Good Wednesday morning again. Welcome to Squawk on the street. I'm Sarah Eisen with David Faber

live from post-9 of the New York Stock Exchange. Carl has the morning off. Today, the high-flying

SpaceX trade cooling this morning shares lower for the first time since Friday's debut. We will

be joined by one early

investor. Christian Garrett of 137 Ventures here, why he says the company is still in the early

innings of what it can become. Plus, the Fed's rate decision is on deck later today. We're going to

discuss what to expect from Chairman Kevin Hors with former Fed chief economist Vince Reinhardt.

And President Trump, killing a plan to quickly confirm Jake Clayton as his new intelligence

chief.

Find out why and what it means for Bill Pulte's position with the agency.

First up, though, in the markets, the S&P's been positive.

It's been negative today.

We've got mixed performance from tech, which could be part of the reason.

Industrials are actually leading the charge today along with financials, so it's a bit of a

cyclical feel to the market and the tilt higher. We've got names like GE Vernova, for instance,

in the lead. What's underperforming, communication services, consumer discretionary,

as far as the tech trade goes, there is some strength in names like

Broadcom and Intel, SML, AMD, Marvell, some of the chip names, but meta, Microsoft,

Amazon, alphabet, Tesla, they're a little bit lower. So that's weighing on overall NASDAQ down

a third. Yeah, that's basics. Not a part of the NASDAQ, yeah, but soon enough, certainly will be part of the NASDAQ 100 as well. You mentioned Amazon. We do have some

news from Amazon, and Kay Rooney has that for us, Kate. Hey, David, yeah, Amazon just unveiling some

new AI tools at its AWS summit in New York this morning. These updates are aimed. The company says

...