Good Tuesday morning. Welcome to another hour of squawk on the street. I'm Sarah Eisen with Carl

Kintanilla, live from post 9 of the New York Stock Exchange alongside David Faber, who is live from the active, passive conference here in New York City this hour.

Taking a look at stocks, we're starting weaker,

down 4 tenths of a percent on the S&P 500. Strengthen consumer staples, energy, communication services,

and real estate, though not offsetting some of the weakness. For instance, in industrials,

down 1.3 percent, materials down a percent. So some sharper declines in these cyclical groups. Finanials are weaker as well.

So is technology. That's why the NASDAQ composite is down about a quarter of 1% right now.

One thing that everybody's looking at is treasury yields, which have been backing up. Higher yields,

bond sell off. There's the 10-year now, almost at 4-2. So we're just below that level.

The 2-year also a little bit higher goes above 4%. We're 30 minutes here into the trading session here. Our three big

movers we're watching. Three M shares under pressure, despite a top and bottom line beat, plus

raise guidance thanks to strengthen the company's electronics segment. The stock, though, down

almost 2%. GE Aerospace also moving lower despite a beat and a guidance raise as well. That said,

shares have been a huge outperformer on the year, up around 80% since January. And then watch

the defense names. Fresh numbers out of Lockheed Martin and RTX this morning, sending shares

in opposite directions. But guys, we've got to start with the big news from the IMF, some new forecast for global growth.

They still call global growth sluggish.

They don't change the view on 2024.

They still say it's going to be about 3.2 percent.

But good news for the U.S.

They upgraded the U.S. growth

forecast by 0.2%. That's good. Now it looks like we're going to grow 2.8%. Why? Thank you to the

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