Good Thursday morning. Welcome to Squawk on the Street. I'm Carl Kintanier with Leslie Picker and David Faber. Live the post 9 of the New York Stock Exchange. Sarah Eisen has the morning off.

Market enjoying a nice bounce here at the open. 6385 as we look for sectors, almost all of them green. In fact, only healthcare is in the red, and we'll get to Lily in a moment.

Breath, very positive, almost 3 to 1 here at the NYSC.

Coming up on today's show, Marcy Frost, the CEO of Calper is with us,

which has more than half a trillion under management.

She tells us where she's putting some money to work.

Plus the CEO of ConocoPhillips joins us fresh off earnings with a read on global energy demand.

And then the president calling for the CEO of Intel to resign as he lays out big tariffs on chips, with some exceptions.

We'll get details straight ahead.

First, let's get some economic data that's just crossing. Rick Santelli has it for us.

Yes, David. We're looking at post-sales, sales, and inventories. On the sales side, this is a

fresh June number. Expecting up a 10th comes in stronger than expected. Up 3 tenths, that's the

biggest trade sales month over month-month change going back to

March of this year when we were up eight-tenths, and the high water mark was February when we

were up 2%. 2%. And we all know that's most likely anticipation getting in front of some of the

issues that ended up coming out from Liberation

Day and the pull forward.

On the inventory side, this is a final read, which means the mid-month read, which was up

two-tenths of percent, gets downgraded to only up one-tenth of a percent.

Up one-tenth of percent equals where we were in April to find a higher number.

You're going to March when it was up three tenths. The high water mark there was January for this year,

where it was up eight tenths of a percent. We look at interest rates today and we see a four-22 in tens.

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