When the government announces revised third quarter GDP figures at 8:30 am EST, analysts expect weaker numbers than previously reported as companies slashed inventories. The initial reading came in at 3.5 percent but economists in a Reuters poll now see a softer 2.9 percent.
In the afternoon, investors will get a look at the minutes of the FOMC’s Nov 3-4 policy meeting and will be looking for any sign the Fed is preparing to exit its ultra-easy policy.
On the earnings side of the coin, H.J. Heinz, Barns and Noble and Borders Group, along with American Eagle and Warner Music Group will unveil their latest results.
The global economic crisis is the biggest story in modern times and a record audience is turning to Reuters for information you can trust. I share with you some changes we’ve brought to Reuters.com and Reuters.co.uk to help you understand the financial turmoil and benefit from the expertise of our 2,550 journalists around the globe. You’ll notice more headlines from our financial correspondents and more video interviews with business newsmakers. We’ve added a new Economy section, increased our coverage of regulation and will soon relaunch our small business and environment pages.
Our Great Debate section has added more financial commentary from our growing team of Reuters columnists, with technology expert Eric Auchard among the writers joining James Saft, John Kemp and Bernd Debusmann. We also offer more graphics for better insight into the financial markets. And we continue to add specialist blogs, with Hedge Hub providing a place for readers to discuss the hedge fund industry with journalists such as Laurence Fletcher.
Sen. Robert Casey of Pennsylvania, on the floor of the Democratic convention, talks about the importance of the economy as an issue in the 2008 elections with Corbett Daly, Washington bureau chief for Thomson Reuters Markets.
Reuters Inside the Tent has more than 40 delegates and other attendees in Denver and St. Paul, equipped with video cameras to capture the conventions from the ground up. Click here for a full list of contributors at the Democratic National Convention. We’ll be moving to St. Paul for the Republican National Convention next week.