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This Week: Construction spending, Disney earns, jobs report

The Associated Press
FILE - In this Wednesday, Nov. 13, 2019 file photo, a Disney logo forms part of a menu for the Disney Plus movie and entertainment streaming service on a computer screen in Walpole, Mass. Analysts predict the entertainment giant's fiscal first-quarter earnings declined from a year earlier, even as revenue increased. Investors will be listening for an update on the company's video streaming service, which launched in November. Disney serves up its results Tuesday, Feb. 4, 2020. (AP Photo/Steven Senne, File)

A look at some of the key business events and economic indicators upcoming this week:

ECONOMIC BELLWETHER

The Commerce Department issues its December snapshot of construction spending Monday.

Spending on construction projects rose a solid 0.6% in November as gains in homebuilding and government projects offset weakness in nonresidential construction. Economists project that construction spending increased by 0.5% in December.

Construction spending, monthly percent change, seasonally adjusted:

July 0.5

Aug. 1.1

Sept. 0.7

Oct. 0.1

Nov. 0.6

Dec. (est.) 0.5

Source: FactSet

MIXED RESULTS?

Wall Street expects that Disney's latest quarterly report card will show mixed results.

Analysts predict the entertainment giant's fiscal first-quarter earnings declined from a year earlier, even as revenue increased. Investors will be listening for an update on the company's video streaming service, which launched in November. Disney serves up its results Tuesday.

ALL ABOUT JOBS

Economists predict hiring in the U.S. rebounded in January after falling the previous month.

They expect the Labor Department will report Friday that nonfarm employers added 157,500 jobs in January. That would represent an increase from December, when the economy added 145,000 jobs. Recent gains show the job market remains solid, even if hiring and wage gains have slowed somewhat.

Nonfarm payrolls, monthly change, seasonally adjusted:

Aug. 219,000

Sept. 193,000

Oct. 152,000

Nov. 256,000

Dec. 145,000

Jan. (est.) 157,500

Source: FactSet