Good Wednesday morning. Welcome to another hour of squawk on the street. I'm Sarah Eisen with Carl

Cantania and David Faber live, as always from post nine of the New York Stock Exchange.

Stocks are under a little pressure today. S&P's down about half a percent. Most sectors are lower energy and

health care are your standout winners. Consumer discretionary at the bottom of the PAC. Target

story, among other names, weaker today in that group. Consumer staples, information technology,

communication services. They're all lower today. Nasdaq's down about three quarters of one percent.

We're still higher, though, overall

for the week after last week's losses as we get into Wednesday and ahead of Nvidia earnings

after the bell, which will be super important. Netflix, though, higher Warner Brothers, some of the,

some of the media names higher bucking the overall trend. Take a look at treasuries. Again, higher

yields have been the story, and that

continues today, 4.4 on the 10-year yield. So we're not quite at the highs of, say, this cycle

we've been in, but again, another day of selling of treasuries with higher yields, 4. Almost

3% on the two-year. It's a light week for economic data. We're 30 minutes here into the trading

session. Here are some movers we're watching. Target shares slumping on pace for the worst day.

Since all the way back in May 2022, the retailer missing earnings estimates, cutting its full-year

forecast as well. Exclusive comments from the company COO for you in just a moment.

Delta Airlines under pressure, the carrier holding its

investor day, saying it expects revenue growth in the mid-single digits next year, which is in line

with the roughly 6% growth that analysts were expecting, but the stock is still down about 4.3%.

Our parent company Comcast planning to spin off most of its cable networks.

Shares giving up earlier gains, much more on what that means for investors and the entire media landscape later this hour.

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