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Economic agenda: Tuesday, Aug. 3, 2010

At 8:30 a.m. -- The Commerce Department releases data on personal income and personal spending for June. Economists surveyed by Blomberg are expecting an increase of 0.2 percent in income and a 0.1 percent rise in spending.

At 9:30 a.m. -- The Senate Armed committee holds a hearing on the Quadrennial Defense Review. Witnesses include former Defense Secretary William Perry and former National Security Adviser Stephen Hadley, who are leading the review.

At 10 a.m. -- The Commerce Department publishes data on factory orders for June. Economists are predicting a 0.5 percent drop from May.

At 10 a.m. -- The National Association of Realtors releases its index of pending home sales for June. Economists expect an increase of 4 percent from May. (In May, the index plunged 30 percent, in good part because of the expiration of a lucrative home buyers tax credit.)

All afternoon -- Major automakers release sales figures for July. Final industry-wide numbers due by day's end.

By Mike Shepard  |  August 3, 2010; 5:51 AM ET
Categories:  *Economic agenda  
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