It will be another busy week for investors with a plethora of blue chip and big tech earnings on tap, as well as first quarter GDP and the ongoing battle over the nation's debt limit.
The stock market closed higher on Friday but ended the week with modest losses.
In Washington, House Speaker Kevin McCarthy, R-Calif., plans to bring the GOP debt limit bill to a vote this week heating up political tensions in a race to avoid default on America's debt.
FOX Business breaks down other events likely to move financial markets in the coming days.
On Monday Disney will conduct its second round of job cuts, with a third already on the horizon. Its ESPN unit will also be conducting cuts in talent and management.
The cost-cutting comes after CEO Bob Iger returned to the helm after the dismissal of Bob Chapek.
Monday will also see public comments close for the Federal Trade Commission's Guide for the Use of Environmental Marketing Claims. The FTC has been looking for input on what marketing claims companies can make about their products and what defines compostable, degradable and other terms companies use to market their products.
In earnings, Coca-Cola and First Republic Bank will report before the opening bell. The regional bank has been hard hit after the collapse of Silicon Valley Bank, and the results will provide a fresh update on its stability.
Earnings after the bell will include Ameriprise Financial and Whirlpool.
Economic data will include the Chicago Fed national activity index and the Dallas Fed manufacturing business index; both are forecast to show a further decline.
On Tuesday, Japan’s ispace will attempt to be the first private company to land on the moon.
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Earnings before markets open will include General Electric, General Motors, JetBlue, McDonald’s, Raytheon Technologies, UPS and Verizon.
After the bell Google parent company Alphabet, Boston Properties, Chipotle Mexican Grill, Microsoft, Texas Instruments and Visa will report.
It will also be a busy day for economic data, including, building permits (revised), the FHFA monthly home price index, the Case-Shiller home price index, consumer confidence, and new home sales.
In San Francisco, the arraignment for the suspect who allegedly murdered Cash App founder Bob Lee will take place.
The National Artificial Intelligence Advisory Committee (NAIAC), which was established in 2020 to advise the president on AI, will release its first report and recommendations today.
Read FOX Business' comprehensive reporting on artificial intelligence here.
Earnings before markets open include Boeing, General Dynamics, Hilton Worldwide Holdings, Norfolk Southern, and potentially embattled Bed Bath & Beyond.
After the bell, eBay, Mattel, Facebook's Meta and Spirit Airlines report.
Wednesday's economic data will include MBA Mortgage applications, durable goods and EIA weekly crude stocks.
Pfizer, which accounted for almost a quarter of biopharma industry spending in 2022, will host their annual meeting on Thursday. The company has offered to buy cancer drugmaker Seagen for $45 billion, which is the biggest industry buyout since the AbbVie and Allergan deal in 2019. Analysts say the Seagen deal will likely face regulator scrutiny.
Thursday's investors will keep their finger on the pulse of the hearing about AMC’s plan to dilute its shares through preferred equity (APE shares). The case has been brought by common stockholders.
Earnings in the morning will include American Airlines, Caterpillar, MasterCard, Merck, Northrop Grumman and Southwest Airlines.
After the bell Activision Blizzard, Amazon, Intel, L3Harris Technologies, Snap and T-Mobile US will report.
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Thursday's economic data will include an advance read of first quarter GDP, which is expected to show the U.S. economy grew 2%, a drop from the 4Q's 2.6% rise.
Also, weekly initial jobless claims, NAR pending home sales and the Kansas City Fed's manufacturing index will be released.
JetBlue will make a second prepayment to Spirit Airlines shareholders of $0.10 per share despite the ongoing lawsuit by the Department of Justice which aims to block the transaction, saying the deal could reduce competition, causing higher ticket prices.
Earnings on Friday morning will include Outback Steakhouse's parent company Bloomin’ Brands, Charter Communications, Chevron, Colgate-Palmolive and Exxon Mobil.
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Economic data rounding out the week will include personal income, personal consumption, ECI employment wages, the Chicago PMI, the University of Michigan's consumer sentiment index (final), and the Dallas Fed's PCE.
Jessica MacKenzie contributed to this story.
