For Wednesday, July 8 TheStreet highlights one company scheduled to report its latest quarterly financial results as well as the key economic data to watch on Wall Street. The new earnings season unofficially kicks off with financial results from Alcoa (AA) after the market closes. The aluminum giant is scheduled to reports its second quarter earnings. Alcoa is expected to post a rise in earnings from last year. Wall Street analysts are calling for a profit of 23 cents a share on revenue of $5.79 billion for the latest quarter, according to data by Thomson Reuters. On the economic calendar, we point out key data including the MBA mortgage applications, the EIA petroleum status report, and the FOMC meeting minutes from the June policy meeting. TheStreet's Kurumi Fukushima reports in New York.