Good Thursday morning.

Welcome to another hour of squawk on the street.

I'm Sarah Eisen with Brian Sullivan. We are live from post nine of the New York Stock Exchange here on this holiday week. Carl and David have the morning off. Take a look at stocks. We are giving a little back after a strong rally on Tuesday. S&P's down a quarter of 1% and it's broad. Every sector is lower right now. Technology is outperforming. It was higher just a few moments

ago, but actually is now lower. Some of the gainers in there, Apple again, higher. Invidia's

kind of swinging around the flat line. Broadcom is higher again, half a percent. It's stunning

performance this month, up almost 50 percent. Nasdaq down about a third of 1% right now.

Take a look at treasuries.

Big debate over whether this is a headwind or not.

Higher treasury yields.

Treasuries selling off as yields push higher.

4.631 is near the highest since 2022 and highs of the year.

It happens despite the fact that the Fed has been cutting rates, but

got supercharged last week when the Fed hinted fewer rate cuts to come in the new year. We're

30 minutes here into the trading session. Here are three big movers we're watching. More

volatility and shares of micro strategy. They're under pressure alongside the price of Bitcoin,

after the company filed to sell more shares earlier in the

week, presumably to buy more Bitcoin. Japan's Nippon Steel delaying the closing date for its

planned takeover of U.S. steel due to the ongoing review of the deal in Washington. The move

coming after a panel that looks into acquisitions for national security was deadlocked over

whether to approve the sale, leaving the final call

to President Biden. Both he and President-elect Trump are opposed to the deal. Also watching Apple,

Wed Bush raises the price target to 325, a share from 300, writing that the street is still

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