The Week Ahead: July 4th festivities, jobs report, LaunchKC deadline

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

Monday

Market are closed for Independence Day.

However, holiday events abound across the state, from Fair Saint Louis, dubbed “America’s biggest birthday party,” at Forest Park in St. Louis to the pyrotechnic and symphonic Celebration at the Station at Union Station in Kansas City and the Salute to America in downtown Jefferson City.

Tuesday

Gallup will release its monthly Economic Confidence Index, a measure of Americans’ sentiments regarding the economy now and in the future. The index has been slightly negative for the last 15 months since spiking into slightly positive territory in early 2015.

Apollo Education Group, the Container Store Group and the International Speedway Corp. are scheduled to report earnings.

Wednesday

The Federal Reserve Bank’s Federal Open Market Committee will release minutes from its June meeting, providing more details for the rationale behind the central bank’s most recent decision not to raise interest rates.

Applications are due by day’s end for LaunchKC, the startup grant competition that will dole out 10 grants worth $50,000 apiece to early-stage companies based in or willing to establish a presence in Kansas City. Winners of the grants, which come with an array of services and other perks, will be announced in September during Techweek Kansas City.

It’s also the deadline for the Midwest X-Port Challenge, a pitch contest for businesses in the region looking to expand globally. The competition, which features cash prizes, will take place Aug. 24 in Kansas City.

Walgreens Boots Alliance, the parent company of pharmacy chain Walgreens, is among the companies set to release quarterly results.

Thursday

Chain stores are expected to report monthly sales, providing a glimpse at overall retail health and consumer spending trends, Bloomberg reports.

Earnings calls are scheduled for Pepsi and Luby’s, among others.

Friday

The Labor Department will deliver its monthly Employment Situation Summary for June. On the heels of a dismal May that saw the U.S. add just 38,000 jobs, observers expect a June rebound with a gain of 180,000 jobs, Bloomberg reports. The unemployment rate is expected to climb to 4.8 percent from May’s 4.7 percent.

Saturday

Slide the City comes to St. Louis, the first of three such events across Missouri this summer. The events, put on by Utah-based Sack Lunch Productions, bring giant water slides to public places. Organizers describe the events as the slip ‘n’ slides of your childhood “all dressed up for an urban block party.” Slide the City hits Springfield July 16 and Kansas City Aug. 16.


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