With markets focused on today's events in Washington, culminating with Trump's inaugural speech, here’s a look at the key scheduled events for Friday, Jan. 20 (all times Eastern).

What to Watch

Inauguration of President-elect Donald Trump at U.S. Capitol

Friday is a holiday for federal workers in the Washington area, economic data will be delayed

Possible Trump executive actions

Senate confirmation votes on Cabinet nominees

White House

9:45am: President Obama and first lady Michelle Obama host Trump and wife Melania for a tea and a small reception; depart White House for U.S. Capitol at 10:30am

1:10pm: Obama delivers remarks at Joint Base Andrews farewell event

1:40pm: Obama departs Joint Base Andrews for Palm Springs, Calif.

Official Inauguration Events

7am: Presidential Inaugural Prayer Breakfast; Trump International Hotel, Old Postal Pavilion Building, 1100 Pennsylvania Ave. NW

8:30am: Trump and Vice President-elect Mike Pence to attend worship service hosted by Joint Congressional Committee on Inaugural Ceremonies; St. John’s Episcopal Church, 16th and H Streets NW

11:30am: Inauguration ceremony begins at West Front of Capitol

Noon: Trump takes oath of office

12:30pm: Inaugural luncheon for members of Congress at Capitol

3pm: Inaugural parade begins

7pm: Presidential Inaugural Committee holds “Commander in Chief’s Ball”; Walter E. Washington Convention Center, 801 Mount Vernon Place NW

7pm: Presidential Inaugural Committee hosts “Salute to Our Armed Services Ball”; National Building Museum, 401 F St. NW

Commentary on Trump's Speech

"All eyes will be on the content and style of Trump's inauguration speech," Morgan Stanley's Hans Redeker wrote in a note. "The more 'Presidential' this speech comes across, the better the outcome for markets."

"[Trump is] likely to talk about job creation and unifying the U.S. and we may have to wait a bit longer for details on economic measures," said Natixis fixed income strategist Cyril Regnat.

“It’s clear that investors have reached a level where they are prepared to wait and see what the Trump administration has to offer,” said Ric Spooner, chief market analyst at CMC Markets Asia Pacific Ltd. in Sydney.

Trump’s inauguration ceremony “will be followed by a speech that will be carefully decoded by those looking for signs of things to come in the new U.S. administration, an exercise that amounts to political astrology in an era characterized by a shakeup of the old rules of the game,” Citigroup’s chief global political analyst Tina Fordham wrote in note

Congress

Senate to hold confirmation votes on some Cabinet nominees

Democratic leader Chuck Schumer told reporters Thursday that Trump’s selection of retired Gen. James Mattis as secretary of Defense and retired Gen. John Kelly as secretary of Homeland Security will be considered

3pm: Congressional Hispanic Caucus holds news conference with House Democratic leaders on immigration policy; 421 Cannon House Office Building

Other Events and Protest Activity

7am: Code Pink holds rally outside of Trump International Hotel; Old Postal Pavilion Building, 1100 Pennsylvania Ave. NW

9:30am: Occupy Wall Street, Green Party, Code Pink hold protest at McPherson Square; 14th and I Streets NW

10am: Bikers for Trump holds inauguration rally at John Marshall Park; Pennsylvania Ave. NW, between 4th and 5th

7pm: National Museum of the American Indian holds “Native Nations Inaugural Ball”; Independence Ave. and 4th St. SW

8pm: National Portrait Gallery and Smithsonian American Art Museum hold “The Great Gatsby Presidential Inaugural Ball”; National Portrait Gallery, 8th and F Streets NW

8pm: NAACP’s Youth and College Division holds “Stay Woke and Fight People’s Inaugural Ball”; Vieux Carre, 1413 K St. NW

9pm: The Creative Coalition holds “Inaugural Ball for the Arts”; Harman Center for the Arts, 610 F St. NW

Source: Bloomberg