the swab, what we had there was a very good interview with our own sara eisen where the ceo bought 50,000had money inflows, and then, the evidence lab, david, i know you always follow the evidence lab. >> oh, yes, i do >> because of "csi." >> i love their show on cbs too. >> well, it's unbelievable >> it is incredible. >> they come out -- >> their flu thing is just unparalleled >> they initiate buy on western alliance >> this is the time -- david, western alliance, too early. >> you think it's too early? too early for credit suisse also, then >> credit suisse is getting -- remember, one of the things i learned when i was at goldman-sachs, being taught by the great david tepper of the panthers, is that stocks stop at zero they never go below. >> no, they don't. >> no negatives. so, let's get away from that whole concept. >> well, they got $1.80 to go there. we got to watch it closely again, the market cap with credit suisse is some $7 billion in other words, all the $4 billion they raised from the saudis has been wiped out. by the way, the saudis,though, continue to be confident in the tra

. >>> not all doom and gloom, the semis, a safe place to hide out this year, i'm sara eisen, in for melissa lee. on the desk tonight, mike khouw, brian stutland, and tim seymour joining us, news alert, layoffs at meta, julia boorstin with the details. what do we know? >> so sorry, sara, here's what i got for you. meta is declining to comment but "the wall street journal" is reporting there could be another series of layoffs that would match the layoffs done by meta last year, last year they laid off 13% of employees "the wall street journal" saying there could be several rounds of layoffs to accomplish a meaningful number of employees dropped in the same range is what they saw last year. in terms of what types of employees could be fired, it could be people in the category around wearables, which are certainly not in the cor meta business, about advertising. a lot of conversation about how these would be non-engineering roles, people in areas such as marketing and the likes. no comment from meta i would note the last time there were these layoffs there was a big headline in the "wall street

i'm sara eisen with my good friends, dom chu, in for carl quintanilla.e. setting the stage, canyon partners, josh friedman. morgan stanley says it's too early to buy stocks. friedman also agrees >>> sara, double line's chief investment officer jeffrey sherman is with us yields are falling as investors continue to fly to safety, bidding up government bonds. we have details on why credit suisse bondholders are absolutely outraged this morning. >>> later, former s.e.c. chairman jay clayton penning an op-ed with

"squawk on the street" returns right after this i'm carl quintanilla with sara eisen. >> uplus, an exclusive int with general millsu■■■@■á ceo, harm oning >> and laterq■ on,l■ç■ alan ratr pending home sales rising in 5a■ february, but down 21 year on5a■ year pretty interesting housing data thise■ week. >> take a look at stocks, starting off pretty strong this morning. every sector is higher today it is being ledi] by technology, but also strength in materials and q■energy the nasdaq comp up a full

we leaned in deliberately.i■ sara eisen points out, okay, while inventory grew 50%, better thanr higherto men's apparel, direct tolp consumer, international. the areas of growth over the j■wa better overall macro i think it's justified from the■ standpoint of better than feared.i >> what do you do with it?ñ■ >> me personally it goes under review.r there's a company that has a fantastic balance sheet. what was infá question was theo■ momentum was xd■i■ost, there was something that towards?■m■the e of january momentum was building again positively.Ñ it's confirming thatt■ indicator >> so citi, weiss, you used to4o upgrades it to a e1Ñi■uy quote,q■ checking all the boxes, all systems go bernstein goes to Ñ■320. they're underperformed by the way. they reiterate they're underperformed.e1e1e1çó■ he adds it tolp theÑi■focus lis0 is the price target there.o■f■j■ >> i was going to buy it back and analystsl■ talked about it's going to be a good quarter >> youi■ didn't believe the sto analysts >> they moved quicker than i did.o■ look, i've already missed 10% in the stoyk■ i can't buy it here based

