Good Wednesday morning. Welcome to Squawk on the Street. I'm Sarah Eisen with Carl Cantanilla and David Faber.

We are live, as always, from post-9 of the New York Stock Exchange. Coming up on today's show, a Can't Miss exclusive with Goldman Sachs CEO, David Solomon, on the market volatility, the money flowing into AI and much more. Plus, it's Invidia Day, all of Wall Street waiting for results in just a few short hours, as the stock recovers this morning after a pullback this month.

Noted tech analysts, Ben Wright said, It's Nvidia Day, all of Wall Street waiting for results in just a few short hours, as the stock recovers this morning after a pullback this month.

Noted tech analyst Ben Reitz tells us his expectations for tonight's print.

And crypto has had a sizable pullback of its own. Bitcoin giving up gains on the year.

We'll talk to Tom Farley, CEO of Crypto Exchange Bullish, which just reported earnings this morning. But guys,

key focus this morning is on retail. What's it telling us about the consumer? Target is one

I'm paying attention to, adding to losses on the year after a miss on revenue, third

straight quarter of comp sales declines and a cut to the high end of its full year guidance. The stock is only off by about a half a

percent, but it's been whacked this year, down 35 percent. I did catch up with CFO Michael

Fidelke, who's the incoming CEO, starts in February. Here's what he told me about the quarter.

Look, he said, we've got some work to do, but we are building momentum. As far as the performance, obviously he said he's not happy, but it was as expected. I'm focused on the change that will get us back to growth. And guys, just in terms of the cadence of the quarter and what it says about what they're seeing from the consumer, he said August flat, October flat, September's where they saw the dip. Why?

Back to school was just a little bit choppier.

It wasn't that cold.

Usually when it's cold, that bodes well for some of the retailers.

So on the turnaround, he did note that the places where he said, quote, we've started

to drive the most change, those are what's doing best.

And he pointed to some of the hard

lines, which are electronics, toys is a good example. He said toys running at almost a 10% sales

increase. He was encouraged by that because they've made some changes to the toy selection,

more exclusives, more partnerships, more trading cards, which is very, and I can tell you with the

young boys these

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