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Transcripts For CNBC Squawk Box 20091124



good morning. welcome to squawk box here on cnbc. i m michelle caruso ka brain brar ra sitting in with joe kernen and steve liesman because carl and becky are both off today. steve will be all over this next story because we have new test for the markets this morning. 8:30 a.m. eastern time, first revision to third quarter gdp. it s expected to show the first report of the economy s return to growth may have been a bit too rosy. the dow jones forecast will show the economy expanded at a pace of 2.7% from july to september. figure of 3.5% had original will i been reported. the big factors behind the downgrade are said to be commercial construction, drag from the nation s trade gap and lower business stockpiles. also on the economic agenda today, s&p case shiller, that s the home price index and consumer confidence pushing around the markets today. is that teleprompter far away? i don t want to hear it. well, i just saw you leaning forward and heard you say gdp ....

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