Next Week's News Today (Beyond the Inauguration Edition: Treasury Confirmation, TARP, and Bank Earnings)

So, if it's Thursday, then it's time for Next Week's News Today where we publish our own futures calendar of earnings, reports, hearings and political events which will either drive the news, or deserve more attention. Last week we were correct to point out a few choice economic reports that would drive both the market and coverage (think Beige Book, unemployment and retails sales), as well as earnings for financial institutions, and we were correct to say that the House Financial Services Committee Chairman, Rep. Barney Frank's, new legislation to change TARP would garner a great deal of attention.

This coming week is clearly all about the inauguration. However, look for the stimulus package to be an undercurrent for all the economic reporting out of Washington, DC. In fact, now that the first drafts of details are out - the debate will go through the weekend leading up to the inauguration, and beyond. Additionally, Chairman Frank's legislation to amend TARP will get a look at by both the House (a vote) and the Senate next week. We hear that it will not get passed in the Senate in same form as in the House.

Also of note this coming week is the rescheduled confirmation hearing for Treasury Secretary nominee Timothy F. Geithner (1/21). That will obviously get media attention. We do caution that you check back to WhyYouCare.com for updates on scheduling.

Here's why you care about next week's trends in earnings and reports:

Earnings: After JP Morgan and Citi news this week, look for Bank of America earnings on Tuesday (1/20) to get lots of attention. BUT, we'd also like to note that a number of other financial institutions are reporting next week (like this week), that will create lots of coverage. Many of the names below are regional financial institutions.

Earning Redux: There's another notable pattern in earnings next week - big name tech stocks: IBM (1/20); AMD, Apple, Google, and Microsoft (1/22) to just name a few. Given Apple's current headlines, look for more.

Interesting Earning Story: Harley-Davidson - how does a niche company do in a recession?

Reports: Building Permits, Housing Starts, and Initial Unemployment Claims all on 1/22.

Notable events: Geithner's hearing currently listed for 1/21

As always notable earnings, events, and reports are below:

MONDAY 1/19 - Martin Luther King Day


TUESDAY 1/20 - Inauguration.
Earnings: Bank of America; CSX Corp.; Forest Labs Inc.; Hancock Holding Corp.; IberiaBank Corp.; IBM; Johnson & Johnson; Pinnacle Financial Partners; Regions Financial Corp.; State Street Corp.; Suncor Energy Inc.; TD Ameritrade


WEDNESDAY 1/21
Earnings: Abbott Labs; AMBAC Financial Group; Ameripirce Financial; Applied Micro Circuits; Citrix Systems; Coach; Emergen; Philip Morris International; Seagate Tech, SLM Corp; US Bancorp

Confirmation Hearing: Senate Finance Committee holds confirmation hearing for Treasury Secy. Nominee, Timothy Geithner, 10a ET.

Hearing: Senate Homeland Security and Governmental Affairs Committee holds hearing on"Where Were the Watchdogs? The Financial Crisis and the Breakdown of Financial Governance," 10a ET.


THURSDAY 1/22
Earnings: Advanced Micro Devices; AMCORE Financial; Apple; Bank of New York; BB&T Corp.; BlackRock; CIT Group; Con Edison; Firth Third; First Commonwealth; Ford; Google; Hershey Foods; Huntington Banc; Janus Capital; KeyCorp; Lockheed Martin; Knight Capital Group; M&T Bank; Microsoft; Nokia; Northrop Grumman; Sherwin-Williams; Southwest Airlines; Suntrust Banks; Union Pacific; United Health; US Airways; Varian

Economic Reports: Building Permits (for Dec.); House Starts (for Dec.); Initial Unemployment Claims (for 1/17)


FRIDAY 1/23
Earnings: Harley-Davidson; MB Financial Inc.; Webster Financial Corp.; Xerox

Speech: National Press Club, 12:30p ET, Senate Minority Leader Mitch McConnell re: Congressional agenda.