Goldman Sachs, CPI Data: What to Watch on Wall Street for Jan. 16

For Friday, January 16th 2015 we take a look at a couple of notable earnings and some key data to wrap up the week. More U.S. banks are scheduled to release their financial results. Goldman Sachs (GS) and PNC Financial Services Group (PNC) are both set to report before the market opens Friday morning. On the economic calendar, we note the consumer price index from the Labor Department, the industrial production index as well as the consumer sentiment level. We tell you why the consumer price index is forecast to drop for a second straight month. TheStreet's Kurumi Fukushima reports from New York.