June 13 - The producer price index is expected to edge up slightly, but not enough to question the Federal Reserve's QE program. And the mood of the consumer is expected to be relatively unchanged.
I'm putting mom and here's your countdown for the three big story union you know for Friday and third place Chesapeake Energy hold its first annual meeting without operating McClendon. The former CEO and co-founder left the company after a series of Reuters investigations led to civil and criminal probes. Robert Lawler of rival Anadarko Petroleum is set to take over as CEO on June 17 and will face questions about low natural gas prices and the company's thirteen billion dollar debt. Shares of Chesapeake are up nearly 27%. This year. In second place Smithfield Foods will report quarterly results but -- Christine. Is that they are not holding a conference call the only issue a press release because of the pending deal to be acquired by China's. On -- international. Look for any indication about the closing of the merger and approvals from regulators and government agencies. And finally investors will be digesting key market dot keep an eye on the Producer Price Index. An important inflation gauge even though analysts are expecting it to take up slightly. It won't be a cause for alarm for the Fed which sees inflation contained. In fact it may even support the argument for the Fed to maintain que me IMAX Christine Lagarde will also be in Washington talking about the health of the US economy. Follow us on Twitter at Reuters Insider and get more of our video that Reuters dot com slash raiders team. I'm -- mom this is yours.