McDonald's, Housing Data: What to Watch for the Week Ahead

For the week ahead, we note key earnings and economic data following the Martin Luther King Jr. holiday on Monday, January 19th when Wall Street gets a day off. Looking ahead to Wednesday, the World Economic Forum kicks off in Switzerland. More than 40 global business and political leaders will meet to discuss economic issues and current affairs. We also talk about three notable earnings to watch. Morgan Stanley (MS), General Electric (GE) and McDonald's (MCD) are gearing up to post their financial results this week. On the economic calendar, we look for the housing market index, housing starts, weekly jobless claims, and existing home sales numbers. TheStreet's Kurumi Fukushima reports from New York.