Economic Data Scheduled For Thursday

Gross Domestic Product report for the second quarter is scheduled for release at 8:30 a.m. ET. The country’s economy is expected to shrink by 32.9% in the quarter.
Data on initial jobless claims for the latest week will be released at 8:30 a.m. ET. Analysts expect new unemployment claims to drop to 987,000 for the August 22 week, versus 1.106 million in the August 15 week.
Federal Reserve Bank of Kansas City President Esther George is set to speak at 9:00 a.m. ET.
Federal Reserve Chairman Jerome Powell will speak at 9:10 a.m. ET.
The pending home sales index for July is scheduled for release at 10:00 a.m. ET. Pending home sales are expected to increase 1.5% in July, versus a 16.6% surge in June.
The Energy Information Administration’s weekly report on natural gas stocks in underground storage will be released at 10:30 a.m. ET.
The Kansas City Fed's manufacturing index for August is scheduled for release at 11:00 a.m. ET. Analysts expect the index slipping to 2 in August, versus a previous reading of 3.
The Treasury is set to auction 4-and 8-week bills at 11:30 a.m. ET.
Federal Reserve Bank of Richmond President Thomas Barkin is set to speak at 12:30 p.m. ET.
The Treasury will auction 7-year notes at 1:00 p.m. ET.
Data on money supply for the latest week will be released at 4:30 p.m. ET.