Good Tuesday morning. Welcome to Squawk on the Street. I'm Sarah Eisen with Carl Kintania.

David Faber's off today. We are live from post nine of the New York Stock Exchange.

Stocks are a little bit higher on the S&P 500. We've lost some early morning gains up a tenth still a little more than that of a percent. The NASDAQ is outperforming, so tech is leading. We're up six-tenths of a percent on that and the Dow down 137 or so points. So you can see it's kind of a

mixed picture when it comes to six-tenth of a percent on that and the Dow down 137 or so points.

So you can see it's kind of a mixed picture when it comes to sector performance tech obviously

out ahead.

As for Treasuries, reaction to CPI, which comes in in line but shows some hotness beneath

the secret beneath the surface.

There's the 10-year yield. It's a little firmer. 4.449. Actually yields higher across the board, so some selling. Technology is the only sector, by the way, that is higher right now. Everybody else is lower. Materials and financials at the bottom of the pack. We've got a lot coming your way this hour. In just a moment, Gamcoe chairman and CEO Mario Gabelli joins us here on set

with his latest thoughts on the market, the M&A landscape, and his top investment ideas right now.

Plus, President Trump attending Pennsylvania's Energy and Innovation Summit today, where billions of

dollars in deals could also be announced. We'll take you there live for an interview with the

Energy Secretary Chris Wright this hour. But first, we're 30 minutes into the trading session. Here, three big movers we're watching.

NVIDIA says it will resume sales of its advanced H20 AI chip to China, following assurances from the Trump

administration. It will be granted licenses to do so soon. AMD also hire after a report said it plans to resume shipments to China as

well. MP Materials is jumping after a $500 million investment from Apple. MP will supply

rare earth magnets and the companies will partner on a rare earth recycling facility. It's not getting a

17% boost there on that. And then Google's investing $25 billion into data centers and AI infrastructure tied to the nation's biggest electric grid.

Plus, Corweave announcing separate plans to invest $6 billion into an AI center in Pennsylvania.

Corweave CEO will join Closing Bell overtime to talk about it today at 4 p.m. Eastern time.

But, Carl, let's start with the big news,

which is inflation, because there's a lot of mystery with inflation these days. Are the tariffs

...