Good Wednesday morning. Welcome to Squawk on the Street. I'm Carl Kintaneda with David Faber here at Post 9 of the New York Stock Exchange.

Sarah Eisen once again joins us from the Future Investment Initiative Summit in Riyadh, Saudi Arabia.

Sarah's got another big interview for us this hour.

1789 capital founder of Meet Malik and partner Donald Trump Jr.

Who've invested in everything from SpaceX to Endurel to Databricks.

It is Fed Decision Day in America and Wall Street will be closely watching the nuances in the news conference today.

We will ask Alian's chief economic advisor, Mohamed Al-Ary, andion, what he's expecting in just a minute. And

NVIDIA is making history, topping $5 trillion in market cap. As three of the Mag 7 names

get set to report tonight, we'll talk about how much more upside exists in that space. First,

though, let's get some housing data with Diana Olock. Morning, Diana. Good morning, Carl.

Pending home sales in September were unchanged from August and dropped 0.9% year over year.

That according to the National Association of Realtors, the street was looking for a 1% gain

after an even larger gain in August.

Now, this count is based on signed contracts, so people out shopping in September

and making that decision when the average rate on the 30-year fix was generally on the decline,

but had not dropped as much as it did this month. So it was between 6.4 and 6.5% versus today's

6.1%. Now, regionally, sales rose in the northeast and south, but fell in the Midwest and West.

Inventory has climbed to a five-year high, although still on the lean side historically,

the Realtors' Chief Economist Lawrence, you noted in the release that a record high stock market

and growing housing wealth in September were not enough to offset a likely softening job market.

Carl?

Diana, we'll talk more about that and how it relates to the Fed in a minute. Thank you, Diana Oleg. Stocks, meantime, sitting at record highs, as we said, as we await three of the MagS7 earnings numbers this afternoon, along with the Fed decision and the news conference. Joining us here at Post 9 this morning is Muhammad Alarion. Of course, Ali Ans is chief economic advisor. Amit's great to have you back on set. Good to see you.

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