due month s chairman and ceo is stepping down after six years in the post and five months after winning that proxy battle against an activist investor. freeport trimming its board and reviewing strategic alternatives for its oil and gas businesses. pepsico lasting its full year outlook. first up, futures indicated near the flat line a day after the s&p saw a five-session winning streak. all the s&p sectors finished monday in the green led by industrials, up almost 3%. jim, from friday s low, the dow is up 762 points. this is a market where a lot of people were caught leaning the wrong way before this rally, carl icahn, very noted investor, sounded an alarm. i think people were short betting that the number would be strong on friday, and we would have this calamity that didn t develop. at the same time peoplecloses ye negative news out of china, and glencore was able go up large. took a breather, now the earnings start. it used to be alcoa. today it s pepsico. and if you
a year earlier. china s producer price index dropped more than 6%. 43rd straight month of declines. delaying it s plan amid market volatility and four of the five companies that have gone public priced offerings below their expected range. two ipos to watch today. first data and super market chain are both scheduled to price this afternoon but of course already starting to see cracks in the ipo market. we ll see where those two go. shares of sandisk jumping this morning. the flash memory company hired a bank to explore a sale of micron technology and western digital said to be in talks with sandisk. merger is going through. we ll talk about that. but is it the end or the beginning? we re getting closer to the end. but it s frothey. these are 60 and $100 million deals too, right? i would argue all being done by companies that have weak fundamentals and that s the scary part. the question though, they re slightly more rational than the deals at the real end of the bub
hearing from honeywell as well. a few reports of note, 9:15 eastern time industrial production and then at 10:00 it s consumer sentiment and the jolts report. that s the job earnings and labor turnover survey that s closely watched. big stories this morning, investors putting money to work in the latest week. the u.s. stock based mutual funds attracted $2.5 billion. this reversal following $8 billion of outflows during the prior week. also in global news a big test for greek s left wing prime minister today. a penalty for early retirement and expansion of property tax. cleveland fed president is addressing recent assent among policy makers. they have had different views on monetary policy in the last week. this isn t surprising and is the result of what she is calling cross currents in the economic data. she argues the central bank is trying to be as clear as it can on its rational for policy. esther, who is there? esther george was but loretta is an old name isn t
and the s&p 500 added 35 points. its fifth straight day of gains and its longest win streak of the year. all three of those major barometers are now out of so-called correction territory meaning they re now less than 10% off their most recent highs. one of the reasons for the blue chip surge was general electric. the widely held company found in many mutual funds and retirement plan offerings has a new big investor. triand fund manager run by the activist investor nelson peltz has accumulated a $2.5 billion stake in ge becoming one of the conglomerate s largest shareholders. the fund says ge shares are undervalued. and just look at the stock s performance over the past decade. shares of ge down about 20%. the s&p 500 has gained a little more than 60%. today shares of ge rose more than 5% on word of that trian stake. harry thompson has more on this big investment by a very big and influential investor. reporter: in a first for general electric the 1 123-year-old company is t
its fifth straight day of gains and its longest win streak of the year. all three of those major barometers are now out of so-called correction territory meaning they re now less than 10% off their most recent highs. one of the reasons for the blue chip surge was general electric. the widely held company found in and retirementds plan offerings has a new big investor. triand fund manager run by the activist investor nelson peltz has accumulated a $2.5 billion stake in ge becoming one of the conglomerate s largest shareholders. the fund says ge shares are undervalued. and just look at the stock s performance over the past decade. shares of ge down about 20%. the s&p 500 has gained a little more than 60%. today shares of ge rose more than 5% on word of that trian stake. harry thompson has more on this big investment by a very big and influential investor. reporter: in a first for general electric the 1 123-year-old company is targeted by an activist investor in the midst of c