sara eisen is on assignment and we will check in with her later this hour. up its balance sheet. talks in early stage. first republic up 16% off the opening highs and we're watching first citizens today the bank announcing plans to buy silicon valley bank deposits and loans that includes the purchase of $72 billion in svb assets at a discount of $16.5 billion and first citizens up 7% to start. >> we've had two different quotes on that, though. we've had fcnca also, right, has been up a lot more than that, i believe. >> two share prices. >> i think so. that is up 42%. you see it. the other ones are up as you see 7%. mike. >> yes. obviously, you know, bank rescues instead of new bank failures is part of the story this morning and it's kind of an interesting, you know, entre into the week because the big question i think has been why has the market held up as well as it has and two to three weeks since we first were in this mess and i think one of the answers is most stocks haven't held up that well. >> back to equal weight. >> yeah. >> i mean the equal weight

i'm sara eisen with carl quintanilla. we are live on the floor of the new york stock exchain. setting the agenda, former managing pimco director paul mccully. why he is fighting with the market over the fed for now. >>> maxine waters is with us as congressional hearings on the collapse of silicon valley bank kick off today. >>> later, two takes on the consumer, the ceos of both mccormick and tapestry join us this hour. >>> as for the market day, relatively muted. dow is basically flat. s&p having trouble getting above 4k. got some tier 2 ecodata. yesterday was the tightest s&p range and lightest volume we've had since the banking crisis began. in a way, it's a bit of a pause that's refreshing, in a sense. >> because the back drop is, two straight weeks of gains for stocks, led by technology, the s&p growth value hit the highest rate since october because treasury yields plunged on the view that the fed is going to be cutting sooner rather than later and will be cutting interest rates. now we see if the market feels confident about that situation. the latest economic data we've

let's get to sara eisen, live at shop talk in vegas covering all things consumer. >> reporter: yes, morgan good morning. good to see you. looking forward to this interview with carnival to talk about what's happening. josh weinstein joins us. he is the ceo. this is his first interview since taking over from arnold donald. josh, good to have you on the show. welcome. >> thanks, sara. good to be here. >> let's start with the quarter. it was really strong, smaller loss than expected, revenue growth, almost back to 2019 levels. what's driving that strength? >> well, you know, it's what you ended with, the revenue picture is incredibly strong for carnival corporation and all of our brands. our first quarter performance showed our per diems up significantly over 2019 and we just came off a record booking period. typically known as wave in our cruise industry and we set a record for carnival corporation. most bookings we've ever had. >> so, wave is, as you say, seasonally strong, right, january through march. is the strength continuing into march now and throughout the rest of the year? >> absolu

visit indeed.com/hire i'm sara eisen with carl quintanilla.he new york stock exchain. setting the agenda, former managing pimco

i'm sara eisen with carl quintanilla. live from the floor of the new york stock exchange. the heels of the landmark c.h.i.p.s. act and possible foreign investment in china. >>> jill carrie hall is with us as anxious investors pause ahead of powell tomorrow why four macro events over the next two weeks could decide this market. >>> plus, saks ceo marc metrick. >>> markets moving highe

i'm sara eisen with dom chu live from the new york stock exchange. setting the agenda today.ce richards, his takeaway from the fed and clues about the credit markets. >>> and we got former wells fargo ceo reacting to the banking crisis and where the fed lost the plot. >>> first up, take a look at stocks this morning. s&p is off by 0.50%. strength in utilities, real estate. defensive, even though it's had a horrible week. >> we were -- within the 7:00 a.m. hour we thought we were going to open down 300 some points, maybe 400. we've gotten back a considerable amount of momentum from the session lows so far, sara. like you point out, it's some of the weirder pockets. it's a weird mix. it's not straight cyclical, straight defensive. this today is going to play out. >> what's amazing is the s&p is up 0.3% for the week. >> for the week. >> the nasdaq is up 0.10% for the week. month to date, strong in communications and services and financials are down 15%. >> it's shaping up to be, by the way, a tremendous quarter for technology overall. so, a huge reversal from the consensus just

i'm sara eisen with carl quintanilla live on the floor of the new york stock exchange. setting the agenda for us today, dan niles, not believing in the bounce he says he's starting to short name financial services sector after the recent rally he joins us in a few minutes with stocks in the green after lower than expected data. >>> plus, is commercial real estate the next victim of the banking crisis we're joined by the ceo of ray group east properties. >>> taking a look at stocks on the final day of the week, month-end, quarter-end, on what has been a positive run for stocks the s&p is adding 0.6%, a broad rally. more stabilization in the banks, though the banks are the hard spot of march and of the quarter so far, down more than 20% ask if you would have told me the nasdaq is up 15% on a month where we saw the second biggest failure of a u.s. bank in history and multiple bank runs, it would be unbelievable. >> i'm thinking back to the first day of svb coverage where morgan stanley called them highly idiosyncratic a four-to-one update, getting close to what some think

