The Week Ahead: Greitens budget, Fed meeting, Super Bowl ads

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

Top picks

• Gov. Eric Greitens is scheduled to unveil his budget plan, although the specific date of that unveiling has not been confirmed. Under the Missouri Constitution, the governor has until Feb. 4 to lay out his financial blueprint for the state.

• Two high-profile committee hearings are on tap for Monday in Jefferson City. The House Economic Development Committee will meet about proposed “right-to-work” legislation, which the Senate passed last week and sent back to the House. The Special Committee on Litigation Reform will meet as pro-business interests, including the Missouri Chamber of Commerce and Industry, push for tort reform in the state.

• The Federal Reserve Bank’s Federal Open Market Committee will meet Tuesday and Wednesday, delivering an announcement on interest rates at the meeting’s conclusion. Observers expect the Fed to leave rates unchanged after a December rate hike.

• The Labor Department will release its monthly Employment Situation Summary. Consensus estimates call for employers to add 170,000 jobs and for the unemployment rate to hold steady at 4.7 percent.

• Super Bowl LI is Sunday, bringing with it some of the highest-profile commercial spots of the year. Television ads for the game were a tougher sell than usual as NFL ratings slumped this season, but local brands including Sprint and Budweiser are expected to air commercials.

• Local companies scheduled to report quarterly results include Leggett & Platt and Reinsurance Group of America on Monday; Olin, Sprint, Stifel Financial and Waddell & Reed Financial on Tuesday; Amdocs and Spire on Wednesday; and Belden and Post Holdings on Thursday.

Day planner

Monday

Treasury securities auction; personal income and outlays; Pending Home Sales Index

Tuesday

Consumer Confidence Index; earnings from Aetna, Apple, Electronic Arts, Exxon Mobil, Mastercard, Pfizer, United Parcel Service and United States Steel

Wednesday

Motor vehicle sales; PMI Manufacturing Index; construction spending; earnings from Allstate, Anthem, Facebook, Metlife and Siemens,

Thursday

Chain store sales; Fed balance sheet; Earnings from Amazon, Chipotle Mexican Grill, Cigna, New York Times, Philip Morris, Royal Dutch Shell and Visa

Friday

Factory orders; earnings from Hershey and Phillips 66


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