Owned homes is falling short. The consensus among economists we surveyed was four point 4. 9 million. Economists were looking for a 1. 7 rise. That had been ratcheted down from last week. Existing home sales are tallied only when purchases are closed. They do account for more than 90 of the u. S. Residential market. Perhaps harsh weather played a role for the disappointing read. When it comes to effect on the market stocks are not showing much change from this latest report. The dollar remains weaker. The 10 year yield is pretty much where it was before. Off its low, certainly. This kicks off a week of lots of housing numbers. We will have that for you throughout the week. Matt thank you so much. We will dig deeper into that story in just a moment. Olivia lets start with the bulletin. The top business stories that you should be watching. This week could prove decisive for greece. Prime minister tsipras is meeting with Angela Merkel this week. The bailout money is not likely to happen u
Protests and chants. All temporarily stopped when Michelle Obama took the stage. Dont let anyone ever tell you that this country isnt great. Reporter Michelle Obama bringing down the house on night one of the convention. This is the greatest country. Reporter the first lady leading headlines, including Hillary Clintons rival Bernie Sanders. Thank you. Reporter after a hardfought primary, sanders welcomed to the stage to cheers in a threeminute standing ovation. Before delivering a fullthroated endorsement of his former rival in the most important political moment of the night. Hillary clinton will make an outstanding president and i am proud to stand with her tonight. Reporter sanders emphasizing the stakes of the election. If you think you can sit it out, take a moment to think about the Supreme Court justices that donald trump would nominate. Reporter while comforting disappointed supporters, many getting emotional during his remarks. We have begun a Political Revolution to transform