Good Thursday morning. Welcome to Squawk on the street. I'm Tara Ivan, live in Davos, Switzerland at the World Economic Forum, along with Carl Kusania, David Faber, at the New York Stocking Chain.

Coming up this hour, more heavy hitters from Davos, including interviews with Dell Technology

CEO and founder Michael Dell and the new CEO of Scale AI, Jason Droga.

Plus, Elon Musk expected to take the stage here at the World Economic Forum.

That was a surprise that he was here.

He's speaking this hour, we'll bring a highlights as soon as we get them.

And Alian's Chief Economic Advisor, Mohamed Alarion,

with us to talk about whether a cooling of tensions around Greenland signals and all clear for the

market. First, so let's get some economic data that just crossed. Rick Santelli has that for us.

Rick? Yes, David. These are our November reads on personal income spending and all the PCE inflation metrics that are among the Fed's favorite inflation gauges.

The issue is October comes out in a bit and the comps and revisions, I won't be able to give you an accurate gauge in that regard.

So up three-tenths, a little light to expectations, which was expected

up four-tenths. And if you look at the spending side, comes in exactly as expected, up half

of one percent, which is a solid number. And if you look at an inflation-adjusted image of

spending, it comes in as expected as well, up three-tenths of a percent.

Now, let's get to the PCE price index month over month, up two-tenths of percent, exactly as expected.

And if you look at a year-over-year picture picture comes in at 2.8 also exactly as expected.

Now, if we shift to the core perspective on the personal consumption expenditure month over month, it's up two-tenths,

and on a year-over-year, it's up 2.8.

All of these numbers are exactly as expected except for the 110-tenth light on the income side.

October will be coming out shortly with any revisions.

But suffice it to say interest rates are on the upswing today.

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