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Economic agenda: Thursday, Sept. 30, 2010

At 8:30 a.m. -- The Commerce Department releases its final estimate of gross domestic product growth for the second quarter. Economists surveyed by Bloomberg expect that the estimate will remain unchanged from the previously released 1.6 percent growth on an annualized basis.

At 8:30 a.m. -- The Labor Department releases data on weekly claims for uemployment benefits. Economists expect jobless claims to hold roughly steady at 460,000.

At 10 a.m. -- The Senate Banking committee holds a hearing on the progress of the financial overhaul since the landmark legislation was enacted over the summer. Witnesses include Federal Reserve Chairman Ben S. Bernanke; Federal Deposit Insurance Corp. Chairman Sheila C. Bair; Securities and Exchange Commission Chairman Mary Schapiro; and Commodity Futures Trading Commission Chairman Gary Gensler.

At 10 a.m. -- The House Oversight and Government Reform committee takes testimony from Johnson & Johnson chief executive William Weldon on the pharmaceutical giant's recent recalls of several widely used drugs, including children's Tylenol.

At 2:30 p.m. -- The Federal Reserve holds a town hall meeting with schoolteachers. Fed Chairman Ben S. Bernanke is scheduled to participate in the session.

By Mike Shepard  | September 30, 2010; 6:05 AM ET
Categories:  *Economic agenda  
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Next: Morning briefing: China warns of damaged economic ties

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