i was talking to sara eisen this morning and, yes, if indeed the data comes in jobs on friday, the number is 225, i think that's okay. it depends on what's going on with the wage data, if the wage data is hot. i think that's going to be fulfilling one or two checked boxes we want to talk about and then the inflation data next week powell, i think, is being clever here he doesn't have to decide yet. he's preparing the market. there might be a little of what you might call here, scott, opportunistic disinflation j jawboning. the market was running with him. all right, i'm going to take that and let it go a little further. if you look at the fed rate outlook chart that shows where we're at, a new high on the terminal rate and then also a new high on that january 24 which is the proxy we used for year end, you can see they're all above where the fed is penciled in in the december rate that number, the fed median rate, will go up in march. we're trading now, scott, 56% probability. it is the odds-on bet for the market >> all right steve, i appreciate you being with us right after this testimon

i'm sara eisen here with carl quintanilla on the floor of the new york stock exchange, setting the agenda for us. jpmorgan's michael furoly with an inline cpi number, while wall street is resetting fed expectations ahead of next week. >> two more regional bank ceos on the sharp rebound today key corp's chris gorman, and kevin blair joining us >>> later, an exclusive with the former ceo of disney, michael eisner on set with us at post nine the state of vc funding, disney, and much more. >> a lot to get to today s&p, 3925, not that far away from the 200-dayaverage. we'll see how much that acts as resistance dollar index back below 104. vix, 23. >> feels better. the banks are all rallying, especially the regional banks and so are technology companies. we'll kick it off with the inflation print. in light of this morning's economic data and svb's collapse, our next guest expects the fed to raise rates by 25 basis points next week, saying he thinks a 50 point hike is now off the table. joining us, mike feroli. the debate is 25 versus pause, mike why do you think 25 is happening? >> so, i think

i'm sara eisen with carl quintanilla. setting today's agenda jeff solomon, his warning on the remaining risk in the banking system. >>> the call everyone is talking about the street needham's laura martin on why it makes sense for apple to buy disney. >>> later an exclusive interview with chewy's. >>> meanwhile, s&p and the dow at highest levels since early march. we continue to lookfor signs o cracking, but holding 4050 on the s&p. the nasdaq at 12,000 and change. that's pretty much an interday high going back to mid-february with the vix not quite the teenager it was earlier. >> we'll start with that, change in sentiment and improving sentiment. according to jpmorgan. a trading note today after yesterday's pricing action, it's beginning to feel the risk/reward of a tactical bounce higher is increasing they say it's not a reason to be bullish but it remains light with room to chase let's bring in cnbc senior markets commentator, mike santoli here on the floor, positioning his light. >> we're up 5% after the shakeup after

i'm carl quintanilla with sara eisen. setting the agenda today, wilmington trust why she's leaningçó■into growth why tech has baked inxd■more bad news than its peers. >> uplus, an exclusive int with general millsu■■■@■á ceo, harm oning >> and laterq■ on,l■ç■ alan ratr pending home sales rising in 5a■ february, but down 21 year on5a■ year pretty interesting housing data thise■ week. >> take a look at stocks, starting off pretty strong this morning. every sector is higher today it is being ledi] by technology, but also strength in materials and q■energy the nasdaq comp up a full we'll start with the volatility and the fer look atqthis chart in thex■ past two months, predictions for the fed funds rate in january of Ñi■024, by e way up as high as 544 to as low■ as 3.69%, butxd■nowxd■wife comek a little where we startedxd■ february mike santoli sayingqthe bondq■ market hasn't been giving a clean redqon genuine fed Ñ expectations what do you ñ■mean, mike >> at this distance,ç■ we're talking about nine months w, year-end fed fun

