The Week Ahead: Trump inauguration, Peabody and Ameren hearings, KC Restaurant Week

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

Top picks

• President-elect Donald J. Trump will become the 45th president of the United States. Trump and Vice President-elect Michael R. Pence will be sworn in to office in a ceremony Friday at the U.S. Capitol.

• The World Economic Forum will hold its annual meeting Tuesday through Friday in Davos, Switzerland. Income inequality and the political populism it has inspired figure to be major topics at the gathering, following the forum’s release of a report last week calling for fundamental reforms to capitalism.

• Peabody Energy is scheduled for a hearing Thursday in bankruptcy court. St. Louis-based Peabody, the world’s largest coal company, faces shareholder opposition to its plan for exiting bankruptcy. Some shareholders say coal prices have improved so much since Peabody filed for bankruptcy that its original reorganization plan — which would eliminate existing shares — isn’t necessary.

• The Missouri Public Service Commission will hold several hearings in an Ameren rate case. The hearings stem from a plan by the St. Louis-based utility to increase annual electric revenues by approximately $206.4 million, or roughly $99 per residential customer. Hearings are set for Tuesday, Wednesday and Thursday in cities across the state, and will continue next week.

• Local companies scheduled to report earnings this week include Commerce Bancshares (Wednesday) and Kansas City Southern (Friday).

Kansas City Restaurant Week is back for another year. More than 180 restaurants are participating in the event, offering specially priced, multi-course meals. The event runs through Sunday.

Day planner

Monday

Markets and banks closed for Martin Luther King Jr. Day

Tuesday

Treasury securities auctioned; earnings reported by Morgan Stanley and UnitedHealth Group

Wednesday

Consumer Price Index released; Janet Yellen speaks; earnings reported by Charles Schwab, Citigroup, Commerce Bancshares, Goldman Sachs, Great Southern Bancorp, Netflix, TD Ameritrade and U.S. Bancorp

Thursday

Housing starts reported; Fed balance sheet released; EIA natural gas and petroleum reports released; earnings reported by American Express and Union Pacific

Friday

Earnings reported by General Electric, Kansas City Southern and Rockwell Collins

 


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