The Week Ahead: Legislative special session, KC Fed report

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

Top picks

• Lawmakers return to Jefferson City on Monday for a special session called by Gov. Eric Greitens. The Republican governor wants the GOP-controlled House and Senate to address a bill that would allow Ameren to charge lower electrical rates to industrial users in the state’s Bootheel region. Backers say the measure could create up to 500 jobs in southeast Missouri. Opponents have expressed concerns about its effect on rates for other Ameren customers.

• Enactus, an organization that works with college students on entrepreneurial projects designed to help their communities, will host its U.S. National Exposition from Sunday to Tuesday in Kansas City. The event, which includes the crowning of an Enactus U.S. champion, is expected to draw more than 2,000 students from across the country.

• The Federal Reserve Bank on Wednesday will release minutes from the last meeting of its Federal Open Market Committee, providing additional details on the central bank’s decision not to raise interest rates at its meeting earlier this month.

• The Federal Reserve Bank of Kansas City is scheduled to release its monthly manufacturing index on Thursday, providing a glimpse at manufacturing activity in the Fed’s 10th District. The index was 7 in April, indicating solid but slowed growth after a strong reading of 20 for March. Positive readings indicate monthly growth.

• Local companies scheduled to report earnings include Caleres on Thursday.

Day planner

Monday

Chicago Fed National Activity Index released; earnings expected from Booz Allen Hamilton

Tuesday

New home sales reported; earnings expected from Autozone, Cracker Barrel, DSW and Intuit

Wednesday

Federal Open Market Committee meeting minutes released; existing home sales reported; earnings expected from Guess, HP, Lowe’s, Sears, Tiffany & Co. and Williams-Sonoma

Thursday

Kansas City Fed Manufacturing Index released; St. Louis Fed President James Bullard speaks; international trade in goods reported; earnings expected from Abercrombie & Fitch, Best Buy, Caleres, Costco, Dollar Tree, Hormel Foods and Toro

Friday

Durable goods orders reported; first-quarter GDP reported (second estimate)


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