Market moving insight and analysis joined Jim Kramer, David Faber, and me, Carl Kintanilla, on the opening bell hour of CNBC Squawk on the Street.

Good Thursday morning, welcome to Squawk on the Street. I'm Carl Kintania with the Mike Santoli, Leslie Picker here at Post 9 of the New York Stock Exchange.

We're going to be joined in a few moments by the Treasury Secretary Scott Besson, talking about everything from market volatility to the impact of tariffs to the New York Stock Exchange. We're going to be joined in a few moments by the Treasury Secretary, Scott Besson, talking about everything from market volatility to the impact of tariffs to the

threat of a government shutdown. Meantime, S&P approaching the lows of the week, still about 30 points

away, despite some solid macro data this morning on PPI and claims. Let's get to Sarah this morning with the Treasury Secretary.

Morning, Sarah.

Good evening from Singapore, Carl, where I'm here for the Converge Conference at CNBC.

And good morning to you, Mr. Secretary in Washington.

Thank you for joining us.

Good morning, Sarah.

Let's start right there, because Carl just went through the markets.

It's another sort of turbulent day here.

The volatility has really picked up or down another more than 3.5% for the week,

almost 10% from the recent highs.

I know that you guys have brushed this off,

but I do wonder if you're starting to get concerned

now that these losses are picking up.

Well, look, Sarah, what we're focused on is the real economy. Can we create an environment

where there are long-term gains in the market and long-term games for the

American people. I think, having been in the markets for 35 years, I know the market is

prone to big unwinds like this. I think we've seen a lot of position unwinding, and

I can't really speak to that.

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