Market moving insight and analysis join Jim Kramer, David Faber, and me, Carl Cantonia, on the opening bell hour of CNBC Squawk on the Street.

Good Thursday morning. Welcome to Squawk on the Street. I'm Carl Kintania with David Faber here at Post 9 of the New York Stock Exchange. Sarah Eisen, once again in D.C., live from the World Bank, this hour, big interview coming up from Sarah in a few minutes.

Meantime, markets trying to stay constructive here. Dow's up 45, S&P holding 40, 5415. Treasury's

10-year about 433. Some of the big movers we're watching today include some names under pressure like IBM, despite beating estimates.

After saying some of its federal contracts were suspended, some exclusive comments from their CEO coming up later on this hour.

On the flip side, Texas Instruments rallying, thanks to some strong guidance.

P&G, Pepsi, Chipotle, all on the move after results.

More on those names coming up in the moment.

And some healthcare names in the red, namely Merck and Bristol Myers, despite a top and bottom line beat from both names.

We also have some housing data just crossed the tape. Diana Oleg has that for us. Diana.

Well, David, existing home sales in March fell a much wider than expected 5.9% from February to a seasonally adjusted

annualized rate of 4.02 million units. Sales down 2.4% from March of last year. And that is the

slowest March sales pace since 2009. The Great Recession. Now remember, this count is based

on closing, so its contracts likely signed in January and February when mortgage rates were over 7%, but it was before the market volatility of April.

Supply is rising fast. 1.33 million units for sale at the end of March, up nearly 20% from the year before. That makes a four-month supply supply which is still on the lean side six months

is considered a balanced market more inventory and slower sales are starting to put the chill on

prices the median price of an existing home sold in march was four hundred three thousand seven

hundred dollars that's still an all-time high for the month but it's only up two point seven

percent from last march and that annual comparison is shrinking first-time high for the month, but it's only up 2.7% from last March, and that annual comparison

is shrinking. First-time buyers made up 32% of the market the same as last year. They should

be around 40%. All cash dropped to 26% from 28th the year before, but investors held SETI

at 15% of sales. Sarah? All right, kind of a bad combo, weaker sales, higher prices.

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