Good Wednesday morning. Welcome to another hour of squawk on the street. I'm Sarah Eisen with Carl Kintania and David Faber live as always from post nine of the New York Stock Exchange.

We're looking at record highs all around, Dow, S&P, and NASDAQ after the extraordinary and historic victory for President Donald Trump. The S&P soaring 1.7%. Not every sector is higher.

You've got the defensive groups under pressure,

staples, utilities, and real estate. But what's leading financials. That group soaring

4.5 percent. Industrials, 2.5 percent energy. The NASDAQ is rallying as well. It's up 1.8 percent.

Tech stocks have joined the party. And it's not just the stock market. And by the way, I wanted to point out Russell 2000 also 52-week highs there. A small cap soaring 4%. Look at treasuries right now. We've seen a sell-off with higher yields. This is a continuation of the Trump trade that we have been seeing weeks into the election, especially the 30-year yield. We'll talk about that in just a moment. 4.632. We're looking at highest levels in months here for these treasury yields. We're also going to talk about some of the other movers in just a moment, but we're 30 minutes here into the trading session, and here's some stocks we're watching. There's a lot this morning. How about Tesla, soaring double digits, more on what's behind that move ahead on the show.

Cryptos are rallying. Bitcoin hitting new all-time highs, topping 75,000. We're going to take a

closer look at what the Trump victory actually means for the asset class. And then financials,

as I mentioned, rallying more than 5% as the Fed kicks off another rate meeting. That's happening.

We're going to get a decision tomorrow on that, but also deregulation, excitement in the bank area.

Today, it's worth just pausing and looking at some of these trades that are reacting to the Trump victory.

Also, the flip of the Senate.

The S&P 500, we'll just start there.

We have seen a steady climb higher all year for the S&P 500, we'll just start there. We have seen a steady climb higher

all year for the S&P 500. We're now adding to those gains and seeing an almost pretty strong,

almost 2% rally right now. If you go into the S&P, how about DJT? That's obviously one

place we look for the Trump trade. That's the most direct trade. Heavy volumes on this one,

of course. Yeah, but not actually not back to its recent highs, interestingly enough, Sarah.

I think there are a lot of other places to look this morning in the stock market. Well, here's one.

How about clean energy stocks versus banks? This has been a sort of trades going in the opposite direction. Clean energy was one of the

areas thought to benefit under a Harris administration. That's been weaker lately on the on the

Trump trade and the Trump win. And then the banks, of course, deregulation, very helpful.

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