Oil giants, pharmaceutical companies and more will reveal their third-quarter earnings results Friday, starting with ExxonMobil (XOM) - Get Report , Chevron (CVX) - Get Report , Phillips 66 (PSX) - Get Report , CVS Health (CVS) - Get Report and AbbVie (ABBV) - Get Report .
Also on tap as earnings season continues: Anheuser-Busch InBev (BUD) - Get Report . When the world's largest brewer reports results, analysts are expecting to hear the company earned $1.26 a share on revenue of more than $11.5 billion. Both its top and bottom line are expected to drop from the same quarter last year, when AB InBev earned $1.42 a share on revenue of $12.24 billion. But TheStreet's Scott Berman, portfolio analyst for Action Alerts PLUS, said that the thing investors should be most focused on is the proposed deal that the company has out there for U.K.-based SABMiller (SBMRY) . Earlier this month, Belgium-based AB InBev offered to acquire SABMiller for about $103.95 billion, but InBev may not issue its formal bid before a Nov. 4 deadline, according to The Wall Street Journal.
"In the quarter specifically, investors are definitely going to need to watch AB InBev because of its global nature and the weak currencies across the world," Berman said. "Now Brazil, which is one of their core markets, has a very weak currency right now and that should definitely show up when the company reports on Friday."
In addition, there are a few events to note on the economic calendar. The report on personal income and outlays comes out at 8:30 a.m. ET, followed by the employment cost index, Chicago PMI and consumer sentiments. Also, San Francisco Fed President John Williams will speak at an at event hosted by the Brookings Institution in Washington, D.C., at 10 a.m. and Kansas City Fed President Esther George will be speaking in her city at 11:25 a.m.