These are the major business and economic events scheduled for this week.
Tuesday -- Commerce Department reports on housing starts for June. Federal Reserve Chairman Alan Greenspan testifies before a Senate committee about the central bank's monetary policy. Ford Motor Co. releases second-quarter earnings.
Wednesday -- OPEC members are expected to approve the second step of a planned two-step increase in their production ceiling for crude in an effort to trim high oil prices. General Motors Corp. releases second-quarter earnings.
Thursday -- Labor Department reports on weekly jobless claims. Freddie Mac, the mortgage company, reports on mortgage rates. The Conference Board releases its Index of Leading Economic Indicators. Microsoft Corp. releases fourth-quarter earnings.