Good Wednesday morning. Welcome to Squawk on the Street. I'm Carl Kintanay with Mike Santoli,

David Favor here at Post 9 of the New York Stock Exchange. Sarah Eisen co-hosting the View today,

although no flipping. Coming up this hour, we'll talk to Evercores Julian Emanuel on this Fed

day as the latest street on inflation comes in much hotter than expected, why he says we're in one of the

riskiest moments of the century.

Goldman's co-head of commodities is with us, investors tracking these new developments in the

Middle East.

We'll get his prediction for where oil prices might be heading.

And there's a new boss of Disney officially today.

We'll talk to former Disney executive, former TikTok CEO Kevin Meyer, on the challenges facing Josh tomorrow.

First, though, some breaking economic data that is just crossing.

Rick Santelli has that for us.

Rick?

Yes, thank you, David.

These are January reads, fresh reads on factory orders. We're expecting up one-tenth, and it delivers exactly up one-tenth. And the rearview mirror, at least now, still unrevised, was down seven-tenths. That was the weakest going back to July of 25. Now getting changed, it is now revised to down four-tenths, and down four-tenths would still be the

weakest since July of last year, so a decent rebound up one-tenth. Strip out transportation,

we could see transportation pushed it lower because it rises to up four-tenths. Up-four-tenth

says now back-to-back, up four-tenths. Those are the best back-to-back read since July when it was up 5-10s.

Now let's switch gears. Let's go to durable goods. These are final reads replacing mid-month January reads.

So unchanged remains unchanged on durable goods. Ex-transportation, it rises to four-tenths and stays there.

That's where it was our first look.

And up four-tenths, actually, is a pretty nice read, considering up four-tenths would be the best level going back to last year's December read, which was up 1.3, which was a very powerful read, if we strip out

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