More Bank Earnings, China’s Growth and Sundance Without Weinstein

More Bank Earnings, China’s Growth and Sundance Without Weinstein


Orders for the superjumbo Airbus A380 have slowed recently.

Fabian Bimmer/Reuters

Here’s what to expect in the week ahead:


So Long, Smart Luggage

Starting Monday, several major airlines will no longer accept checked or carry-on bags with battery packs that cannot be removed. American Airlines was the first carrier to announce a ban on such so-called smart luggage, which poses a fire risk. Delta, Southwest, United and other domestic and international airlines soon followed suit. The new rules extend Federal Aviation Administration guidelines prohibiting the checking of spare lithium batteries and recommending that rechargeable devices be kept in carry-on bags. Zach Wichter


All Eyes on the A380

Airbus is scheduled to deliver an update on Monday about orders and sales from its commercial aircraft division, and investors hope to get some clarity on the future of the A380 superjumbo jet. Orders for the A380, a humongous double-decker, have slowed, and its fate may hinge on how many more of the jets Emirates, the Dubai airline that has been the biggest buyer of the plane, will take. Fabrice Brégier, president of Airbus Commercial Aircraft, is scheduled to brief reporters via webcast. Jack Ewing


Tax Bill’s Impact on 4 Big Banks

The quarterly earnings season rolls on, with reports this week from Citigroup (Tuesday), Bank of America and Goldman Sachs (Wednesday) and Morgan Stanley (Thursday). All four are expected to detail one-time charges taken in connection with the recently enacted tax overhaul, which forces banks to revalue some assets and repatriate cash from overseas. The first two big banks to report fourth-quarter earnings, JPMorgan Chase and Wells Fargo, revealed one-time hits of $2.4 billion and $173 million. Citi’s charge could be $20 billion. Emily Flitter


And the “Losers” Are …

Will President Trump proceed with his “Fake News Awards” on Wednesday as advertised? He first suggested a “FAKE NEWS TROPHY” on Nov. 27. Early this month, he wrote that the “MOST DISHONEST & CORRUPT MEDIA AWARDS OF THE YEAR” would happen at 5 p.m. on Jan. 8. But on Jan. 7, he wrote that the awards would be “presented to the losers” on Jan. 17. When Mr. Trump proposed the idea, he had yet to contend with the fallout from Michael Wolff’s “Fire and Fury: Inside the Trump White House”; media reports that, as president, he had used a vulgarity in discussing Haiti and African nations; and a Wall Street Journal report that his personal lawyer had paid an adult film star $130,000 to keep quiet about a sexual encounter she claimed to have had with Mr. Trump. He has not specified a time or setting for the awards “event.” Jim Windolf


Is Big Blue Bouncing Back?

IBM’s revenue, which has fallen for 22 consecutive quarters, will be the focus of attention when the big technology company reports its financial results on Thursday. Analysts say the decline may well have stopped in the most recent quarter, as the company navigates a challenging shift to new businesses like cloud computing and artificial intelligence. If so, does it signal a true turnaround — or is it merely a blip helped by strong sales of a new line of mainframe computers? Steve Lohr


Looking for Signs of a Shift in China

China could post flat or modestly higher growth figures when it reports its fourth-quarter and full-year economic results for 2017 on Thursday. That would not surprise China watchers, who have noted that the country’s headline economic figures have become implausibly stable in recent years. There may also be indications of what is to come this year. Now that an important leadership meeting has been completed, China may begin to shift its emphasis toward fixing some of its intractable financial, environmental and social problems and to temper its focus on growth. Carlos Tejada

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