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Buckle in for a busy week filled with bellwether earnings reports, monetary policy decisions, and critical economic numbers. And that's not even counting the wrenches the Trump administration could throw into the mix.

Apple (AAPL) - Get Apple Inc. Report , the largest publicly traded company in the world, will report earnings on Tuesday afternoon in what has become a highlight of the reporting season. Its first quarter is one of its most critical with the results from the holiday-shopping season likely to boost profit and revenue.

Apple ended its fourth quarter in September with its first revenue decline in a fiscal year since 2001. The shock was mainly tied to declining sales of the iPhone. On the bright side, most analysts anticipate iPhone sales to begin to show growth again in the first quarter after declining for a year. Apple is expected to have sold roughly 76 million phones over the recent quarter, according to Bloomberg analysis.

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Also in tech and telecom earnings: Advanced Micro Devices (AMD) - Get Advanced Micro Devices, Inc. Report , Electronic Arts (EA) - Get Electronic Arts Inc. Report , Match Group (MTCH) - Get Match Group, Inc. Report , Sprint (S) - Get SentinelOne, Inc. Class A Report  and Xerox (XRX) - Get Xerox Holdings Corporation Report will report on Tuesday; Facebook (FB) - Get Meta Platforms Inc. Class A Report , IAC Interactive (IACI)  and Symantec (SYMC) - Get Symantec Corporation Report on Wednesday; and Amazon (AMZN) - Get Amazon.com, Inc. Report , GoPro (GPRO) - Get GoPro, Inc. Class A Report , Tableau Software (DATA) - Get Tableau Software, Inc. Class A Report  and Vodafone (V) - Get Visa Inc. Class A Report on Thursday.

Facebook is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells FB? Learn more now.

So far, one-third of S&P 500 companies have reported earnings with nearly 66% exceeding profits estimates. Average earnings for the S&P 500 in the fourth quarter are expected to increase 6.8% from the same period a year earlier, according to Thomson Reuters.

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In consumer goods, earnings are expected from: Coach (COH) , Harley-Davidson (HOG) - Get Harley-Davidson, Inc. Report , Mastercard (MA) - Get Mastercard Incorporated Class A Report , Under Armour (UA) - Get Under Armour, Inc. Class C Report  and UPS (UPS) - Get United Parcel Service, Inc. Class B Report  on Tuesday; Energizer (ENR) - Get Energizer Holdings, Inc. Report on Wednesday; Ralph Lauren (RL) - Get Ralph Lauren Corporation Class A Report , Chipotle (CMG) - Get Chipotle Mexican Grill, Inc. Report , Estee Lauder (EL) - Get Estee Lauder Companies Inc. Class A Report   and Visa (V) - Get Visa Inc. Class A Report on Thursday; and Clorox (CLX) - Get Clorox Company Report , Hershey (HSY) - Get Hershey Company Report , and Honda Motors (HMC) - Get Honda Motor Co. Ltd. Report on Friday.

In the health care and drugs sector, earnings are scheduled from: Aetna (AET) , Eli Lilly (LLY) - Get Eli Lilly and Company Report  and Pfizer (PFE) - Get Pfizer Inc. Report  on on Tuesday; Anthem (ANTM) - Get Anthem, Inc. Report on Wednesday; and Amgen (AMGN) - Get Amgen Inc. Report , AthenaHealth (ATHN) - Get Athena Technology Acquisition Corp. Class A Report , Cigna (CI) - Get Cigna Corporation Report  and Merck (MRK) - Get Merck & Co., Inc. Report on Thursday.

Anadarko Petroleum (APC) - Get Anadarko Petroleum Corporation Report  and Exxon Mobil (XOM) - Get Exxon Mobil Corporation Report  are two industrials and energy companies that will report earnings on Tuesday; Owens-Illinois (OI) - Get O-I Glass Inc Report  will report on Wednesday; Royal Dutch Shell (RDS.A) on Thursday; and Phillips 66 (PSX) - Get Phillips 66 Report on Friday.

Federal Reserve members will convene on Tuesday for a two-day meeting, culminating in an announcement on Wednesday afternoon about interest rates. Most economists don't expect a change to rates at this meeting, though the Fed's statement could shape expectations for the rest of the year.

"We believe the statement will reflect the view that the labor market is at or near full employment," Barclays analysts wrote in a note. "Regarding inflation, we look for a modest upgrade to reflect recent trends, but believe the committee sees this as mainly a mechanical passing of base effects from energy prices and currency movements."

Nonfarm payrolls for January will headline the economic calendar in the coming week. The U.S. jobs report is expected to show that the U.S. economy added 170,000 jobs to begin the new year and for the unemployment rate to hold at 4.7%. Average hourly earnings are expected to have risen 0.3%. 

Also on the economic calendar in the coming week: Personal income and outlays for December, and the pending home sales index for December will be released on Monday; Chicago PMI for January and consumer confidence for January on Tuesday; the ADP National Employment Report for January, the ISM Manufacturing Index for January, and construction spending for December on Wednesday; and factory orders for December and the ISM Non-Manufacturing Index for January on Friday. 

Of course, political actions could still make waves on Wall Street as they have since Donald Trump took the White House just over a week ago. In just his first week in office, Trump has railed against the media, called into question the legitimacy of voting systems, and ignited a potential trade war with Mexico. Trump is expected to name his Supreme Court nominee on Thursday.