The Week Ahead: Presidential debate, Fed minutes, ‘Bringing Up Business’ events

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

Sunday

The eyes of the country turn to the Show-Me State as presidential nominees Hillary Clinton and Donald Trump are scheduled to take part in their second debate, a town hall event at Washington University in St. Louis. On Friday, video from 2005 surfaced in which Trump boasts of groping women. Since the video’s release, a growing number of Republican officials have either said they won’t vote for the GOP nominee, rescinded endorsements of Trump or called for him to step down.

Columbia Startup Weekend concludes, with final pitches scheduled to start at 5 p.m. The presentations mark the culmination of a weekend-long sprint that teams started Friday to build the foundations of a viable business.

Monday

Banks are closed for Columbus Day, but markets are open.

Bringing Up Business: Mid Missouri’s Innovation Week kicks into high gear with a trio of events, including a pitch competition featuring $10,000 in prize money. The inaugural innovation week will feature 17 events in five days to celebrate and connect people in mid-Missouri’s entrepreneurial ecosystem.

The Missouri Development Finance Board will meet in Springfield, rather than its usual meeting spot in Jefferson City, ahead of its annual retreat on Tuesday. An agenda for the meeting was not posted on the MDFB website as of early Sunday.

Tuesday

The National Federation of Independent Businesses releases its Small Business Optimism Index for September. The index slid two-tenths of a point to 94.4 in August, which NFIB economists attributed to the political climate and resulting uncertainty. The figure is expected to rebound to 95 for September, Bloomberg reports.

The Missouri Transportation Finance Corporation gathers for two days of meetings. Loan requests for transportation projects in cities across the state are among the items on the agenda.

Wednesday

It’s the final day for Missourians to register to vote in November.

The Federal Reserve Bank will release minutes from the September meeting of its Federal Open Market Committee. The minutes will offer more detail on the rationale behind the Fed’s decision to keep its key interest rate unchanged but hint at a likely rate hike before year’s end.

Esther George, president of the Federal Reserve Bank of Kansas City, will deliver a talk on payment systems at the Federal Reserve Bank of Chicago’s Annual Payment Symposium.

Thursday

The U.S. Treasury will release its first monthly budget statement of the federal government’s 2017 fiscal year, providing a glimpse of the surplus or deficit for the month. The government ran a deficit of $107.1 billion in August.

The annual Missouri Tech Expo takes place in Columbia, this year as part of the new innovation week. The event lets University of Missouri faculty, staff and students pitch research projects that have commercial potential to a crowd of investors and entrepreneurs.

The Missouri Cures Foundation will bring its Women in Science and Entrepreneurship (WISE) series to Kansas City for an afternoon event at Burns & McDonnell’s headquarters. The event features panels, a keynote and a networking reception.

Friday

The Census Bureau will release retail sales and inventories. Sales slowed sharply in July and August after a strong second quarter, but they’re expected to rebound for September, driven by a surge in auto sales, Bloomberg reports.

Commerce Bancshares, the Kansas City-based holding company for Commerce Bank, will report earnings for its third quarter. The consensus analyst estimate calls for earnings per share of 73 cents, up from 63 cents for the same quarter last year.

Wells Fargo will report earnings for the first time since it was revealed that thousands of bank employees had created millions of fake accounts to boost sales numbers, spurring federal investigations and congressional hearings.

That’s part of a busy day of earnings for big banks, with Citigroup, JPMorganChase and PNC among the others scheduled to report quarterly results.

Saturday

A weekend featuring a couple of the state’s bigger road races of the year kicks off with the running of the Waddell & Reed Kansas City Marathon. Across the state one day later, the Rock ‘n’ Roll St. Louis Half Marathon takes place.


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