Good morning. Our quote of the day comes from Thomas Jefferson: "You have to have your heart in the business and the business in your heart."
The economic calendar will get attention today as the revised Q3 Productivity--Factory Orders and ISM Services reports are due to be released. With the report last week of the ISM Index slipping below 50--the ISM Services number will be looked at closely.
So--here's what were covering in Play by Play. "Squawk Box" has former White House Director of Economic Policy Todd Buchholz as guest host. He's currently managing director at Two Oceans Fund. He's giving his views on a number of topics--the U.S. economy and Iraq. He says Iraq is a mess and will probably be broken up as a country.
We will of course be focusing on the major stories of the day as they happen. We'll also look at the battle over removing trans fat food from restaurant menus. Coming up on "Power Lunch"-- we'll have Athan Manuel from the Sierra Club and Bob Greco from the American Petroleum Institute to discuss (more than likely debate) the continuing call to drill for oil in Alaska.
Also--Pimco's Bill Gross appears on cnbc.com at 11 a.m. ET to give his outlook on interest rates for 2007.
And on Thursday--Iraq study group hands in its report to the White House. CNBC's Chief Washington correspondent John Harwood will give us a preview today.