Indra Nooyi, longtime leader of Pepsico, announced Monday she is stepping down as the companies’ chief executive and will hand the reigns over to one of her lieutenants. Ms. Nooyi, steered the maker of Mountain Dew, Gatorade, and Doritos chips for over a decade navigating the company through the changing landscape of the industry. She pushed PepsiCo far beyond its cola roots, expanding the company into hummus,kombucha, and other healthier products. Ms. Nooyi, will leave her role as CEO, effective October 3 and her position of Chairman of the Board in early 2019. Ramon Laguarta, a 22-year PepsiCo veteran will take over as the company’s CEO.
Facebook wants your financial data. According to a report in The Wall Street Journal, the social media giant has asked the largest banks in the land to share detailed financial information about their customers, including card transactions and checking-account balances all in an effort to offer new services to users. Facebook’s goal is a lofty one consider the PR nightmare it recently faced over user’s privacy concerns. Banks on the other hand, have made the protection of customer’s information one of their top priorities.
Asia: Asian stocks closed higher on Tuesday after a positive handoff from Wall Street.
Europe: European shares closed lower on Monday after corporate earnings disappointed.
U.S: U.S markets closed up on Monday lifted by solid earnings reports. DJIA: +39.60 25,502.18 NASDAQ: +47.66 7,859.68 S&P: +10.05 2850.40
Word of The Day:
NASDAQ 100 Index
An index composed of the 100 largest, most actively traded companies on the NASDAQ stock exchange. The index includes companies from a broad range of industries with the exception of those in the financial industry, such as banks.
Dinner or Drink:
Big D’s Tea
1 cup Everclear® alcohol
1 cup gin
1 cup vodka
1 cup triple sec
1 cup peach schnapps
3 sweet and sour mix
1 splash Coca-Cola®
Add more coke if its to strong. Add other flavors such at Raspberry, Strawberry, etc.