THE WEEK AHEAD...
Coming Monday
The Business section assesses the role that President Trump has played in the wave of announcements by companies to add or keep jobs in the U.S. Some economists doubt Trump’s tweeting has had a real effect, and instead executives are playing up decisions they would have made anyway. “It’s pure PR,” said one.
Irvine bank to post earnings
Banc of California will report earnings Monday, a week after the Irvine bank forced out Chairman and Chief Executive Steven Sugarman and disclosed that it is under investigation by the Securities and Exchange Commission. Bank leaders, including its new chairman and interim CEO, probably will face questions from analysts about governance and insider transactions.
Fed to hold 2-day meeting
Federal Reserve policymakers will meet Tuesday and Wednesday and are expected to hold their key short-term interest rate steady. The central bank raised its benchmark interest rate last month for only the second time since 2008, and Fed policymakers are projecting three small rate hikes in 2017. This is Chairwoman Janet L. Yellen’s f inal year as head of the Fed Board of Governors.
Public hearing set on gas site
Public hearings on reopening the Aliso Canyon natural gas storage field will be held Wednesday and Thursday at the Hilton Woodland Hills. The facility has been shut down since it experienced the worst methane leak in U.S. history in fall 2015. State regulators last week announced that Aliso Canyon is safe to reopen at a third of its original size. The meetings start at 5:30 p.m.
U.S. to release jobs report
On Friday, the Labor Department releases the January jobs report. Analysts expect continued steady growth of about 155,000 net new jobs, with the unemployment rate holding steady at 4.7%. If the forecast is right, it will be the 76th straight month of job creation and the longest stretch since record-keeping began in 1939, testing President Trump’s goal to boost job creation.