Vocativ
Expectations are for the report to show US GDP grew by 3.2% in the second quarter of 2015, a big upward revision from the initial reading showing the economy grew 2.3%.
Personal consumption is expected to rise 3.1% in the second quarter after a 2.9% reported increase in the first GDP estimate. This initial reading was better than expected and a bright spot in an otherwise lackluster first reading on economic growth in the second quarter.
And while Thursday's GDP reading is highly backward looking as it covers the 3-month period ending June 30, every piece of data is now closely watched as markets seek to read the tea leaves ahead of a potential rate hike from the Federal Reserve in September.
Ahead of the report, stock futures in the US were rallying after Wednesday saw the stock market have its best day in about 4 years.
We'll be back with the live numbers when they cross.