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Pro Analysis

Here are the 10 most important stories for investors Thursday morning

Interstate highway 45 is submerged from the effects of Hurricane Harvey seen during widespread flooding in Houston, Texas, August 27, 2017.
Richard Carson | Reuters
Interstate highway 45 is submerged from the effects of Hurricane Harvey seen during widespread flooding in Houston, Texas, August 27, 2017.

A daily morning look at the financial stories you need to know to start the day.

STOCKS/ECONOMY

-Stock futures are higher after Wednesday's gains. Economic data comes fast and furious this morning with weekly jobless claims, personal income and spending, and pending home sales all due to report. If the personal spending number is 0.4 percent or higher, investors will see it as a sign of a strengthening economy and proof the revised 3 percent GDP number for the second quarter is no fluke.

-Americans now spend more on taxes than they do on food and clothing combined.

HARVEY HAVOC

-Harvey is now moving inland. The death toll from the storm and flooding is now at 35, but more dead are expected to be found today. Moody's Analytics is estimating the cost of the storm will be between $51 billion and $75 billion. Explosions and smoke have been reported at the flood-hit Arkema chemical plant in Texas.