What's Happening Today

Here's what we're watching today:

8:30 am Consumer Price Index data is released for October and the Commerce Department reports on the latest data on housing starts. Have we hit bottom in the housing market? Economists will be watching the data closely, especially after yesterday's figures from the National Association of Home Builders showed builder sentiment about the market hit a record low.

10:00 am It's the House Finance Committee's turn to hear the auto industry's big three leaders make their case for a $25 billion bailout. It may largely be a repeat of yesterday's hearing on the Hill in the Senate.

2:15 pm The Federal Reserve minutes are out, and we get a peek inside the Fed's thinking and their concerns on the economy.

--Sara Goo