CAROL LIN, CNN ANCHOR: Deborah Marchini, I don't know about you, but my greatest economic indicator are the number of shoes in my closet.</s>DEBORAH MARCHINI, CNN CORRESPONDENT: And mine is the number of cars in the parking lot of my local mall. Thank you, Carol. We've got one of those more arcane economic statistics that we're looking for today -- a preliminary figure on how the economy's fared in the first three months of the year -- it is GDP -- gross domestic product. Despite concerns that we're headed toward recession -- the preliminary reading on economic output is expected to show a yearly growth rate of 1.1 percent -- up from 1 percent in the fourth quarter. That'll be released at 8:30 Eastern time. And ahead of it, stock index futures are pretty much mixed, about as you would expect ahead of an important economic figure. Now stocks closed mixed yesterday as investors digested conflicting reports on the economy and those corporate earnings. Investors on the defensive sent the Dow industrials up 67 points. The Nasdaq composite fell 24. Fiberoptic maker Corning is warning again. Late yesterday, the company said sales and profits for the rest of the year could fall short of estimates. This is Corning's third warning in as many months. It will also add 1,000 more job cuts to the 3,300 it's already announced. TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
First Quarter GDP Growth to be Announced Today