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

Top stories today: The Federal Reserve Chairperson is expected to be named, Constellation Brands will invest in cannabis and Lennar is buying Calatlantic.

Fed 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 and Cannabis:

Constellation Brands (STZ) , 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 and Calatlantic:

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

Earnings Reports Today:

Mondelez International Inc. ( MDLZ - Get Report) , Angie's List Inc. ( ANGI - Get Report) , Dominion Energy Inc. ( DO - Get Report) and Level 3 Communications Inc. ( LVLT - Get Report) 

Watch More with TheStreet:

• America's Love for Pumpkins by the Numbers: Video
• Jim Cramer Kicks Off #CramerTeachIn for Investors at the Harvard Club
• Tesla Bulls: The Dumbest Thing On Wall Street

Don't miss the best videos of the week. Put Wall Street on Rewind and sign up for our weekly newsletter.