Good Thursday morning. Welcome to a walk on the street. I'm Sarah Eisen with Carl

Kintanilla and David Faber. We are live as always from post 9 of the New York Stock Exchange.

Today big moves for big tech and more earnings are on the way. We're going to talk

about results from meta, Microsoft, IBM and look ahead to Apple's report coming after

the close. Plus Elon Musk unveiling a major strategy shift for Tesla saying the

company will end Model S and X production and double down on robots.

Former Tesla board member Steve Wesley will tell us if he thinks the big bet will pay off.

First up, some new economic data just crossing. Let's get to Rick Santelli. Hey, Rick.

Yes, I'll tell you, you car there's some strong data here

our factory orders these are fresh november numbers expecting you know one and a half 1.6

percent 2.7 percent that'd be the loftiest level since may of last year and when you strip out

transportation well it's not 2.7, but it's up two

tens. And before I see any revisions, it follows minus two tenths. So that's a good thing. That'd be the

best number since July of last year. Now, the durable good numbers are November final reads

we replace the midmonth. So 5.3 remains 5.3.

But 5.3 is the best since, well, May of, excuse me, March of last year.

Now, strip out transportation, and it's up four tens, four-tenths.

Well, that's a tenth lighter than the rearview mirror, which was up half of 1%.

If we look at Capital Good Orders, Non-Defense X-Air proxy for capital spending, it moves down from 7 tenths to 4 tenths.

And that is something to pay attention to.

Four-tenths would only be the loftiest when you change that to September when it was up 1%.

And finally, let's switch to shipments.

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