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2Q GDP Expected to be Revised Higher to 1.7%

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  • Description

    FBN’s Diane Macedo with a look at the economic data being released this morning.

  • Duration 1:41
  • Date

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Past past the hour right Alice governor Diana -- -- out to -- look at some business headlines.

Trending this morning Diane and good morning -- sources to get several pieces of economic data today including the second reading on growth for the second quarter.

Economists expect that reading to climb one points to one point 7%.

From the first reading of one point 5% but that would still be down from growth of 2% that we saw in the first quarter that number comes out at 8:30 AM eastern.

-- -- 10 AM we'll get pending home sales for July sales expected to climb 1% for the month.

After falling more than 1% in June.

At 2 PM -- to get Federal Reserve's unveiling its latest report on economic conditions that the release of the Beige Book and that may also offer insight as to whether policy makers at the Central -- -- thinking of implementing.

More stimulus measures.

WellPoint CEO Angela Braly meanwhile has resigned amid pressure from investors the company's board said it will begin searching for permanent replacement but executive vice president.

And General Counsel John Cannon will serve as the interim chief some major WellPoint investors expressed concerns about -- leadership.

And company strategy after disappointing second quarter results.

And we keep talking about apple and Samsung but apple have to wait until December to find out whether its request for a sales ban against eight Samsung devices will be granted.

A US judge has set -- December 6 court date to consider the permanent injunction.

Which could delay -- potential impact of a victory of apple what were to win here.

Apple was awarded just over one billion dollars last week after California jury found -- -- -- critical features.

Of the iPhone and iPad Apple's now seeking to have eight device is pulled from US store shelves including several popular galaxy Smartphones from -- -- back to you.

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