that was yesterday afternoon over to carl and var >> i'm carl quintanilla along with sara eisen >> today, shares of credit suisse hitting an all-time low, taking its europe peers with it as saudi arabia declines to increase its stake >> meantime, barclays' chief economist mark giannoni is with us calling for the fed to pause next week with wall street all over the place on its predictions for the fmoc meeting. >> let's start off with what we're seeing on the market mike santoli with us as we're off the lows credit suisse is in the eye of the storm. we're watching the credit default swaps, watching the share price, it's off the lows the trigger, first of all, as i said, slow-moving train wreck. this has been going on for months the trigger overnight appears to have been some comments from its saudi investor that has 10% saying, we're confident with the plan and we don't think we're going to need to increase the stake. >> the biggest investor saying that we think the bank is well capitalized, the market is trying to test whether that's true and see if it changes a chain reaction in terms o

i'm sara eisen here with carl quintanilla.om the floor of the new york stock exchange. today, fifth third bank ceo tim spence joins us as regional banks try to avoid the fallout from the collapse of silicon valley bank. >>> and thomas hoening and the federal reserve stepping in. and robert greifeld about the contagion in the markets >>> the president this

i'm sara eisen here with carl quintanilla and david faber has the morning off.as always at post nine of the new york stock exchange busy morning, huge news day in our world. s&p 500 about 3900 right now, down about half a percent. it's holding up given some of the magnitude of the declines and some of these bank stocks. the nasdaq down 0.8% on the back of a 1.8% slide in the s&p yesterday. financials and regional banks in focus as shares of silicon valley bank, this is the oi oifts -- eye of the storm plunge again. they're halted david faber telling us the company in talks to sell itself after attempts to raise capital have failed. we also got a jobs report this morning, the bottom line, i don't see how the fed can raise 50 basis points in march that was the story of the week powell put that on the table he can no longer say that these rate hikes are not impacting the financial system after what's happening with the bnanks the backdrop is a massively inverted yield curve and swift and abrupt change in interest rates and we're seeing the fallout of this and all t

i'm sara eisen with carl quintanilla and david faber.ure a little bit. the s&p down a little more than 0.1% nasdaq is positive nasdaq 100 up a quarter of 1%. you're seeing strength in consumer discretionary, communication services and technologies financial getting hit and the defensives like real estate and health care. we've got two huge events going on this hour ecb president christine lagarde and treasury secretary janet yellen are both testifying in separate events this morning lagarde is doing her press conference after raising interest rates by 50 basis points, which was what people had expected, but there were some questions going in about the banking tremors and whether she would actually do a double she did that and she's speaking and said she's monitoring the markets and situation and that they stand ready to act if needed but expressed confidence in the european banking sector and inflation is set to remain too high too long. speaking of europe, we're going to continue to monitor this for you. check out the move in credit sui

i'm david faber with sara eisen and mike santoli we are live from post nine at the new york stock exchangejim and carl both have the morning off. let's give you a look at futures. of course, as i said, as we get to the final trading day, 30 minutes from now, is when we begin, and it looks like we're going to have a lower open our road map this morning does start as it has all week with the banks. first republic getting that $30 billion deposit lifeline svb financial files for chapter 11 bankruptcy. >>> plus, treasury helping organize the first republic deal in a meeting with jamie dimon, ceo of jpmorgan, we're going to discuss what the deputy treasury secretary, wally >>> take a look at fedex surging ahead of the open. the company hiking its 2023 earnings forecast boosted by ongoing cost-cutting efforts >>> we're going to start with the biggest u.s. banks moving to rescue first republic, $30 billion in deposits, a somewhat unusual plan in the sense of, it's not about providing more capital to the bank, which it may well need it's not about buying the bank or its bonds or anything else. it'

i'm sara eisen with carl quintanilla live on the floor of the new york stock exchange. setting the agenda holly newman kroft at neuberger berman on financials and this market >> torsten shok pivoting to a hard one now why he thinks the fed is done raising rates. >>> and later former federal reserve governor and deputy treasury secretary sara bloom raskin on that decision from the fed next week and how the collapse of the regional banks factor into their thinking and potential government action. >>> these headlines the last couple minutes about jpmorgan and morgan stanley potentially looking into giving first republic a hand has turned the dow around the s&p up 25. the best week for faang since early february signs of deflation and import prices >> the lower yields directly impact the buying for tech it's why we're seeing things like cathie wood and ark it means there are still questions out there about whether the banking system is in good shape for deposits and balance sheets >> adobe's quarter not hurting qualcomm and sky works one chart that did catch our eye is the

