Markets open on Tuesday, with Morgan Stanley (MS) and Goldman Sachs (GS) set to kick off bank gains。A number of housing market indicators will also be released this week, including residential starts and existing residential sales data。

The Fed's Christopher Waller and Atlanta Fed Chairman Rafael Bostic will speak, while market watchers will learn about economic indicators such as U.S. retail sales, industrial production and consumer confidence。

On Friday, Congress faces funding deadlines for some government agencies。Lawmakers reportedly reached an agreement late Saturday to avert a partial government shutdown, but as of Sunday it had not been formally confirmed.。

Important dates and events:

-- Monday (1 / 15): Martin Luther King's Day, markets close; Davos starts (1 / 15-1 / 19)。

- Tuesday (1 / 16): Morgan Stanley (MS), Goldman Sachs (GS), PNC Financial Group (PNC) report profits; Federal Reserve Waller speaks。

- Wednesday (1 / 17): Prologis Inc.(PLD), Charles Schwab (SCHW), United Bank of America (USB), Kinder Morgan Inc.(KMI) and Discover Financial Services (DFS) post earnings; economic data such as US retail sales (December), import price index (December), industrial production (December)。

- Thursday (1 / 18): Truist Financial Corp.(TFC), Fastenal Co.(FAST), PPG Industries Inc.(PPG) and M & T Bank Corp.(MTB) posted earnings; economic data such as initial unemployment benefits (up to 1 / 20th week), housing starts (December)。

- Friday (1 / 19): Schlumberger NV (SLB), Travelers Cos.(TRV), Fifth Third Bancorp (FITB) and State Street Corp.(STT) Announces Earnings; Consumer Confidence Index (Preliminary January), Existing Home Sales (December); Funding Deadline for Some Federal Agencies。

Bank earnings reports continue, Morgan Stanley and Goldman start first

After a disappointing week last week for some financial institutions, more national and regional banks will report earnings this week, with Morgan Stanley (MS) and Goldman Sachs (GS) taking the lead from Tuesday's market reopening.。Goldman is trying to improve on a one-third slide in its quarterly profit, while Morgan Stanley has also been facing smaller profits amid a slowdown in mergers and acquisitions and initial public offerings.。

Earnings reports from Charles Schwarb (SCHW) and Discover Financial Services (DFS) are due on Wednesday, while M & T Bank (MTB) will report on Thursday, Fifth Third Bank (FITB) and State Street Corp..(STT) will report on Friday.。

The reports come in the wake of last week's bank woes。Wells Fargo (WFC) shares fall after predicting lower interest income in 2024 despite revenue growth。Bank of America (BAC) and JPMorgan Chase (JPM) also fell after reporting an FDIC special assessment of the impact on fourth-quarter earnings following last year's regional banking crisis.。

Congress faces funding deadline, government shutdown risk continues to rise

Congress must resolve spending deals for multiple government agencies by Friday or risk a partial government shutdown as some agencies will be unable to get funding.。Heading into the week, congressional leaders reportedly agreed at the beginning of the year to cap balance-spending at 1.After $66 trillion, an agreement has been reached on short-term funding。

However, as of Sunday, the agreement had not been finalized and Congress still had to pass the bill by the January 19 deadline.。Another spending deadline will come on Friday, February 2, when other government spending agreements expire.。

World Economic Forum in Davos Focuses on Artificial Intelligence and Global Conflict

The 54th World Economic Forum (WEF) in Davos will begin on Monday and run through Friday, providing an opportunity for political and business leaders from around the world to discuss multiple issues.。

This year's theme, "Rebuilding Trust," will involve U.S. Secretary of State Anthony Blinken, National Security Adviser Jack Sullivan, French President Emmanuel Macron, and key leaders in the Middle East, where tensions continue to rise.。

The Forum will hold sessions on renewable energy, artificial intelligence, cyber security, climate change and semiconductor chip manufacturing, with scheduled presentations.

Guests include OpenAI CEO Sam Altman, Salesforce CEO Mark Benioff, Pfizer CEO Albert Brara, Argentine President Javier Miley, British Chancellor of the Exchequer Jeremy Hunt and European Central Bank President Christine Lagarde.。In a preview of the forum, the WEF released its 2024 Global Risks Report last week, showing that AI-fueled misinformation is a top concern for global leaders, particularly as it relates to election integrity and democratic processes.。