which is expected to ease slightly to 6.1% versus 6.4% the prior month. Still, way above the Fed's 2% inflation target.
Caterpillar's CEO, Jim Umpleby, will conduct a fireside chat at CONEXPO-CON/AGG, billed as the largest gathering for construction and related industries which occurs once every three years. Shares of CAT are down 5% so far this year, trailing S&P 500 which is little changed after last week's selloff. Caterpillar Inc. excavators are displayed for sale at the Whayne Supply Co. dealership in Louisville, Kentucky, Monday, Jan. 27, 2020.
Also on Tuesday, AMC Entertainment will conduct a special shareholders meeting to vote on a proposal to convert APEs, which created controversy and triggered a shareholder lawsuit, into common shares.BIDEN 2024 BUDGET PROPOSAL BRINGS US ECONOMY BACK TO 'HORRIFIC' JIMMY CARTER ERA: TAX REFORM ADVOCATE
Shareholders will vote on a plan to raise the number of authorized shares and a proposal for a reverse 10-for-1 stock split, which would allow APE shares to convert to common stock. The outcome of the vote will take effect after an April 27 court hearing on a shareholder lawsuit about the plan.
WAIT AND SEE IF ANY OTHERS WILL FAIL NEXT WEEK