Aug 28 - The Fed's Beige Book, updated GDP numbers and pending home sales in the morning could breathe life back into the markets as they wait for Ben Bernanke's critical Fed speech on friday.
-- numbers out on Wednesday could paint a rosier picture the recovery. Not to breathe life back in the markets as you can see more or less been in limbo with investors waiting for what fed boss Bernanke says that is critical speech in Jackson -- the end of the week. Big time this -- to focus on the Fed's Beige Book updated GDP numbers and pending home sales. The Beige -- will be the biggest drop. The reports one of the best and final clues for finding out what actually improved in August it's now take on how well retail manufacturing and jobs are doing in different parts of the US. In July the book described economic growth as modest to moderate. I have Barth says expect that to improve. Possibly enough to make the -- think twice about throwing more cash at the economy and also watch out for earnings from pandora and -- -- excite investors. Online radio companies expect to see if small loss because of rising marketing costs. But it's not all negative news sales is that job by 50% to over 100 million dollars. And there of the mid level color might be a big surprise once operated start my analyst says it has a high chance of smashing expectations. Thanks to better sales and loan refinancings. -- got a big story for Wednesday tracking hurricane eyes it. New Orleans is bracing itself for the storms seven years to today when Katrina devastated the city. I think could come ashore Tuesday evening and will be a major test for the city's fourteen and a half billion dollar flood defense systems it's -- disrupted energy companies in the golf. Sending crude prices higher nearly 80% of offshore oil production is shut down and about half of Nat gas output is off line. Stay with writers from our expert analysis on the big stories of the day we're all over the Republican Convention with live coverage at 11:30 AM eastern on Reuters dot com. Maneuvers follow us on Twitter at Reuters Insider I'm Rhonda schaffler.