The Week Ahead: Monsanto earnings, I-70 Series, Bullard in London

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


The I-70 Series swings into action as the Kansas City Royals host the St. Louis Cardinals in the first of four straight games between the teams. After games in Kansas City Monday and Tuesday, the series shifts across the state for two in St. Louis.

The Commerce Department will release international trade numbers for May. Observers expect a deficit of between $55 billion and $60.7 billion, Bloomberg reports.

Apollo Education Group, the parent company of the University of Phoenix, is scheduled to report earnings. The update comes amid heightened scrutiny of for-profit colleges, including a recommendation Thursday by the U.S. Department of Education that the government cut ties with a group responsible for accreditation of many of the country’s for-profit colleges.


The Commerce Department will release its third estimate of first-quarter gross domestic product. It’s expected to show a 1 percent increase in GDP, driven by strong residential investment, Bloomberg reports.

The Commerce Department also will report corporate profits for the first quarter. Bloomberg projects the figure will dip by 3.6 percent compared to the first quarter of last year.

Carnival and Nike are among the companies scheduled to report earnings.


Monsanto is set to issue quarterly financial results before the market opens. It’s the first earnings update from the Creve Coeur-based seed company since Bayer made — and Monsanto rejected — a $62 billion takeover bid.

Federal Reserve Bank Chair Janet Yellen will participate in a panel discussion alongside the leaders of the European Central Bank and the Bank of England. The panel will draw high interest as the first joint public appearance by the three central bankers since Britain voted to leave the European Union.

General Mills and Pier 1 Imports will report earnings.


James Bullard, president of the Federal Reserve Bank of St. Louis, is scheduled to speak about the U.S. economy and monetary policy at the Society of Business Economists’ annual dinner in London.

ConAgra Foods, Constellation Brands and Darden Restaurants will issue quarterly results.


Motor vehicle sales for June will be reported. Sales are expected to decrease slightly, to 17.3 million in June from May’s 17.5 million, Bloomberg reports. Strong motor vehicle sales in recent months have been a big contributor to retail sales numbers.


The start of Independence Day weekend means many Americans hitting the road, and, barring a last-minute spike in gas prices, travelers will enjoy the lowest fuel costs for the holiday in at least a decade. The national average gas price last week was $2.35 per gallon, according to St. Louis Fed data; the next lowest average for the same period was $2.67 per gallon in 2009.


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