i'm sara eisen here with carl quintanilla. we are live from the floor of the new york stock exchange. today, fifth third bank ceo tim spence joins us as regional banks try to avoid the fallout from the collapse of silicon valley bank. >>> and thomas hoening and the federal reserve stepping in. and robert greifeld about the contagion in the markets >>> the president this morning reiterating all deposits will be protected as treasury, the fed, the fdic combine to take these extraordinary measures and sure up the confidence in the banking system first republic is down 75%, despite these liquidity injections from the fed and from jpmorgan bonds are surging as yields basically collapse the two-year got to 3.99 this morning. right now, 4.02. headed for the biggest three-day drop since 1987, yet the market has turned around with the major indices in the green s&p up 18. watching the likes of lloyd blankfein tweet that a few banks may have issues like svb, but only a few fed likely on hold >> everybody is weighing in today. we'll star

i'm carl quintanilla with sara eisen live on the floor of the new york stock exchange. setting the agenda today council of economic advisers chair cecilia rouse is with us live from the white house and we'll address the turmoils in financials. >>> absolutely, kbw ceo thomas michaud. is this liquidity crunch for financials. >>> former federal reserve chair donald kohn is with us when this means for the fed. >>> taking a look at the market right now, it's actually holding up the dow's gone positive. it was under pressure earlier this morning s&p down only 0.2 of 1%. the nasdaq taking it the hardest, but we're off the lows already. we're seeing strength in groups like energy and health care today. the market is treating it like an isolated event, even inside the financials with jpmorgan about an hour ago going green. >> jpmorgan went green cramer's been saying watch j&j, the most pristine balance sheet on the s&p elevated vix back up to 24 and change as we said earlier, the fed's next rate hike is in focus after today's pretty good jobs number but the fallout in the banks

i'm sara eisen with carl quintanilla. live from the floor of the new york stock exchange. setting at again da today, u.s. commerce secretary gina raimondo on the heels of the landmark c.h.i.p.s. act and possible foreign investment in china. >>> jill carrie hall is with us as anxious investors pause ahead of powell tomorrow why four macro events over the next two weeks could decide this market. >>> plus, saks ceo marc metrick. >>> markets moving higher as yields move lower. nasdaq up about 1% s&p at a two-week high volume is nothing to write home about but there is some positive commentary from the macro desk we don't have a week of earnings potential land mines to get through. >> we do have powell, which is a biggy, could sound more hawkish. we'll talk about the chances of of a rally you mention the research notes wells fargo saying the bounce has room to run. stiefel says a run to 4300 on the s&p 500 is coming. evercore more bullish saying excess pandemic savings and healthy household balance sheets opens up the potential for the 2023 upside case of 4600 even morgan stanl

i'm sara eisen with my good friends, dom chu, in for carl quintanilla. we're live from the florida of the new york stock exchange. setting the stage, canyon partners, josh friedman. morgan stanley says it's too early to buy stocks. friedman also agrees >>> sara, double line's chief investment officer jeffrey sherman is with us yields are falling as investors continue to fly to safety, bidding up government bonds. we have details on why credit suisse bondholders are absolutely outraged this morning. >>> later, former s.e.c. chairman jay clayton penning an op-ed with solutions to save the banking system and the levels to which deposit insurance should be raised. >> it's a great conversation, given what you just said with nelson peltz this past hour. >> lots of ideas these days. markets, as you can see, heading towards session high level dow up over 1% the s&p 500 up 0.75% 3947 sara, still below that 4,000 level. the nasdaq is trailing, lagging, if you want to call it that, up 0.25%. if you look at the overall picture, it is stability, which the bulls could

i'm sara eisen with carl quintanilla live on the floor of the new york stock exchange. the agenda for us today, dan niles, not believing in the bounce he says he's starting to short name financial services sector after the recent rally he joins us in a few minutes with stocks in the green after lower than expected data. >>> plus, is commercial real estate the next victim of th

