Stocks slip, Wikileaks releases transcripts of Clinton's Goldman Sachs speeches

Wall Street started the week in the red. All three major averages (^GPSC, ^DJI, ^IXIC) were lower in early trading as investors weighed a fresh batch of corporate earnings and kept close tabs on global bond yields following comments Federal Reserve chair Janet Yellen on Friday.

Meanwhile, Federal Reserve Vice Chairman Stanley Fischer is scheduled to speak at the Economic Club of New York at 12 p.m. ET.

Stocks to watch

Bank of America (BAC) shares were higher in early trading. The consumer banking giant reported a beat on both its top and bottom lines for the third quarter. Both profit and revenue rose from a year ago, driven by a strong performance in its bond trading and investment banking businesses.

Tesla’s (TSLA) big reveal is being delayed by a couple of days. CEO Elon Musk tweeted yesterday that he was postponing the company’s new product announcement until Wednesday and added that the mysterious project “needs a few more days of refinement.” Although Tesla is keeping mum on what it will unveil, there is speculation about a new iteration of autopilot and a reworked version of Tesla’s Model X SUV.

Hasbro (HAS) shares were up sharply this morning after the toy maker delivered better-than-expected earnings and revenue for the third quarter. Revenue jumped more than 14% from a year ago thanks to strong sales of girl toys including Disney Princess and Frozen dolls.

McDonald’s (MCD) in the spotlight. The Wall Street Journal reported that more senior executives are expected to leave the fast food chain’s management team this week. McDonald’s chief field officer is slated to retire at the end of the year, as will a senior vice president of customer experience, according to the Journal. This comes after three other executive departures. The company, which is set to report third quarter results on Friday, has been looking for ways to revive its US sales.

Netflix: All about subscriber growth

Netflix (NFLX) reports third-quarter earnings after the bell, and investors will be laser-focused on the video streaming company’s subscriber growth inside and outside the US. Those numbers fell short of expectations in the second quarter, dealing a blow to the stock. Also of concern: customer “churn,” or the number of people quitting the service. What can Netflix do to satisfy investors?

Clinton and Blankfein

We are learning more about what Hillary Clinton supposedly said in those controversial speeches to Wall Street banks like Goldman Sachs (GS). The latest transcripts released by Wikileaks reveal Clinton talking about her friendship with Warren Buffett and saying she had “great relations” with banks after the 9/11 attacks. And she jokes with Goldman CEO Lloyd Blankfein that he should leave the firm and start a soup kitchen if he wants to run for political office. Will any of this hurt her now?

Pepsi cutting sugar

Pepsi (PEP) is cutting back on sugar. The giant soft-drink maker says that by 2025 at least two-thirds of its drinks will have 100 calories or fewer from added sugars. Right now, less than half its drinks meet that criteria. To meet the goal, the company will introduce more zero and low-calorie drinks and reformulate existing beverages. Will this satisfy critics concerned about obesity and diabetes?