david: that is michael --michael maduell. attention to the retail have and have-nots with walmart up after best sales in a decade but jcpenney, if it open right now, it would be a record low. based on inventory mismanagement , they have to much and have to discount. and the users -- the u.s. housing market on deck. we will break it down. this is bloomberg. ♪ alix: this is bloomberg daybreak, i am alix steel. today is a risk on. dow jones futures up 217 points as we wait for the latest on housing. european bank stocks up .2% despite their flirting with the bear market and italian banks getting hit hard. the dollar rally taking a pause. bonds selloff taking a pause in the commodity route taking a pause. we have building permits month on month coming up 1.5%, better than estimated and the previous month which was hammered, down 2.2%. provides upwards and now down only .7%. housing starts coming in light. 7%, which isersus what had been expected. permits are better. starts not as much and jobless claims grinding, 212,000. david,