The Week Ahead: Iowa caucuses, KC hotel hearing, earnings reports galore

Here’s a look at some of the stories Missouri Business Alert is tracking this week:

Monday

Presidential primary season officially gets underway with the Iowa caucuses. Hillary Clinton has the lead among likely Democratic caucusgoers, and Donald Trump is tops among likely Republican primary voters, according to the latest Des Moines Register/Bloomberg Politics poll. Missouri will hold its primaries on March 15.

Carthage-based Leggett & Platt, Inc. will release earnings for the fourth quarter of Fiscal 2015 after the market closes. The residential furnishings manufacturer will hold a conference call with analysts Tuesday morning at 7:30.

Tuesday

A hearing is scheduled in Jackson County Circuit Court over Kansas City’s proposed $311 million downtown convention hotel. Petitioners are seeking a court order to have funding for the hotel put to a public vote, the Kansas City Star reports.

It’s one of the busiest days of earnings season for Missouri-based companies and other firms of high local interest. Companies scheduled to release quarterly reports include Amdocs, Emerson, Mallinckrodt, Olin and Waddell & Reed.

Wednesday

Energizer Holdings and Edgewell Personal Care, which was officially spun off from Energizer in 2015, are both set to report earnings. Laclede Group will also provide its quarterly update.

Thursday

Charter Communications, which is currently having its proposed purchase of Time Warner Cable scrutinized by federal regulators, is scheduled to report quarterly earnings. Charter, which formerly made its headquarters in the St. Louis area and still maintains a large presence there, would become the country’s No. 2 cable and broadband provider if the Time Warner deal and its acquisition of Bright House Networks go through.

Other local companies set to provide quarterly financial updates include packaged goods company Post Holdings, trucking company YRC Worldwide and beleaguered coal miner Foresight Energy.

Friday

The Labor Department is scheduled to publish its monthly Employment Situation Summary. The national unemployment rate held steady at 5.0 percent over the final three months of 2015, and it is expected to remain there for January, Bloomberg reports.

Sunday

Super Bowl 50 will pit the Denver Broncos against the Carolina Panthers, and regardless of what happens on the field, records will be broken — by advertisers. AdAge projects that ad spending for the game will total $377 million, a new high. Anheuser-Busch InBev spent $278.3 million on Super Bowl ads between 2009 and 2015, TheStreet reports, and the brewer is expected to pony up another big sum for ads this year.


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