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Fed Chair Announcement, Beer and Cannabis: Monday's Top Stories

Jane King has today's top stories:

The Federal Reserve Chairperson To Be Named:

Lots of key events are planned this week. We expect a Federal Reserve Chairperson to be named, tax reform is moving through Congress, the Labor Department will release the October jobs report Friday and President Donald Trump leaves for a trade mission to Asia.

Constellation Brands Will Invest in Cannabis:

A big alcoholic beverage company is making a play in cannabis. Constellation Brands (STZ - Get Report) , owner of Corona beer and others will invest $200 million in Canopy Growth, a Canadian marijuana company. Canopy Growth is the world's largest publicly traded cannabis company.

Lennar Is Buying Calatlantic:

Lennar (LEN - Get Report) is buying Calatlantic (CAA - Get Report) for $9.3 billion. The deal will create the nation's largest home builder with an estimated annual revenue of $18 billion. It's a stock and debt deal. It is still subject to approval by both company's shareholders.

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