Im stephanie ruhle. Eric was under the weather this week. Im happy to be back. Breaking news about the housing market. Home sales for december are out. Scarlet fu is in the newsroom. Unexpected decline in the number of contracts to buy previously owned homes. It comes from the National Association of realtors. A drop of 3. 7 for the month of december. That is the biggest decline in the the year. On a yearoveryear basis, pending home sales increased 8. 5 . That a small at the what economists were looking for. They were into speeding an increase of 10. 5 . S p 500, paring it is extending losses following the news. We have the 10 year yield pretty much where it was. We will continue to monitor all of this. The fed has said it is data dependent. This shows the housing industrys recovery is still on even. That a scarlet fu with the latest. Lets take you to the bulletin. Top is the stories. Shares of alibaba are getting beat up today. The stock fell as much as 7 after the Chinese Ecommerce C