Good Tuesday morning. Welcome to Squawk on the Street. I'm Sarah Eisen here with David Faber. We are live from post nine of the New York Stock Exchange. Crow-Cintinia has the week off. It's the second to last trading day of the year. And after solid gains in 2025, one market expert says there are three reasons to remain bullish. That's coming up in a moment. Plus, Matt, I'm making a deeper push into AI agents with an acquisition reportedly

worth billions, but will remove the needle in the AI horse race in 2026. And China reportedly

cracking down on foreign shipmakers requiring firms to rely more on domestic suppliers.

We'll talk to an analyst who says the rule could change the impact to Nvidiaidia in the country. But first, David,

you know, we always start with the big macro stories. Yes, we do, Sarah. Since it's a little light,

favorite part of my day. This morning, we're going to do the big macro charts that defined

2025 today and tomorrow. So here's three that I think really tell the story of what happened in the economy.

The first one, it's tariff revenues. You know, April 2nd, Liberation Day. Some of it was

walked back, but you know what? A lot of tariffs went into place. If you take this chart back

a few years, there was barely any tariff revenue collected.

In the last few months, I mean, we're talking about $30 billion a month collected.

So we're up almost $200 billion in tariff revenues.

What's going to happen with that money?

The president has floated all sorts of things, like giving it to Americans and checks,

getting rid of the income tax.

It's clearly not going to do that.

Military, $176. But it is money coming into the getting rid of the income tax. It's clearly not going to do that.

Military, $176.

But it is money coming into the U.S. coffers that was not doing that.

And also there's some uncertainty around this money in the Supreme Court decision.

What happens with the reciprocal tariffs, Aipa tariffs?

We're expecting a decision there.

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