Good morning. Our quote of the day comes from the poet Horace: "As a rule, adversity reveals genius and prosperity hides it." We'll see just how prosperous the U.S. housing market is today--when the housing starts and building permit numbers come out around 8:30 a.m. ET. We'll have guests including President and CEO Ara Hovnanian of Hovnanian Enterprises on through the day to go over the details--and give their analysis. CNBC's Steve Liesman will chime in as well.
And--the M&A bubble's been hot--but is it about to burst? New York Times reporter Andrew Ross Sorkin appears on "Squawk Box" to give the answer (he's leaning toward a yes). Also on "Squawk" Microsoft's General Manager of Game Developer Group-Chris Satchell--talks about his company's latest efforts into the computer gaming world and their X-Box 360.
Don't miss CNBC's Phil LaBeau as he "flies" through the Delta Airlinesre-organization plan during "Squawk on the Street."
And on cnbc.com--Susan Wachter--Professor of Real Estate at the Wharton School of Business will talk about those U.S. housing numbers. Her interview streams online at 12 noon ET.