On Tap Today: Greenspan Speaks; GDP Revision Comes Out

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Greenspan speaks and the markets listen: This afternoon the Federal Reserve chairman talks to the National Association of Urban Bankers. Also today, gross domestic product numbers capture Wall Street's attention.

In the earnings arena,

Brown-Forman

(BF.B)

and

Westvaco

(W) - Get Report

sport results.

Plus: It's Day 2 of

RealNetworks'

(RNWK) - Get Report

Fourth Annual Conference on Internet Media Delivery

.

Expected Earnings Reports

(

This table includes S&P 500 companies only. Dates are as expected according to First Call/Thomson Financial, and may change. The full week's earnings calendar is published separately.

)

Economic Data

(

Forecasts are from

Reuters

. Times are Eastern. For a longer-term economic calendar and more, see

TSC's

Economic Databank.

)

  • 8:30 a.m.:Initial jobless claims for the week ended Saturday. Source: Labor Department. Forecast: 279,000. Previous: 276,000. Four-week average: Forecast: N/A. Previous: 289,750.
  • 8:30 a.m.:Gross domestic product for Q1 '00 -- preliminary. Source: Commerce Department. Forecast: +5.2%. Previous: +5.4% (Q1-advance), +7.3% (Q4). Implicit price deflator: Forecast: +2.7%. Previous: +2.7% (Q1-advance), +1.9% (Q4).
  • 8:30 a.m.:Existing Home Sales for April. Source: National Association of Realtors. Forecast: 4.83M. Previous: 4.83M.
  • 10 a.m.:Help-wanted Index for Q1 '00. Source: Conference Board. Forecast: N/A. Previous: 87.

Conferences and Meetings

RealNetworks'

(RNWK) - Get Report

Fourth Annual Conference on Internet Media Delivery

,

San Jose Convention Center

, San Jose, Calif. Second of three days (times Eastern):

  • 11:30 a.m. - 12:30 p.m.:Keynote address: Mitchell E. Kertzman, president and CEO of Liberate Technologies (LBRT) - Get Report.
  • 1 - 9:15 p.m.: Company presentations include: Liquid Audio (LQID) , Intel (INTC) - Get Report, Zillicast, Entera, Akamai Technologies (AKAM) - Get Report and Inktomi (INKT) .

Speeches and Testimony

  • 3 p.m.: Federal Reserve Chairman Alan Greenspan addresses the National Association of Urban Bankers.