Good Thursday morning again. Welcome to Squawk on the Street. I'm Sarah Eisen with Carl

Continia live from post nine of the New York Stock Exchange. Today, former Barclay CEO, Bob

Diamond, is with us on what's been a solid week for bank earnings, why he still sees more strength

ahead. CEO of Standard Nuclear is with us as we await the company's public debut here at the stock

exchange today after they cut their IPO size by more than half.

Plus Morgan Stanley wealth management, Ellen Zentner, on New Fed Chairman Kevin Warsh

and why she says the Fed will maintain a hiking bias for a while here.

First up, in the markets, we have seen a recovery from some early morning lows, and it's

the rotation today into defensive and cyclicals, health care, having a nice day, up two

and a half percent.

That's leading the market, along with consumer staples, energies higher as well, and so are

some of the groups like financials, industrials,

and materials tied to better economic data today with retail sales, jobless claims,

some manufacturing surveys. The small caps are up a half a percent. The overall index is down,

though, Carl, because we do have technology underperforming. And that gets back to the Dells

and the memory chips like

micron. Invigia is lower. So is Broadcom. We'll start with that weakness in chips as Taiwan

Semi becomes the latest with news out today reporting a pretty good number surge in profits

year over year. Christina Partinevallarez joins us now with what was a good quarter

Christina but some weakness in the share price. Yeah, Taiwan Semi actually delivered one of their strongest

quarters ever. Record revenue, profit up sharply. And yet the stock was down worse this morning,

but now it's down one and a half percent. The problem is TSM's margins actually beat its own

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