with invesco qqq >>> good wednesday morning welcome to another hour of "squawk on the street" i'm sara eisencarl quintanilla, david faber live for you as always at post nine of the new york stock exchange moments away from day two of fed chair jay powell on capitol hill we'll take you live to the q&a when it happens. ahead of that, markets are kind of steady here the s&p 500 is down 5 points the dow is pretty much unchanged. just flipped negative. had early gains. the nasdaq hit the hardest because that two-year yield, the short term yield, continues to move higher on the back of what powell said yesterday and the data we have gotten, adp strong again today, private sector jobs getting openings. >> 10.8 million, looking for 10.5 unbeatable >> and that's probably why the market is turning lower right now. adds to evidence that things are strong and what did powell say yesterday? if the data continues to come in strong we'll do faster and higher hikes and keep them higher longer. the two-year yield, let's look that's the reflection of where the fed expectations have been, closed above 5%. at t

i'm sara eisen with dom chu live from the new york stock exchange. setting the agenda today.ng to the banking crisis and where the fed lost the plot. >>> first up, take a look at stocks this morning. s&p is off

i'm sara eisen with carl quintanilla.eff solomon, his warning on the remaining risk in the banking system. >>> the call everyone is talking about the street needham's laura martin on why it makes sense for apple to buy disney. >>> later an exclusive interview with

edward jones >>> good wednesday morning and welcome to another hour of "squawk on the street" i'm sara eisenre, coming back despite beating on the top and bottom lines. hurt by weaker china sales. we'll have more on the quarter later this hour. meta one of the top gainers on the s&p 500 this year. upgraded again, overweight at key bank, saying meta is a handful of tech companies set to rally on the back of a more stable market. seems like it gets an upgrade every day. the euro on the move, a five week high right now on the dollar following comments from the european central bank president on inflation earlier today. have a listen. >> the sizable policy adjustment is already behind us. as you mentioned, since july last year we have raised interest rates by 350 basis points. however, inflation is still high. and uncertainty around its path ahead has increased even more recently. this makes a robust strategy going forward essential. >> everybody is looking at those comments where she's still talking tough on inflation. as perhaps a precursor to what we're going to get from fed chair powell. the

i'm carl quintanilla and david faber, melissa lee in for sara eisen who has the morning off.e at post nine. higher yields an obstacle for equity bulls today as productivity misses, costs come in higher than expected, doubled the estimate and yields are up across the curve with the long bond with the 4 handle once again. >> doing well considering 4%. >> thank salesforce. >> 30 minutes into the trading session. here are three movers we're watching for you crypto silvergate plummeting, downgrading the number following numbers there. jpmorgan warning the company could go bust in the next year anheuser-busch weaker results, lower than expected volumes but pricing gains and a recovery in china did help profit. the move in force beating street system across the board, issuing a strong forecast with an expansion of its share buyback program. that's where we start here with this huge move in salesforce, with all the activists involved here, david. >> yeah. one question, of course, is how many will stick around will they take 12% and say our work here is done? i don't think so i don't

morning welcome to another hour of "squawk on the street" i'm carl quintanilla with david faber sara eisenot starting with any better direction than february hugging the flat line here on a day packed with retail earnings, some tech, echo data points and fed speak even ism manufacturing coming out as we speak and for that we turn once again to rick santelli. rick >> carl, we have construction spending and ism manufacturing let's start there, headline number been down under 53 months in a row, will it be four? yes, it is 47.7 is the headline 47.7 would comp in to our most recent month, which was 47.4 just to see how it dove tails in 51.3 on prices paid, that reverses four under 50s in a row, which is very good news 51.3 is the best in september of last year. employment 49.1. 49.1 that's the first month under 50 since november when we were at 48.9 49.1, obviously, a bit higher than that. and finally on the new order side we have five under 50, this now makes it six 47.0 for new orders. 47.0 fits in nicely with 42.5 to give you some context there. and finally, let's go back to construction sp

