Good Tuesday morning. Welcome to Squawk on the Street. I'm David Faber with Leslie Picker and Mike Santoli. We're live from Post 9 at the New York Stock Exchange. Carl and Sarah have the morning off. Let's give you a look at the markets, a half hour into trading. We'll also have you look at Treasury. So you can see the yield up ever so slightly on the tenure at 4.2%.

The S&P barely in positive territory with the NASDAQ, a more significant game.

Coming up on today's show, Golden Sachs, Chief U.S. equity strategist David Koston will join us right here at Post 9.

We'll get his takeaways from earning seasons so far

and where he thinks the market will head next.

Plus, we're going to talk Palantir.

That stock is at record highs as the company hits

a billion dollars in revenue for the first time.

Also lifts guidance thanks to what else, AI.

But first, breaking economic data just crossing the tape, Rick Santelli has that for us. Hi, Rick.

Hi, Leslie. Indeed. We had S&P Global Final Reeds for July. Now we're having ISM service sector PMIs. These are fresh, first time look at July. expecting 51 and a half-ish on the headline,

comes in light.

50.1, sequentially lower and light expectations.

The week is since, well, just a couple months ago, May of this year.

If you look at prices paid, it's going in the wrong direction.

69.9, following 67.5, well above expectations.

69.9 would be the highest rate of prices paid since October of 22. Look for yields to pay

attention to that potentially. And new orders, 50.3, 51.3 in the rearview mirror so that's

sequentially light light is since a couple months ago the month of May

and finally the employment index 46.4 follows 47.2, 46.4 would be the weakest

since March of this year so these numbers do disappoint on the service

sector, but instead of paying more attention to the prices paid inflationary implications,

...