for nightly business report, i'm diana olick in bethesda, maryland. >> meritage home reported a strong quarter. pulte and d.r. horton out with their reports thursday and friday. >>> schwab hit by a second cyber attack in as many days. we'll ask a security expert how businesses and individuals can protect themselves. >>> first, let's take a look at how the international markets closed today. >>> investors were busy all day analyzing a new batch of earnings. we begin with qualcomm, the chipmaker reported after the bell profits in line with estimates, and revenues ahead of expectations. it's a big supplier of chips that are used in apple devices and galaxy phones, but with concerns about a slowdown in smart phones, qualcomm expects profits in the current quarter to come in lower than analysts recommendations. shares tumbled more than 4% after hours. >>> zynga reported a penny a share. that's the good news. the social gamemaker issued a very sharp warning about revenue for the current quarter. shares were up more than 5% before the close. they dropped more than 10%. right after that earnin

for "nightly business report," i'm diana olick in washington. >> diana was talking to a gentleman that was saying you don't know you're in a bubble until you're out of it. and anecdotally, we hear so many stories in this area at least of people going to see a house and then it goes into an auction phase. so you get this feeling that there is a craze. >> things in my town are selling the day they come on the market. >> exactly. >> the weekend they come on the market. >> exactly. >> but it's a good sign. it indicates to me that people are feeling more secure in their jobs and incomes and credit is more available, but not to the same extent it was back in '06 and '07 when we had the so-called liar loans that were so prevalent. >>> to market focus now and pfizer, which reported lower than expected profits and trimmed its outlook for the rest of the year. pfizerer blamed the bump in the road on poor sales over in europe and the strong yen lowering sales in japan. pfizer occupied the dow basement all day long, losing 4.5%. >>> investors cheered best buy's decision to sell its stake in a euro

diana olick is breaking down whether the housing market is indeed in overheated mark eed m.ve a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national. go like a pro. >>> welcome back. as evidence mounts that the housing recovery is on solid ground, some market watchers worry that another bubble is in the making. diana olick has been crunching the numbers to find o

. >> diana olick watching them. >> i think this is a great number, carl.treet and they were looking for 314 and we got 1.5% and inventories we've been looking at a lot for existing home sales remain the same at a 4.4 month supply. home price and 247,000 and that's up from 239,800 one year ago in march. the homebuilders have to keep raising prices because land, labor, material, prices for them are all going up. we saw it in the sentiment numbers. the homebuilder sentiment dropping for three straight months because of these land, labor and supply issues and their costs are rising and that's why they go up, but if sales continue, that's still a good thing for this, but we also have to remember starts. they were disappointing in march and we saw multifamily starts rise, but not single family. because those first-time buyers are being the competition from investors and all-cash buyers are pushing them out of the existing market and into the new home market. they've been trouble keeping up with supply of homes and 4.4, that's low, about you this is a good number

cnbc's diana olick is back with the painted lady now up against a home called the english manor, showny dolly knows where it's located and we're going to find out after we take this look at it. >> this three-story, 1890s victorian sits on about a third of an acre with lake access, mature landscaping, a hot tub on the back deck, and a three-car garage. its unique facade is known as a painted lady. >> this two-story english garden style house built in 2007 sits on just over a tenth of an acre. it has an attached two-car carjack, a land skaipd yard, and a wrought-iron front door and balcony. >> this wide-open floor plan boasts 3,700 completely renovated square feet plus a finished basement. it has a back staircase, stained glass throughout, and one of five fireplaces right here in the kitchen. >> at the heart of this 4,400 square foot home is a gourmet kitchen with stainless steel appliances, granite countertops and a trafrtine floofr. >> the stained glass follows you up the bedrooms. you can almost feel it here in the master bedroom, because this house was once a brothel. >> with a gas f

. >>> and that other big ipo set to price taylor morrison, diana olick is in washington with the pricinghallenges that one faces. >> hi, tyler. not a whale, but analysts are calling this a strong offering. taylor morrison is not a start up, but a company already taking advantage with a very solid pipeline. the scottsdale, arizona builders plans to sell 23.8 billion class a shares for between $20 and $22 a share, making the deal worth as much as with sales and orders sup 46% from 2011. taylor morrison builds in arizona, california, florida, texas and colorado, as well as having an arm in ontario. the average home price is $364,000, so a step above the starters, but not quite the luxury -- not entry level, not active adult, and not quite luxury. private equity firms bought the company back in to 11, and taylor morrison says in the filing it intends to use approximately dlsh plus 7 million of cash on hand to buy back shares from tpg and oak tree. analyst alex barron from texas-based housing research center believes that revenues will be up, with an estimated book value of 12.50 a share afte

diana olick has the lowdown on that very important story coming up. details.s that make life truly amazing. that's why southwest worked hard on the little and big things to build a better in-flight experience featuring access to wi-fi, live tv, and updated cabins. getting there just got better. we are southwest. welcome aboard. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. it's just common sense. welcnew york state, where cutting taxes for families and businesses is our business. we've reduced taxes and lowered costs to save businesses more than two billion dollars to grow jobs, cut middle class income taxes to the lowest rate in sixty years, and we're c

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i'm diana olick with breaking news from the national association of realtors.e 1.5% month to month and that is slightly above expectations, but the realtors say sales are leveling off despite this being the usually busy spring market. the pending home sales index is up 7% from a year ago. these are signed contracts and not closings and an indicator of future final sales. contract activity has stabilized in a narrow range due to limited supply of homes for sale. listings were down 17% from march a yore ago according to realtors who say little movement is expected in near-term sales closings. the sales index was unchanged month to month in the northeast up .3% in the midwest, and up 2.7% in the south and up 1.5% in the west. still slow housing starts and millions of underwater homeowners are keeping listings low and some potential sellers are waiting to see just how prices would go and prices up 7% in february a year ago according to the lender processes. lots more online and realty check.cnbc.com. >> thank you for that. >> the first data point among many that we

. >>> >>> welcome back to "squawk on the street," i'm diana olick with breaking news.g home sales in march down, 0.6% to a seasonally adjusted 4.9 million units and that's from a downwardly revised figure and that is a miss. the street was looking for about 1%. 4.92 million units and not hitting that 9 million mark that the street was looking for. realtors saying we are stuck for the past five months. >> 184,300. that is up 11.8% year over year, but again, this is a mix of homes issue. we have to keep in mind that your home price is not up 12% year over year. this is the fact that sales of homes priced under 100,000 are down 16%. sales of homes priced over 500k are up 25% and that is shifting the median mark. inventories and that's what we're watching, up 1.6%, but still down 17% year over year. usually in march you see an increase of about 100,000 homes coming on to the market. we only saw 30,000 coming on. that is the problem in the market right now. very tight inventories and just a 4.7 month supply. the realtors are looking to april hoping they'll get 200 to 300,00

diana olick in washington today.old, but we have a trader who is still bullish on the metal long term and thomas joins us from the nymex. >> good morning. down more than $100 and 1397. we did get down to 1384, i believe. what are you waiting for? 1300? >> well, at this point, we look at the retracements in terms of the technicals and we had a 38% retracement from the 681 low to the 1920 high which was 1450. we blew through that which was a 50% retracement so we look to see if it reacts if it's down there. >> any guesses as to how long it would get there? >> at this point it would happen probably wednesday. >> factually. this has been a pretty drastic drop and volatility in the options market has exploded overnight and just a lot of margin calls and people liquidating their positions and a lot of passive longs that were in the market are out. most people that bought gold last year are under water so they have to liquidate their positions. >> beam want to explain it with these big fundamental explanations, thomas. rose