Markets are closed on Monday, Jan. 15, for Martin Luther King Jr. Day. Monday is also the start of the annual World Economic Forum meeting in Davos, Switzerland—a gathering of glo🀅ba🔜l business and political leaders.

Markets reopen on Tuesday to another round of bank earnings, with Morgan Stanley (MS) and Goldman Sachs (GS) kicking off the week. Several housing-market indicators are scheduled to be released, including housing starts and 澳洲幸运5开奖号码历史查询:existing home sales. 

Federal Reserve Gov. Christopher Waller and Atlanta Fed President Raphael Bostic are scheduled to deliver remarks, while market watchers will get updates on U.S. retail sales, industrial production, and consumer sentiment, in addition to other 澳洲幸运5开奖号码历史查询:economic indicators throughout the week. 

On Friday, Congress faces a deadline to fund some U.S. government agencies. Lawmakers had reportedly reached a deal by Saturday evening to avert a partial 澳洲幸运5开奖号码历史查询:government shutdown, though it remained unofficial as of Sunday.

Monday, Jan. 15

• Markets closed for Martin Luther King Jr. holiday
• World Economic Forum meeting in Davos begins (Jan. 15 - Jan. 19)

Tuesday, Jan. 16

• Morgan Stanley (MS), Goldman Sachs (GS), and PNC Financial Services Group Inc. (PNC) release earnings
• Federal Reserve Gov. Christopher Waller delivers remarks

Wednesday, Jan. 17

• Prologis Inc. (PLD), Charles Schwab Corp. (SCHW), US Bancorp (USB), Kinder Morgan Inc. (KMI), and Discover Financial Services (DFS) report earnings
• U.S. retail sales (December)
• Import price index (December)
• Industrial production (December)
• Capacity utilization (December)
• Federal Beige Book

Thursday, Jan. 18

• Truist Financial Corp. (TFC), Fastenal Co. (FAST), PPG Industries Inc. (PPG), and M&T Bank Corp. (MTB) report earnings
• Initial jobless claims (Week ending Jan. 20)
• Housing starts (December)
• Building permits (December)
• Philadelphia Fed manufacturing survey (January)
• Atlanta Fed President Raphael Bostic speaks

Friday, Jan. 19

• Schlumberger NV (SLB), Travelers Cos. (TRV), Fifth Third Bancorp (FITB), and State Street Corp. (STT) report earnings
• Consumer sentiment (Preliminary January)
• Existing home sales (December)
• Partial federal government shutdown deadline

Bank Earnings Continue ✅With Morgan Stanley, Goldman Sachs

Following a disappointing end of the week for 澳洲幸运5开奖号码历史查询:some financial institutions, more national and regional banks will report earnings this week, starting with Morgan Stanley (MS) and Goldman Sachs (GS) when markets reopen on Tuesday. Goldman is looking to improve on a quarter in which its 澳洲幸运5开奖号码历史查询:profits shrank by a third, while Morgan Stanley also has been dealing with s🅘maller profits as mergers and initial public offerings slow. 

Charles Schwab (SCHW) and Discover Financial Services (DFS) earnings come on Wednesday, while M&T Bank Corp. (MTB) follows on Thursday, and Fifth Third Bancorp (FITB) and State Street Corp. (STT) on Friday. 

The reports come after a tough session for banks on Friday. Despite growing revenue, Wells Fargo & Co. (WFC) shares fell after it 澳洲幸运5开奖号码历史查询:forecast lower interest income in 2024. Bank of America (BAC) and JPMorgan Chase (JPM) both fell after reporting an FDIC special assessment, levied after last year's regional banking crisis, 澳洲幸运5开奖号码历史查询:cut into fourth-quarter earnings.

Congress Faces Spendܫing Deadline Friday as Shutdown Looms

Congress will have until Friday to resolve spending agreements for several government agencies, or else risk a partial government shutdown as some agencies go unfunded. Coming into the week, congressional leaders had reportedly reached a deal on short-term funding after agreeing earlier in the year to a top-line🌺 discretionary♚ spending cap of $1.66 trillion.

However, as of Sunday, the deal wasn't final, and Congress must still pass a bill before the Jan. 19 deadline. Another spending deadline will come on Friday, Feb. 2, when the remaining government spending agreements expire.

Meeting of World Economic Forum in Dav🀅os To Focus on AI, Global Conflicts

The 54th annual meeting of the World Economic Forum (WEF) in Davos, Switzerland will kick off on Monday and♛ continue through Friday, providing an opportunity for political and business leaders from around the world to meet on a host of issues.

The year’s meeting, titled “Rebuilding Trust,” will include participation from U.S. Secretary of State Antony Blinke🌺n, National Security Advisor Jake Sullivan, Frenc🎐h President Emmanuel Macron, and key Middle East leaders as tensions in that region continue to escalate. 

The meeting will feature sessions on renewable energy, 澳洲幸运5开奖号码历史查询:artificial intelligence (AI), cybersecurity, climate change, and semiconductor chip manufacturing, with scheduled panelists to include OpenAI Chief Executive Officer (CEO) Sam Altman, Salesforce CEO Marc Benioff, Pfizer CEO Albert Bourla,  Argentinian President Javier Milei, U.K. Finance Minister Jeremy Hunt, and European Central Bank President Christine Lagarde.

In a preview of the meeting, the WEF issued its 澳洲幸运5开奖号码历史查询:Global Risks Report 2024 last week, which showed 澳洲幸运5开奖号码历史查询:AI-fueled misinformation was the top concern for global leader☂s, especial🍷ly relating to election integrity and the democratic process.