You're listening to Squawk on the Street, the opening bell in progress.

In the meantime, though, market managing to hold its own here.

You know, it's doing quite well.

Financials, David, we're going to get some financials conferences next week,

but can't turn a blind eye to what Goldman and certainly J.P. Morgan have done in last few sessions.

No, they've had a very strong start to the year the stocks have, of course, coming off

what was a very strong earning season.

I will say, and you know, this figures more prominently for certain firms and others, you

know, first month of the year, M&A, not what had been, at least there was so much enthusiasm for what an incoming Trump

administration would mean for mergers and acquisitions. We have not yet seen it, certainly in

January as we had into February, that enthusiasm perhaps waning a bit, but I think we'll have to

wait and see what comes from DRIG and from obviously lesser enforcement, perhaps, of the antitrust laws.

Meantime.

I'm getting some economic data crossing the tape.

Rick Santelli's got it.

Hey, Rick.

Yeah, Carl, watch equities.

We were just talking about they were making new highs.

They reversed a little bit.

Interest rates, they might move up here.

Some big surprises in our December final read on inventories, but I'm sorry, on our

preliminary February read on Michigan.

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