Good Tuesday morning and welcome to Squawk on the Street. I'm Sarah Eisen, joining today from

Washington, D.C., head of tomorrow's big Invest in America Forum. I'm here, as always, with David

Faber and Mike Santoli today, live from post nine of the New York Stock Exchange. Carl has the

morning off. Coming up this hour, two big interviews from here in the nation's capital.

We will speak with Federal Communications Commission Chairman Brendan Carr about news this morning

around space communication and Amazon's deal to buy satellite company Global Star, among

many other hot-button issues. Plus, National Economic Council Director

Kevin Hassett will join us as Treasury Secretary Scott Besson reportedly says the Fed should now, quote,

wait and see before lowering interest rates. And the latest on the mega round of bank earnings

with numbers just out from J.P. Morgan, Citigroup and Wells Fargo. We'll have it all covered

for you. But guys, here in Washington, D.C., it is the kickoff of the IMF World Bank meeting, which means that ministers,

finance ministers and central bankers from all over the world are here in town. And they were

going to talk about how good the global economy looks and AI and all of the investment, but then came the war in Iran and the

IMF this morning setting the tone by lowering world GDP forecast.

Now, it's lower than it was three months ago, but it's not a disaster.

So now the world economy is projected to grow 3.1%.

Three months ago, it was at 3.3%.

But they did say they would have upgraded it coming into today, if not for the war.

In the U.S., which is more resilient, say, than Europe to the rising price of oil and the inflationary concerns,

we now have a forecast from the IMF around 2.3.

That was a tiny downgrade. Europe stands out because we saw some bigger cuts for countries like Germany and the UK.

And then China also got a little bit of a downgrade.

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