Good Tuesday morning. Welcome to Squawk in the Street. I'm Carl Cantina with Leslie Picker and Mike Santoli.

Sarah and David are off this morning. We're live at Post 9 of the New York Stock Exchange.

S&P's still holding gains for the month, which would take us to the longest monthly win streak since 2018.

Treasury is up a little bit on a warm set of data out of GDP, consumption, and prices as well.

Today, Novo Nordic shares are up after its weight loss pill received FDA approval.

You'll hear what the CEO has to say about that news coming up.

The president says aggressive housing reform is coming in the new year.

We'll look at what that might mean for housing stocks.

And the man who coined the term brick, Jim O'Neill, Lord O'Neill,

will join us to discuss his outlook for the global markets in the new year. Let's begin that

with some breaking news from Leslie. Carl, thank you. Citadel, planning to return about $5 billion

in profit at earned in 2025 back to investors at the beginning of next year. That is according to a

person familiar with the matter. The firm's flagship multi-strategy fund known as its Wellington

Fund gained 9.3% in the year through last week, said the person who asked not to be named

discussing performance details. The profit being returned is not all that was generated in 2025,

that person said, but rather it's a way of constraining capital amid what the fund managers

they're perceived to be a limited opportunity set going into the new year. As such, Citadel will

start 2026 with $67 billion in assets down from the $72 billion it currently manages,

that person said. A spokesperson for Citadel declined to comment. And Citadel does not opt for

profit distributions every year. But since 2017, the hedge fund has returned $32 billion to its

investors, guys. Yeah, interesting, the attention to capacity constraints and multi-strategy, which is the biggest,

I guess, single category of hedge funds now, overtaking equity long short.

...