Good Tuesday morning. Welcome to Squawk on the Street. I'm Sarah Eisen with Carl Kentonia.

He's back and David Faber live from post nine of the New York Stock Exchange.

Stocks are higher. It's been a little more tentative today than yesterday. Actually, they're now unchanged on the S&P 500, as I was

saying. Nasdaq, a little bit higher right now. Where's the strength in the market this morning?

Well, it's in communication services, energy, and consumer discretionary, which is an interesting

lineup. You have Netflix up 2 percent. AT&T. Some of these media names, meta, higher as well.

Disney is higher in the morning action.

And then all the other sectors are a little bit lower outside of those three right now.

It's why you still see the NASDAQ with a slight gain right now. We've got economic data.

We've got Fed speak. We've got earnings all to talk about all in the mix today.

Take a look at how treasuries are faring. And there's a bid for bonds, at least on the short end of the curve, up to 10. The 4.3 is your number on the 10-year yield. So it is a little bit elevated than where we have been in recent weeks. The 30-year yield 4.6. It's a little firmer today. We're 30 minutes here into the trading session.

Here are some movers we're watching. Shares of Homebuilder, KB Home, falling after missing earnings estimates and cutting its outlook. The company CEO describing the crucial spring

selling season as muted. More on the quarter in just a moment. Volatile moves for Tesla.

Shares giving up earlier gains. Huge day yesterday, but new data today showing European sales plunged again.

Tesla now up over 20% in the past week alone after having a rough start to the year. And then shares of Mobile Eye are soaring.

The company partnering with Volkswagen to develop assisted and autonomous driving. Also keep our eye on keeping our eye, as always, on shares of NVIDIA.

The 200-day moving average, that's a technical level on the stock.

It's now trading above its 50-day average for the first time in more than two years.

So, NVIDIA is helping, Apple's helping, Amazon, meta, but Tesla, not so much. Broadcom, those are a little bit weaker. So it's kind of a split in the big tech action today. Meantime, getting some breaking economic data. Let's get to Rick Santelli. Hey, Rick. Hey, Carl, indeed. You're watching heels move lower. I'll give you the culprit here.

It's consumer confidence.

For March, we're expecting a number around 94, 92.9.

Weak is since Jan of 21.

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