The First Look - Alix Steel, Bloomberg TV Markets Reporter

Good morning big day on Wall Street yesterday character on June night with you here on a Wednesday morning in Dallas 74 point. The apple indexing mean the NASDAQ was down eight points. The S&P 500 up five points and the Russell 2000 up 6 points I am very are strong big date to report on today June. Futures are up across the board now and I think a lot of it certainly has to do with the apple earnings announcement that came out yesterday at about 130. Absolutely okay let's take a look at those futures Dow futures up forty NASDAQ up 53. Of course S&P 500 up eight of the ten year US treasury is flat at one point 991 gold trading down two dollars ninety cents oil trading up 88 cents. 210443. Barry how you like them apples. I love them Apple's CEO of apple and Apple Stock. Story of the day of course. Speaking of Apple Stock we're joined by Alex -- she's a markets reporter for Bloomberg TV and Alex welcome to the show Daria Dolan. Hey I don't think we've ever worked together before but I was watching your reporting on Apple's last night so glad you're here. With what's apple doing today before the market opens with the stock. Apple a pretty big at that premarket about 9% to keep in mind that at -- after Apple's now 12%. Over the last few weeks investors worried about their earnings report worried about maybe I unveiled a comment -- worried about. Slowing growth apple definitely responsible for about her being in the at and he they countered -- 8%. Of the execute last year -- rally though it. He can definitely -- if you waited -- but it. Okay now the S and -- 8% in the nasdaq's what about 18% apple. I actually don't have that this but it breakdown and that that I can tell you that over the last two years Apple's rally and a -- and rape and yet. He's two years out a pretty significant. All right -- I was reading a story about a company called human genome. And they got a heck of an offer from GlaxoSmithKline. And I was surprised to see that they rejected the offer. He -- late may be helped -- -- help us out understand why. They would offer -- turned down this Glaxo offer that seemed to be a huge premium on their stock price. Yet whether these premium of 54%. Premium on Friday closing price the thirteen dollar. And there offer basically said that GlaxoSmithKline under valued at that the that bailed -- a potential treatment. That human genome was working on at a particular drug could generate almost 202 when he million dollars and four. -- and the 2012. And helping the company over turned its first annual profit in 2015. That's all these you know a lot with this base. Sort of buying for the best offer possible hoping to get a better bit down about pitting one company against another to help their premiums go up this happens a lot and in the Biotech based. Is it the Biotech has a lot of them NA activities that help the big companies get their new drugs this is by buying you know younger companies that are doing a lot of par and he work. Under the emanated there's always that two ways than 100 and it grew it for you -- and make the drug to expel. The -- can be costly technical like timing neither one will be in -- takeover -- -- go ahead by the companies hope that that jacket created here earnings as it is possible it apathetic it's all over in an -- and man I do a lot of work on the gold mining sector and that's definitely the case threat by -- nickel deposit yourself we -- I thought well -- Don't get the indications about real -- we got the real estate data yesterday. We're getting housing market index we got the Case Shiller Index -- indicated that about nineteen out of twenty markets I think may have hit the bottom. Com eight is there evidence that this is kind of the the bottom of the real estate market when you look at real estate on a national scale I'm not talking about commercial property and talking about. Your residential properties -- Graham's and and homes. Kind of bottom in 08 and the -- I feel like economist and portfolio managers -- now hesitant to do because two years ago I think people start talking about a vitamin hat thing great is however. They report that we got existing homes they'll match. Kate Shiller index reading from yesterday -- seem to market stabilization conversation. Now Barkley -- wrote that that. Broadening of the increase. A particular index though properties in Phoenix. Miami please -- that -- really hard hit during their respect you are -- knowing these increases -- regional housing market turn the corner experiencing a stable home prices later on this -- as a very positive time. Deutsche Bank also lot of work in terms of actual numbers. -- bail out there and to a bank coming out thing apple and number -- new home but they'll actually felt to a record low. Of one point seven million which means there's just about five point three month that the -- and that's also. A really good -- you hum failed they put pressure on the inventories that could -- to pick up in permit -- perhaps housing starts the bank to meet new construction and that helped. Overall growth the very encouraging. Nine yesterday. Can can you go back to that data about -- lowest amount of homes for sale are you talking now that there are fewer homes for sale in the United States and we've ever seen before is that is that we are now new homes okay brand new construction while. And new home now make up for about 7% of all the property that was 15% at a height though a new homes are definitely less in court. That existing home but you hum -- for Baylor now. At a record even though existing home sales are now down at -- when he 1%. Of existing homes for sale that's going on percent over the last year also -- -- Yeah it it would seem to be good side. -- I missed the durable goods data this morning he came out at 830 did you happen to catch that. Oh you bet I did this is an interesting point here though there was that big -- -- -- by the most in three years note. Terrible -- -- -- -- -- there's supposed to last longer than three years and down over four -- and and the February data was revised down also I content that our panel that don't positive. -- territory. Now nonmilitary capital -- that I aircraft. So that's basically a proxy for future business investment. -- also down are expecting an increase about 1%. And down eight -- that percent. Deutsche Bank like the latest underlining cart and I'm coming and saying that a court statement. Were up. Almost 3% in March and that is it doubled the game that they on figuring that maybe of the underlying merit if you -- -- look at it -- I -- Teachers well and academic in Wellington at a big bike on its earnings and herbal bit and hit it and now it's sort of recovering here about the indication. It would have their earnings been in the last 24 hours -- any big surprises are big -- obvious who get the big positive surprise on Apple's stock. What about the other ones like caterpillar -- bowling. Yet -- color hat. To another quarter over the back and now I've built sport -- China that is net income rose two dollars 37 cent this year. Great -- earlier profit forecast at 2.5 percent the previous projection. Basically it's partly due to the replacement cycle that the average. Construction equipment rentals to -- about 52 months -- The peak at that he street -- The older conduct and get equipment -- -- ever played it better news for caterpillar however. Adler said the attic compact equipment sales were weaker and -- China they'll likely down for the years that come up and down the stock down about 1% right now. I'll know that are well thank you out I appreciate your time very great job. Art that's out steal from Bloomberg joining us today on the financial exchange.