A.M. Update

S&P futures are unchanged. The third estimate for Q2 GDP was unchanged at 2.1% (consensus 2.2%). The third estimate of the Q2 GDP deflator fell to 1.7% (consensus 2.0%) from 2.0% in the second estimate. Personal Consumption fell to 0.8% (consensus 1.7%). Weekly initial claims totaled 204,000 (consensus 215,000) from a revised total of 202,000…