The Week Ahead: 1Week KC, Sprint Accelerator demo day, Memorial Day travel

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

Monday

1Week KC continues with a multicultural business happy hour. The annual celebration of Kansas City’s entrepreneurs runs through Friday, with at least one event scheduled every day.

The pursuit of the Stanley Cup moves back to St. Louis as the Blues host the San Jose Sharks in Game 5 of the Western Conference Final.

James Bullard, president of the Federal Reserve Bank of St. Louis, is scheduled to deliver a speech in Beijing on the economy and monetary policy, Bloomberg reports.

Tuesday

The startups of the Sprint Accelerator powered by Techstars will present at the accelerator’s annual demo day.

New home sales will be reported. Sales have been weak in recent months, despite low mortgage rates and strong jobs numbers, due in part to a lack of new homes on the market, Bloomberg reports.

Quarterly earnings reports are expected from Autozone, Best Buy and DSW.

Wednesday

The Greater Kansas City Chamber of Commerce hosts its 30th annual Small Business Celebration. Among the small businesses being honored are 10 the chamber has recognized as its top small businesses of 2016: Adams-Gabbert and Associates, LLC; Alpha Energy and Electric, Inc.; Centric Projects; DataLocker; International Builders & Consultants, Inc.; K12itc; Lead Bank; Posty Cards; Veracity Consulting; and Weave Gotcha Covered.

The U.S. Energy Information Administration will deliver its Petroleum Status Report.

The Petroleum Storage Tank Insurance Fund is scheduled to meet in Jefferson City.

Costco, HP and Tiffany & Co. are among the companies slated to release quarterly results.

Thursday

Caleres, the St. Louis-based shoe company, will report quarterly earnings and hold a conference call with analysts.

Earnings reports are expected from Abercrombie & Fitch, Dollar General, GameStop and Sears Holdings, the parent company of retailers Sears and Kmart.

Friday

The Bureau of Economic Analysis will report its second estimate of U.S. gross domestic product for the first quarter of the year. The figure is expected to come in at plus 0.9 percent, which would be 4 tenths higher than the initial estimate, Bloomberg reports.

The University of Michigan is set to release its Consumer Sentiment Index. The index was up nearly seven points in the mid-May reading to its highest level since June of 2015, and forecasters expect it to stay around that level, Bloomberg reports.

Saturday

Memorial Day weekend means road trips for many Americans, and AAA projects more than 38 million Americans will travel this holiday weekend. That would be an increase of 700,000 over last year and the second-highest total on record, according to AAA.


Tags:

Leave a Reply

Have you heard?

Missouri Business Alert is participating in CoMoGives2019!

Find out how we plan to use your gift to enhance training and programming for our students