good morning. a snowicane in the northeast. today s test, fourth quarter dp dp, existing home sales and other key economic data. we ll dig into whatever it means for the markets and ask if the u.s. economy and the recovery can plow ahead, as squawk box begins right now. take a look right now at times square. good morning, everybody. welcome to squawk box here on cnbc. i m becky quick along with joe kernen and carl quintanilla. there is a major winter storm that has settled down in the northeast. that is causing problems. it is going to stir things up. we ve got major economic data that is coming out today at 8:30 eastern time. first estimate put growth at an annual rate of 577%. polled economists expect that number to be revised to 5.9%. then coming up at 10:00 eastern, the commerce department will report on previously sales of exiting homes. economists say they wouldn t be surprised by a drop, either. earlier this week, the government released new home sales and report
hey, i m cramer. welcome to my world. you need to get in the game! he s nuts. they re nuts! they know nothing. mad money, you can t afford to miss it! hey, i m cramer. welcome to mad money. welcome to cramerica. all the people want to make friends, no interest. my job, entertain, educate, coach. call me at 1-800-743-cnbc. holy cow! the darn thing can go down, too! it doesn t just go up! if you prick this market like alcoa did last night, sure enough, it bleeds. if you poison as congress and the white house seem to be doing, the darn thing can die. as witness the dow falling 37 points, the s&p dropping almost a full percent! nothing like a little shakespeare to brush up on the top of the show. by the way, that s from the merchant of wall street, for those that need the classical reference. woo! yeah! oh, yeah! we got pancaked! oh, yeah, pancaked, jackhammered, annihilated, bad! i rarely bring this analogy out, but i m going to tonight. the forecast, to quote mr. t.,