What to Watch Friday: Housing Starts, Oil Rig Count

On Friday, June 17, investors will be watching a few key economic data points. Starting at 8:30am Eastern, May housing starts are released - analysts expect 1.15 million starts for the month. At 10am, the Atlanta Fed Business Inflation Expectations for June is unveiled and is expected to rise 1.9 percent. Finally at 1pm, the Baker Hughes (BHI) rig count for this week is released. Last week, rig count rose by 3 to 328.  Oil is trading at around $46 a barrel. TheStreet's Scott Gamm reports from Wall Street.