i'm sara eisen with carl quintanilla. david faber has the morning off. for you as always from post nine at the new york stock exchange take a look at stocks half hour into trading here. we're higher the s&p 500 up a half a percent. the dow up 120 points. nasdaq up half a percent as well we're digesting the higher yields, the dollar coming off, three-month high for dollar, higher yields, inverted yield curve, that's been the story all week long, on the 2-year above 5% a few big stock movers we are watching right now keep an eye on norfolk southern this morning the senate kicking off a hearing over the derailment in east palestine ohio with ceo alan shaw set to take the stand we'll bring you the latest there later this hour. >>> another day in the green for tesla. shares up almost 50% on the year morgan stanley out with a note this morning warning the company's cyber truck, quote, might be more of a side show financially. >>> and finally ge, one of the top gainers on the s&p as they kick off their investor day. ceo larry culp forecasting high single digit

♪♪ÑiÑifáq >>> good thursdaynnmorning, welcome to "squawk on the sara eisen and mike santoli.at post nine at the new york stock exchange.b.■ morning off. let's give you look at futures as we get ready to start this thursdayçó tradingÑi day. we can see where we are. no, we'reym■qñ not going to sho ght now.Ñi take my word for it. looks like we're going to haveç an upvote at least slightly. our road map starts with the 1r its ninth straight interest rató hike. asis points there. >>> plus, ceo of tiktok headed to the hill, testifying before congress over hisi]xd app's secy concerns. >>> and just out, a new short call from Íujjtt research saying the short payment company, block, that stock is sinking premarket. we will, of course, discuss. >>> it's a long report, lots to getr start with the fed and the interest ratew3Ñiw3 hike. in yesterday's press conference, chair powell saying the fahlure of recentt( banks could have ripple effects. >> we were trying to reflect the uncertainty about what witltxd happen.lp turn out to have very modest effects, these events, on the economy, in whi

i'm sara eisen along with carl quintanilla and david faber. as always from post nine at the new york stock exchange stocks are off to the races here, up 1.5% on the s&p 500 off a rough couple days in the market the dow up 329 right now, as the inflation number comes in, in line and bank shares surge nasdaq up 1.75%. 30 minutes into the trading session. three movers we are watching starting with, of course, first republic bank up big today after closing down more than 60% at yesterday's close. another name to watch, charles schwab, also in rebound mode, billionaire investor ron barren he is modestly increasing his position in the financial name and did that yesterday we'll end with meta, news laying off 10,000 employees as it continues to focus on efficiency and cost cutting in a memo to its employees, mark zuckerberg saying we should prepare ourselves for the possibility the new economic reality will continue for many years and high interest rates lead to the economy running more leaner, more geoinstability leads to volatility and increased co

. >>> good tuesday morning i'm sara eisen with carl quintanilla and david faber live for you as alwaysork stock exchange moments away from fed chair, jay powell,'s report to congress going before the senate banking committee. we're going to take you there in a moment stocks are higher ahead of powell the dow up about 16 points following gains from yesterday s&p is unchanged let's get to steve liesman with that breaking news on powell steve? >> thanks very much. fed chair, jay powell, before congress would suggest rates could go higher and get there faster and longer than anticipated. he tase says it's going to higher than anticipated and says restoring price stability will require a restrictive policy stance for some time the historical record powell warns against prematurely, loosening policy, quote, we will stay the course until the job is done he goes on to say the decisions made meeting by meeting and the full effects of tightening have yet to be felt in the economy. he talks about the recent data where he says the january data partly reversed the softening trends they'd seen last

♪♪ÑiÑifáq >>> good thursdaynnmorning, welcome to "squawk on the sara eisen and mike santoli.

i'm david faber with sara eisen and mike santoli we are live from post nine at the new york stock exchange the final trading day, 30 minutes from now, is when we begin, and it looks like we're going to have a lower open our road map this morning does start as it has all week with the banks. first republic getting that

street" is next ♪ >>> good morning, and welcome to "squawk on the street," i'm david faber with sara eisen ready to start the trading week 30 minutes from now. you can see things have turned decidedly positive we'll seewhen we get going again. 29 minutes or so from now. let's start with our road map, and that starts with a major development amidst worries about the banking sect