The Week Ahead: Fed Beige Book, big bank earnings, KC virtual reality

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

Monday

Esther George, president of the Federal Reserve Bank of Kansas City, will deliver a speech in Lake Ozark about the state of the economy. It’s the first of two public talks this week for George, who will also speak Thursday in Oklahoma City.

Alcoa is set to report earnings.

Tuesday

The National Federation of Independent Businesses will release its small business optimism index for June. The index rose slightly in May and is expected to rise again for June, Bloomberg reports, although the Brexit may have a chilling effect on business owners’ optimism.

Major League Baseball’s top stars will play in the 87th All-Star Game in San Diego. Four Kansas City Royals and two St. Louis Cardinals were picked for the game, including Kansas City catcher Salvador Perez, who received the most votes of any player in fan balloting.

James Bullard, president of the Federal Reserve Bank of St. Louis, will deliver a speech at an event in St. Louis hosted by the National Association for Business Economics.

Wednesday

The Federal Reserve Bank will release its latest Beige Book report, providing an anecdotal look at the economic conditions in each of the central bank’s 12 regions.

Commerce Bancshares, the Kansas City-based bank holding company, is scheduled to report earnings.

Yum! Brands will also issue quarterly results.

Thursday

Peak Resorts, the Wildwood-based operator of ski resorts, will issue its quarterly report.

The Missouri Housing Development Commission will hold a special meeting.

Companies set to report financial results include BlackRock, Cintas, Delta Air Lines, JPMorgan Chase, Omnicom and Progressive.

Friday

It’s the deadline for Gov. Jay Nixon to veto bills passed by the Missouri Legislature during this year’s session. Bills not signed or vetoed by the governor will become law by default.

Citigroup, PNC Financial Services, U.S. Bancorp and Wells Fargo are among the bank holding companies scheduled to report results, part of a busy couple of days for bank earnings that also includes a Thursday earnings release for JPMorgan Chase.

Saturday

The KCVR Hackathon continues at the Google Fiber Space in Kansas City. The event, which kicks off Friday night and concludes Sunday afternoon, will see teams developing virtual reality and augmented reality applications designed to help educators and students.

Sunday

Kansas City Parks and Recreation and the Nelson-Atkins Museum of Art host Kansas City’s Big Picnic, an event featuring a variety of food, beverages, entertainment and activities on the museum’s grounds.


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