June 17 - Housing starts likely surged in May, after the NAHB index showed confidence in the sector rose in June for the first time in seven years.
I'm holiday mommy here's the countdown to the top three stories -- note for Tuesday. In at number three Adobe Systems reports Q2 results after the close. Profits are expected to fall last month the software makers that upgrades for its creative cloud which includes Photoshop illustrator and flash. Would be available only through online subscriptions also it would not be developing new versions of these license creative suite. UBS recently raise its price target to fifty dollars from 46. Shares are up more than 11% since the start of the year. In the number two position test less CEO Elon -- takes center stage at the Reuters tech summit. The stock is up more than 200%. For the year we'll find out how he plans to keep investor interest at an electric cars. At this summit will also hear from venture capitalists Ben Horowitz partner and co-founder of and Dreessen heart -- He'll tell us what new investments they are targeting. And your top story for Tuesday is may housing starts according to IFR new home construction rebounded to around 930000. From 853000. Units in April the new data that comes on the heels of a shark -- and the National Association of Home Builders and -- in June. Top Federal Reserve policy makers will began a two day meeting and we'll be looking closely at the housing data and the strength of the recovery. Follow us on Twitter at Reuters Insider and get more of our video that Reuters dot com slash ratings mean I'm her mom. The right here.