New Home Sales Released- 2.24.10
Airtime: Wed. Feb. 24 2010 | ET
January new home sales are down 11.2 percent, with CNBC’s Diana Olick.

Airtime: Wed. Feb. 24 2010 | ET
January new home sales are down 11.2 percent, with CNBC’s Diana Olick.

Slowing growth in China is raising questions of a possible policy change from the central government. Insight from Qian Wang, JPMorgan chief China economist.

“As far as I’m concerned the technicals are in tact, says Guy Adami. We said the S&P would over-correct to the upside and trade up to 1130 and then turn lower — and it did. Now we’re likely in the next leg lower. We have to see what happens as the S&P trades down to the lower end of the range – around 1040 – will it hold next time we test it?
The patterns in the S&P suggest that support will not hold this time, adds Oppenheimer’s Carter Worth. My persumption is we break lower. I think we go to 980. I don’t think a great crash is coming but we are clearly entering a period when the downside should be the focus of investors.”

Discussing the impact health care reform will have on the markets, with Jim Lacamp, of Macroportfolio Advisors, and David Kelly, of JPMorgan.

Tom O’Brien, editor of The Gold Report, expects a $200 pullback in gold, and Brian Hicks, of US Global Investors, thinks the commodity could soar to $1,500. They go head-to-head on CNBC.

The European Central Bank kept interest rates on hold as widely expected Thursday. Chris Watling, CEO of Longview Economics, considers the outlook for the European economy.

CNBC’s Phil LeBeau discusses the details of GM’s filing to offer 500 million common and preferred shares of stock.