CNBC's Robert Frank reports on "the wealth effect," saying a new study finds housing drives people's spending much more than stocks. Phil Tibi, Cambridge Properties realtor, offers insight on housing listings in Phoenix, Arizona. "The buyers are certainly back," says Tibi.

Housing stocks are up over 240 percent from their trough in March of 2009, CNBC's Diana Olick reports.

CNBC's Seema Mody reports the latest in tech, including news that Apple is dragging down the Nasdaq and Amazon's acquisition of Ivona, a speech-recognition software company.

CNBC's Sharon Epperson reports HSBC says it "no longer views gold as a sound investment."

CNBC's Sue Herera discusses bond prices and yields.

California's Gov. Jerry Brown says the state will not only end the fiscal year in June without a deficit, but will have a $1 billion surplus in the next year, reports CNBC's Jane Wells.

Jim Grant discusses the bond market's next move and looks at the possibility of a bond selloff, with CNBC's Jackie DeAngelis and the Futures Now Traders.

Doug Kass on Apple's next move after the stock plunges 10 percent following earnings. The man who called the plunge on his next move, with CNBC's Jackie DeAngelis and the Futures Now Traders, Rich Ilczyszyn at the CME and Anthony Grisanti at the Nymex.

The widely followed publisher of Grant's Interest Rate Observer explains why stocks look more attractive than bonds now, with CNBC's Jackie DeAngelis and the Futures Now Traders.

Douglas Kass, founder of Seabreeze Partners, comments on what Apple's stock might do next, with CNBC's Jackie DeAngelis and the Futures Now Traders.

CNBC's Julia Boorstin and Jon Fortt discuss whether Apple investors are running to Netflix, and why.

Tech stocks are under pressure, reports CNBC's Seema Mody, saying Apple is one of the catalysts.

How to play Apple after the stock reported Q1 earnings, with Shaw Wu, Sterne Agee senior tech analyst.

Can investors trust the 40 percent move in Netflix? CNBC's Herb Greenberg takes a look.

Steve Milunovich, UBS analyst, explains why he cut the price target on Apple for the second time this week, yet still retains a "buy" on the stock. "They have to find more ways to monetize" their ecosystem, Milunovich added. The FMHR traders, weigh in.

The FMHR traders reveal their final trades of the hour.

Anthony Scaramucci, SkyBridge Capital reveals how some of the world's biggest investors are playing their bets, including the trade on Apple and Research in Motion. And, a currency trade on the euro/U.S. dollar, with Andy Busch, The Busch Update editor-in-chief.

With Microsoft releasing earnings after the bell on Thursday, top traders Stephanie Link and Stephen Weiss debate whether this stock is a big value or just a big value trap.

CNBC's Herb Greenberg looks at the monster gains in Netflix. Considering the stock tanked in first half 2012, can this rally endure?

The FMHR crew focus on some of the day's biggest earnings movers.