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What's On: Timken, Housing and the GOP's 'Contract'

Here's what's up on Thursday's Squawk on the Street:

--Earnings, politics, housing and jobs — all the issues important to your money. Before the bell, investors react to jobless claims and speculation begins as to what will be in the GOP's new "Contract with America."

The first Contract was released six weeks before the 1994 election, and it was good for your money. The Dow soared more than 70 percent between 1994 and 1996. Will the second one have the same effect? Share your opinion in today's Street Poll where we ask if you think the GOP taking back the House this November is good for the economy.

--Staying on jobs, we'll talk to one CEO who has no choice but to outsource to China and Mexico. Is there anything Washington can do to get him to keep jobs here in America?

--Earnings also are front and center with the CEO of Vail Resorts talking about profits and what he expects from the upcoming ski season.

--Plus, a wave of major changes to our healthcare system kicks in today. We'll see how the health insurers and hospital operators are peforming and whether to get in or out of that trade.

--At 10 a.m. ET sharp, a fresh read on the housing market. Will the existing home sales number prove the worst of the housing mess is behind us as some are predicting? We'll have the numbers, immediate market reaction and analysis.

--Watch out for shares of Timken. This company that makes stuff that helps make other stuff is trading near its 52-week high. We'll ask the CEO whether it's a sign the economic recoveyry is firmly in place.

Watch the opening bell on Squawk on the Street with Erin Burnett, Mark Haines & David Faber weekdays starting at 9am ET.