brutal terrorist group in iraq. i have thundershowered our diplomat i have authorizeed our military and advisors who are there. america does not forget our reach is long. we are patience, justice will be done, we have proved time and again we ll do what is necessary to capture those who harm americans. go afternoon those who harm americans. we ll continue to take direct act where needed to protect our people. and to defend our homeland. lou: badge has been the obama administration has been subject of strong cretis criticism for g position on u.s. military and response to threat. defense secretary hagel called islamic state a imminent threat last week. while joint chiefs chair general martin dempsey, called for action in syria. dempsey walked those statement back sunday and yesterday. dempsey has decided islamic state is quote a regional threat, no longer recommends airstrikes against those target in syria. while president obama did not rule out action in syria today, he m
let us take you to scarlet fu. scarlet: new home sales was makes up 7% of the residential market but it is counted one contracts are signed a being more timelier and they saw a drop of 11.4%, the first the client in four months that follows three straight months of gains. it is 481,000 on a net basis. additionally, the february numbers were revised lower as well. recent home cells have been constructive at the upside potential is limited by a lack of inventory. they were projected to soften but this is a bigger drop than what economists have been looking for. this doesn t seem to have much of an impact on financial markets on u.s. stocks. u.s. stock indexes are moving higher. the actual change is negligible because the s&p 500 has little change. you are seeing the leg higher here for u.s. stocks. evidence perhaps that the housing market is under pressure. erik: thanks very much. we are waiting for statements from president obama. he will be speaking to reporters in the white
brutal terrorist group in iraq. i have thundershowered our diplomat i have authorizeed our military and advisors who are there. america does not forget our reach is long. we are patience, justice will be done, we have proved time and again we ll do what is necessary to capture those who harm americans. go afternoon those who harm americans. we ll continue to take direct act where needed to protect our people. and to defend our homeland. lou: badge has been the obama administration has been subject of strong cretis criticism for g position on u.s. military and response to threat. defense secretary hagel called islamic state a imminent threat last week. while joint chiefs chair general martin dempsey, called for action in syria. dempsey walked those statement back sunday and yesterday. dempsey has decided islamic state is quote a regional threat, no longer recommends airstrikes against those target in syria. while president obama did not rule out action in syria today, he m