Companies start reporting Q4 earnings this week. The S&P 500 is expected to increase profits by 6.1% in the quarter. (Thomson Reuters).

The December average hourly wages climbed 10 cents to $26. That is a 2.9% annualized gain. The average work week was unchanged at 34.3 hours. (CNBC)

Investors bought $2.4 billion in U.S.-based stock funds last week. That is the second straight week of inflows. Taxable bond funds took in $1.2 billion during the week, following three straight weeks of withdrawals. (Lipper)

The British pound tumbled to $1.21 pounds to the dollar a two-month low. U.K. Prime Minister Theresa May said she is not interested in keeping "bits of membership" of the EU as part of their Brexit. (Reuters)

Yum China, spun off by its U.S. parent last year, is relaunching Taco Bell in China, after an almost 10-year absence. It opens a new Taco Bell in Shanghai today. (PR Newswire)

The iPhone celebrates its 10th birthday today.  (Mashable)

With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.