Good Wednesday morning. Welcome to Squawk in the Street. I'm Carl Kintanao with Leslie Picker here at Post 9 of the New York Stock Exchange. Today, Sarah Eisen's in Central Portugal, fresh off that major panel discussion with global central bankers, including the Fed Chair, who gave his latest thinking on inflation,

rates, and artificial intelligence.

Sarah is going to join us in a few moments with the highlights, and we'll break down the

chairman's messaging with former Fed Governor Randy Crosfer.

Plus, the Trump administration dropping restrictions on Anthropics' AI models ending a two-week standoff.

We'll discuss the implications with

Anthropic investor Matt with Haller from Wellington Management. Meta shares are surging

this morning, the company making a cloud push to sell excess AI compute power capacity.

Shares up almost 11 percent, one of the best days of the year for that name. Let's begin, though, with some breaking news

in the auto sector. For that, we'll get to Phil LeBow with some new numbers out of GM. Hey, Phil.

Hey, Carl, for the second quarter, General Motors sales here in the United States down 4.2%. That's

roughly in line with what most analysts were expecting from the automaker for the second quarter.

Average transaction price, just over $52,000 for all the talk about more affordable vehicles.

And yes, GM has some lower priced entry points for vehicles.

The average transaction price remains over $50,000, one of the industry leaders there.

And then finally, when you're taking a look at the inventory, it's at 55 days supply. So they have a fairly lean inventory, not unfamiliar to a number of other

automakers as well. This is an industry, guys, when we get the full sales for the month of June,

a little bit later on today over the next couple of days, you're probably going to see a sales

rate in the

mid-16 million range, which is relatively strong, relative to what we've seen over the last

several months.

Yeah, especially given the prices of autos too, Phil.

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