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Wall Street edgy after powerful Nov start

IN THE NEWS TODAY

U.S. stock futures were lower this morning, after November got off to a rousing start, with the Dow joining the S&P 500 and Nasdaq in positive territory for the year. All three measures are coming off their best closes in nearly three months. (CNBC)

Sprint (S) this morning missed on the top and bottom lines. Discovery (DISCA) beat on earnings, missed on revenue, and increased its buyback authorization by $2 billion. Among this afternoon's after-the-bell earnings are CBS (CBS) and Tesla (TSLA). (CNBC)

Activision Blizzard (ATVI) has agreed to buy Candy Crush Saga creator King Digital (KING) for $5.9 billion in cash. Separately, Activision reported earnings well-above expectations. (Reuters)

Walgreens Boots Alliance (WBA) would be willing to divest as many as 1,000 stores in order to win approval to buy rival Rite Aid (RAD). Walgreens, however, doesn't expect to have to sell more than 500 stores. (AP)

Valeant (VRX) sent a letter to doctors, seeking to reassure them about its business practices in the wake of controversy over its relationship with specialty pharmacy Philidor, which decided to close. (Reuters)

An executive at Taco Bell, a unit of Yum Brands (YUM), has lost his job with the fast food chain after being caught on video in a violent incident with an Uber driver in California. (CNBC)

Amazon (AMZN) is opening its first actual bookstore in Seattle today. Separately, the e-commerce giant is adding paternity leave to its employee benefits, plus more paid time off for mothers. (NY Times)

Alphabet's (GOOGL) Google has given up on plans to open its first ever physical store in New York City. The move was an apparent bid to match the retail operations of Apple (AAPL) and Microsoft (MSFT). (Crain's)

Airbnb is expanding its partnership with American Express (AXP) in a move to enable guests, who are also cardholders, to better leverage their loyalty rewards benefits within the home sharing service. (Venture Beat)

Volkswagen shares were sharply lower today, after U.S. regulators widened their accusations of emissions test cheating to include larger diesel engines used mostly in Porsche and Audi models. (Reuters)

Calgary-based TransCanada (TRP) has requested a pause in the U.S. State Department review of its Keystone XL oil pipeline based on its application to Nebraska regulators for a preferred route through the state. (Reuters)

After less than a year, the investment firm of billionaire George Soros has pulled its $500 million from a Janus bond fund managed by Bill Gross, because of poor returns. (WSJ-subscription)

Chief executive officers are less confident about economic conditions in every major region across the globe, according to a quarterly survey of top business executives. (CNBC)

With one year until the presidential election, Ben Carson has surged into the lead for the GOP nomination, getting 29 percent support, according to a new NBC News/Wall Street Journal poll. (NBC News)

Ohio voters are deciding today whether to legalize the recreational use of marijuana. If approved, the state would join Alaska, Colorado, Washington, Oregon, and the District of Columbia. (Reuters)

BY THE NUMBERS

U.S. automakers release monthly vehicle sales throughout the morning. Overall, analysts expect the figures to show the best October sales since 2001, with double-digit percentage gains for Ford (F), General Motors (GM), and Fiat Chrysler (FCAU).

The government releases September factory orders at 10 a.m. ET, with economists expecting a 1.0 percent drop, compared to a decline of 1.7 percent in August.

It's a big week for central bank-speak, with tomorrow bringing Fed Chair Janet Yellen to Capitol Hill and New York Fed President William Dudley out for a news briefing on the economy.

Investors are also looking ahead to Friday morning, when the government issues the October employment report, which could figure into whether the Fed raises interest rates in December.

STOCKS TO WATCH

Despite beating on the top and bottom lines, Fitbit (FIT) shares were under pressure, after lifting stock sale lockup restrictions earlier than scheduled and announcing a secondary offering of 21 million shares.

AIG (AIG) reported earnings and revenue well below expectations, blaming volatile global markets and lower income from investments. The insurance giant also plans to cut a number of upper management jobs.

Allstate (ALL) issued a strong beat on earnings and an estimate match on revenue. The insurer said it was helped by higher premium income and a decline in catastrophe losses.

Tenet Healthcare (THC) and Community Health Systems (CYH) both reported a slump in quarterly profits compared to a year earlier, with the hospital operators impacted by slowing insurance enrollment.

Avis Budget (CAR) missed on earnings, with revenue basically in-line with estimates. The car rental company also cut its full-year earnings outlook, due in part to the negative effects of the stronger dollar.

L Brands (LB) increased its guidance for current quarter earnings, after reporting a 5-percent increase in comparable store sales. The parent of Victoria's Secret and Bath & Body Works holds an investor meeting today.

WATERCOOLER

Victoria's Secret has unveiled its much-anticipated $2 million Fantasy Bra — set to be on the runway at the lingerie company's annual fashion show next week. (CNBC)

Is your sex life in a need of a little ... connectivity? Several companies think they have the answer in the way of sex toys that can be controlled from smartphones. (CNBC)