Here are five things you must know for Monday, Aug. 20:

1. -- Stocks Rise Ahead of Trade Talks, Fed's Powell

U.S. stock futures rose on Monday, Aug. 20, following their European and Asian counterparts higher, as investors awaited trade talks between the U.S. and China later this week and a meeting of central bankers.

Contracts tied to the Dow Jones Industrial Average I:DJI  were up 59 points, futures for the S&P 500 I:GSPC  rose 5.55 points, and Nasdaq I:IXIC futures gained 23.75 points.

Investors this week will look to a speech from Jerome Powell, chairman of the Federal Reserve, who will speak at the Jackson Hole Central Banking Symposium on Friday, Aug. 24. Powell reportedly will be discussing the economy and monetary policy when he gives his speech at Jackson Hole, Wyoming.

The Fed this week also will release minutes from its July 31-Aug. 1 Federal Open Market Committee meeting.

Meanwhile, a delegation led by China's vice commerce minister, Wang Shouwen, will conduct two days of talks in Washington starting on Wednesday.

2. -- It's a Big Earnings Week for Retailers

For Monday, the economic calendar in the U.S. is bare.

Estee Lauder Cos.  (EL) - Get Report posted fiscal fourth-quarter adjusted earnings of 61 cents a share on sales of $3.3 billion. Analysts expected earnings of 56 cents on revenue of $3.26 billion.

The cosmetics maker said it expects fiscal first-quarter adjusted profit of $1.18 to $1.22 a share and sales in the period to rise 5% to 6%. The stock fell 0.4% in premarket trading.

Later this week, a host of retailers such as Target Corp. (TGT) - Get Report , Kohl's Corp. (KSS) - Get Report , Gap Inc. (GPS) - Get Report , TJX Cos. (TJX) - Get Report and Foot Locker Inc. (FL) - Get Report , are scheduled to issue earnings reports.

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3. -- PepsiCo to Buy SodaStream for $3.2 Billion

PepsiCo Inc. (PEP) - Get Report said Monday it purchased Israel-based SodaStream International Ltd. (SODA) - Get Report  for $3.2 billion.

PepsiCo agreed to pay $144 per Sodastream share, which represents an almost 11% premium to SodaStream's closing price on Friday, Aug. 17, to gain control of the company's in-home soda technology. PepsiCo said the price represented a 32% premium to the 30-day volume weighted average.

SodaStream jumped 10% in premarket trading to $142.90. 

The deal is expected to close in January 2019.

The acquisition is PepsiCo's largest in eight years and marks a last hurrah for CEO Indra Nooyi, who earlier this month said she would step down as CEO in October and remain chairman until early 2019. She will be replaced by company insider Ramon Laguarta, who ran the company's Europe Sub-Saharan Africa division before being elevated to president last year.

"SodaStream is highly complementary and incremental to our business, adding to our growing water portfolio, while catalyzing our ability to offer personalized in-home beverage solutions around the world," the CEO-elect said in a statement.

Rumors that PepsiCo would go after the in-house soda maker have followed the company all the way back to 2013, when PepsiCo denied it had held talks with the Israel-company.

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4. -- Saudi Arabia's PIF Could Fund Tesla Rival - Report

PIF, the Saudi Arabian sovereign wealth fund that Tesla Inc. (TSLA) - Get Report CEO Elon Musk said could help him fund a $72 billion deal to take his electric vehicle maker private, is in talks with a Tesla rival, people familiar with the matter told Reuters.

PIF and Lucid Motors Inc. have drawn up a term sheet under which PIF could invest more than $1 billion in Lucid Motors and obtain majority ownership, the sources told Reuters. PIF's first investment in Lucid Motors would be for $500 million, and subsequent cash injections would come in two stages that are contingent on Lucid Motors hitting certain production milestones, one of the sources told Reuters.

Musk said earlier this month he was considering taking Tesla private for $420 a share and added that funding was "secured." Last week, Musk said he believed Saudi Arabia's PIF could provide the necessary funding, although sources close to the sovereign wealth fund have played down that prospect, according to Reuters.

Separately, Elon Musk, responding to a blog post from Arianna Huffington that encouraged the CEO to get more sleep (Musk said in an interview he was working 120 hours a week), tweeted around 2:30 a.m. on Sunday, Aug. 19: "Ford & Tesla are the only 2 American car companies to avoid bankruptcy. I just got home from the factory. You think this is an option. It is not."

5. -- 'Crazy Rich Asians' Wins the Weekend Box Office

"Crazy Rich Asians" debuted at No. 1 in North American theaters this weekend, surpassing industry expectations and beating out action movie "Mile 22."

Warner Bros., which is owned by AT&T Inc. (T) - Get Report , estimated that the film earned $25.2 million over the weekend and $34 million since its opening Wednesday. It $30 million to produce.