WASHINGTON, April 16- U.S. housing starts rose but below market expectations and building permits fell in March, pointing to underlying weakness in the housing market that could persist despite improving weather.» Read More
CNBC's Diana Olick has an update on the real estate market, including a plunge in February new home, inventories at an 8.9 month supply, and mortgage and refi applications up 2.7 percent in the last week.
The Lightning Round is extended in this CNBC.com exclusive feature.
PIMCO CEO Mohamed El-Erian shared his thoughts on Japan's economy, following the tragic earthquake and tsunami that hit that nation Friday. El-Erian wrote that five factors will dominate the economic outlook, as the whole world is hoping the tragedies will soon give way to stories of rescues and recovery of a society that is suffering enormous pain and disrupting uncertainties.