Reuters - Video

Edition: US | UK | IN | CN | JP

Video

U.S. Morning Call: Isaac hits Louisiana, oil rigs spared

Wednesday, August 29, 2012 - 02:17

Aug 29 - Hurricane Isaac slammed into Louisiana this morning, causing some damage but missed oil platforms off the coast; U.S. GDP may have grown at a faster pace in Q2, according to a poll of economists.

▲ Hide Transcript

View Transcript

Hurricane Isaak hits and more -- but this is oil rigs. And in the US economy grow folks in Tampa will want to now. Let's kick off your morning call for Wednesday. An hour from now we'll get a reading -- economic growth in the US when the Commerce Department. Acting cute cute GDP estimate. Economists polled by Reuters predict one point 7% annualized pace of growth compared with the one point 5% rate in the first estimate. I FR expect solid construction spending figures and it significantly better than expected June trade report to overpowered the week -- inventory numbers. US stock futures barely moving ahead of that data pointing to just slightly lower open. Hurricane -- slammed into Louisiana this morning topping at least one -- and causing some localized flooding. But platforms just off the coast were spared the brunt of the storm. US crude oil futures falling at their highest close in -- week. And Brent crude down below 112 bucks per barrel today. -- -- stocks to watch -- moving up in the premarket after reporting higher first quarter results today. Also investors waiting to see -- -- dazzled with the results after rival Tiffany cut its outlook on Monday. Pandora -- Tivo and Coldwater Creek report after the bell. What we're stuck on our on our radar is WellPoint. The health insurers CEO Angela Braly quit abruptly after investors with their dissent dissatisfaction with work. John Cannon company's executive vice president will now serve as interim president and CEO. -- lock up expires today we'll see at the stocks -- or sayings. When investors insiders flood the market with about 52 points and shares. Shares of scenes and sell -- leading up to today but still trading about the IPO priced at fifteen dollars. Although that's a victory over the likes of FaceBook Groupon and Zynga the Wall Street Journal reports option players are petitioning for further declines today. End. That's your morning on this Wednesday for the latest headlines. Follow us on Twitter at Reuters Insider and check out our way to channel that Reuters dot com slash Reuters TV. I'm Lisa Bernard it is Reuters.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

U.S. Morning Call: Isaac hits Louisiana, oil rigs spared

Wednesday, August 29, 2012 - 02:17