Good Tuesday morning. Welcome to Squawk on the Street. I'm Carl Kintania with Courtney Reagan. Mike Santoli here at post-9 of the New York Stock Exchange. David and Sarah have the morning off.

Markets trying to find some legs after that sell-off yesterday brought about by some tariff noise, although we did get a little bit of rebound at the end of the day. Treasury is a little elevated as well as the long bond re-approach is 5%.

Today, separating the tariff news from the noise, we will talk to former

U.S. trade rep Ron Kirk about the latest twists and turns on trade, what really matters for investors.

Plus, should Tesla's board step in and curb Elon Musk's political ambitions?

We'll ask former Tesla president, current GM board member John McNeil.

Let's begin, though, with the market,

as stocks do come off the worst day in about three weeks following yesterday's barrage of

tariff headlines. But Bank of America and Goldman today, both raising their targets on the

S&P, B of A goes from to 6,300 from 5600 for its year end. Goldman raises its 12-month forecast

from 6,500, up to 6,900,

Mike. Constance point at Goldman is that you might get a more doveish, constructive backdrop

from the Fed as well. Yes, and this process where the strategists are sort of marking their

opinions to market reflects, I think, one of the stronger bullish points of the last few months,

which is that professional investment posture has been made off sides by the strength of this rally.

And you also have this sort of making our piece with the macro outlook as it stands right now.

You know, you get the budget bill through. It means there's no

fiscal payback to worry about. Credit spreads are great. Seems like we're in a decent mode of

expecting very low chances of recession. When you kind of put that in place, it means maybe you can

absorb the noise on tariffs. Now, there's an old saying on Wall Street that's only mostly true,

not always true, which is the market never discounts the same news twice. And you could argue

that yesterday was the same news as April 1st or April 2nd, in the sense that it was essentially

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