Welcome to Seeking Alpha's Wall Street Breakfast, your daily source of market news and analysis.

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Good morning. Today is Monday, June 6th, and I'm your host Julie Morgan.

Our top stories, Home Equity, Tariffs, and Apple.

But first, let's take a look at market futures. The Dow S&P and NASDAQ futures are up. The

Dow up 263 points, the S&P up 42 points, and the NASDAQ up 172 points. We'll take another look at futures as well as the world markets

crude oil and commodities in a few minutes. In the earnings spotlight today,

Kupa Software.

Now are our top stories.

U.S. mortgage holders saw a record 1.2 trillion dollar boost

in tapable equity in Q1.

This is according to the Mortgage Monitor report from Black Nine. in but how slight. Home prices gain 19.9% year over year in April,

compared to 20.4% in March. Black Knight says April's decline is more likely

the sign of deceleration caused by rate increases.

As of May 19th, the payment to income ratio increased to 33.7%.

The previous record was a half a point more. The monthly principal and interest payment for the average price home is up nearly $600 more than at the start of 2022, is up $865 more than before the pandemic.

The Biden administration may make some moves on tariffs

to help ease price pressures.

The Commerce stay competitive. The Commerce Secretary said it's a matter of national security to keep the

tariffs on things like steel and aluminum. This also protects American workers and the steel

industry. However, she said household items, bicycles, that's where it makes

sense to take a look at the tariffs. And more waivers are set to be announced today as the

...