Good Wednesday morning. Welcome to Spock on the Street. I'm Sarah Eisen with Carl Kintania and David Faber, live as always from post nine of the New York Stock Exchange. Stocks are rally mode again today, perhaps celebrating the Japan trade deal, which we'll talk about in just a moment, up a little bit, on the S&P, NASDAQ's kind of given a little back, unchanged. We're waiting some big tech earnings. If you look at the breakdown of what's moving right now, healthcare is actually the leading sector, up 1.1% industrials, also strong, energy. We've got a few energy CEOs coming your way, a technology, a little bit under pressure, and so are financials ahead of Alphabet, Tesla, IBM earnings. Take a look at Treasuries here in the early action. Light data week

today ahead of the Fed next week. A little bit of firming of yields here. The tenure at 4.37, so nothing

dramatic. Two year, a little elevated at 3.8. Coming up on today's show, we are getting you set for one of the

most important day of earnings seasons with reports this afternoon, as mentioned from Alphabet, Tesla, IBM.

We'll get Chipotle and more.

We'll talk to a portfolio manager who counts one of those names as his top holding.

Plus, nuclear company, Oaklo, teaming up with oil and natural gas firm Liberty Energy

on a new partnership to power large-scale projects like data centers.

The CEOs of both of those companies will join us this hour to discuss.

Let's get some existing homes this morning with our Diana Olock.

Morning, Diana.

Good morning, Carl.

Existing home sales in June dropped 2.7% month-to-month to a seasonally adjusted annualized rate of 3.9 3 million units. That's a miss.

The street was looking for essentially flat, sales unchanged year over year. Now, this report is based on

closing, so contracts likely signed in April and May when the average on the 30-year fixed jumped

over 7% a few times and never really went below 6.8. Now on supply there were 1.53 million units for

sale at the end of June. That's up 15.9% from June of last year representing a 4.7 month

supply at the current sales pace. Six months is considered balanced, so we're still lean.

And the median price of a new home sold in June was $435,300 up 2% year over year.

And another record high for the month of June. That is the 24th consecutive month of annual

increases. Houses are spending longer on the market and average 27 days compared with 22 last

June. First time buyers at 30%. Historically, they're at 40, and all

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