👔 Welcome to our Business feed where we Tag important topics and Flag key takeaways from the world of finance. 📭 Sign up to our finance specific newsletter, The Street Sheet, to have these stories delivered directly to your inbox every Sunday. 📷 Cover Photo: the Davos World Economic Forum begins in Switzerland.
MONDAY: Both the New York Stock Exchange and the Nasdaq exchange are closed for Martin Luther King Jr. Day. In light of that, there are no major U.S. economic reports scheduled. That being said, it’s another busy week for fourth-quarter earnings, “rate-setters in many countries will hold their first policy meetings of 2020”, and the Davos World Economic Forum begins in Switzerland.
TUESDAY: President Donald Trump will be in Davos, Switzerland and will give a speech today. Back home all eyes will be on Netflix who releases fourth-quarter results today. MarketWatch notes that investors will be focused on “whether the November debuts of inexpensive streaming services from Apple and Walt Disney chipped away at Netflix’s market leadership.” IBM, Haliburton, Capital One, TD Ameritrade, United Airlines also report.
WEDNESDAY: Today the existing home sales and FHFA home prices reports will shine a light on the housing sector. Johnson and Johnson, Abbott Labs, Citrix, Raymond James, SLM, Bancorp South, Baker Hughes, Northern Trust, Texas Instruments, Fifth Third, Comerica, all report earnings.
THURSDAY: Initial claims – an employment report that measures the number of new jobless claims filed by individuals seeking to receive unemployment benefits – is released this morning. Both before and after the bell Procter and Gamble, Intel, Union Pacific, American Airlines, Comcast, Keycorp, Kimberly Clark, Huntington Banchshares, Southwest, Travelers, ETrade, JetBlue, Discover Financial, Intuitive Surgical, and Skyworks report earnings.
FRIDAY: Manufacturing PMI and Services PMI are released in the morning. Both reports aim to summarize “whether market conditions are expanding, staying the same, or contracting.” American Express, Raytheon, Air Products, Synchrony Financial, and NextEra Energy report earnings.