor’s 500 index futures declined 1.25 points to 2,082.25. Futures for the Nasdaq 100 index slipped 2.75 points to 4,671.50.

Oil prices traded lower as Brent crude futures declined 0.41 percent to trade at $46.16 per barrel, while US WTI crude futures also fell 0.01 percent to trade at $44.66 a barrel.

Nonfarm Payrolls for Oct 161.0K vs 175.0K consensus estimate. Private Payrolls for Oct 142.0K vs 166.0K consensus estimate

• Dallas Federal Reserve Bank President Rob Kaplan will speak in Mexico City at 12:00 p.m. ET.
• The Baker Hughes North American rig count report for the latest week is schedule for release at 1:00 p.m. ET.
• Federal Reserve Vice Chairman Stanley Fischer will speak at the International Monetary Fund at 4:00 p.m. ET.

BZ News Desk Focus

• FireEye FEYE Reports Q3 EPS $(0.18) vs. Est. $(0.31), Rev. $186.4M vs. Est. $182.6M
• Starbucks SBUX Reports Q4 Adj. EPS $0.56 vs $0.55 Est., Sales $5.71B vs $5.58B Est.
• Kraft Heinz KHC Reports Q3 Adj. EPS $0.83 vs $0.44 in Same Qtr. Last Year, Sales $4.395B vs $4.7B Est.
• Humana HUM Reports Q3 Adj. EPS $3.18 vs $3.15 Est.
• Twilio TWLO Reports Q3 Adj. EPS $(0.04) vs $(0.08) Est., Sales $71.5M vs $66.8M Est.
• Activision Blizzard ATVI Reports Q3 EPS $0.49 vs. Est. $0.42, Rev. $1.56B vs. Est. $1.57B
• Las Vegas Sands LVS Reports Q3 Adj. EPS $0.72 vs $0.60 Est., Sales $2.97B vs $2.81B Est.

Sell-Side Themes

Fitbit FIT received a couple more downgrades following its 25 percent fall, while Imperva IMPV received at least three upgrades to Buy.

Sell-Side's Most Noteworthy Calls

• Bank of America downgraded Whole Foods WFM to Underperform.
• Goldman Sachs downgraded Adeptus Health ADPT to Neutral.
• BTIG upgraded Juno JUNO to Neutral.
• Compass Point upgraded Callaway Golf ELY to Buy.
• Cowen started Array Biopharma ARRY at Outperform.

Deal Talk

CBS CBS, which reported solid third-quarter results, had representatives meet with Time Warner TWX about a possible get-together just weeks before AT&T T announced it was buying the cable-TV and film conglomerate, two sources told The New York Post. CBS and Time Warner, which share NBA rights and ownership of the CW network, met over the summer to discuss interest in a merger, the sources said.

Glu Mobile GLUU acquired shares representing approximately 80.6 percent of the issued and outstanding voting power of Crowdstar Inc. for $40.8 million in cash. CrowdStar develops mobile games and games for Facebook, including "Happy Aquarium", "Happy Pets", "Wasteland Empires" and "It Girl."

Telecommunications firms Windstream Holdings WIN and EarthLink ELNK are in talks to merge in an all-stock deal that would allow them to better compete against rivals, people familiar with the matter told Reuters.

In The News

Federal prosecutors, after a lengthy probe, are nearing possible criminal charges for price-collusion in the generic-drug industry, a person familiar with the matter told Wall Street Journal. The Justice Department has sent subpoenas to companies like Teva Pharmaceutical TEVA, Mylan MYL, Dr. Reddy's RDY, Taro Pharmaceuticals TARO, Endo International ENDO and Actavis, which Allergan AGN recently sold to Teva.

Has this election shined a new light on Wall Street's bro culture? Women sense a pickup in edgy banter on trading floors, according to this Bloomberg story.

Blogosphere

"Here's a lesson to all companies: More disclosure is better than less." Read why Gadfly's Shelly Banjo thinks this is working out for Starbucks.

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#WhyIThinkImStillSingle Because when the markets close at 4 p.m., my day is just getting started.