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

Kintania who's back. We are live at post nine of the New York Stock Exchange. David has the morning off.

Stocks starting on a high note here. The S&P is up a full percent right now. It's being led by technology,

which is why the NASDAQ is also up one and a half percent, having a really strong start. After

what's been a bumpy few days to start 2025, utilities and consumer half percent, having a really strong start. After what's been a bumpy few days

to start 2025, utilities and consumer staples, both defensive sectors under pressure,

everybody else is higher right now. And of course, it's being led by a lot of the usual

suspects, the mega-cap tech names, especially the chips like micron or applied materials,

Marvell Technology, Micro Strategy, Broadcom.

These are all the leaders today. As for treasuries, the theme has been higher treasury yields,

and that's been a little bit of a roadblock for stocks. The 10-year note yield a little higher

this morning, firmer, 4.624. So we're back above that 4-6 level, two-year also, near 4.3.

30 minutes here into the trading session, here are some movers we're watching.

Ride-sharing names in the green, Uber announcing a $1.5 billion accelerated share buyback program,

while Lyft gets an upgrade to buy over at benchmark, both stocks hired today.

We're also keeping close eye on the semis.

I mentioned they're on the semis. I mentioned

they're on the move after Foxcon reported record sales in Q4. Meanwhile, NVIDIA's CEO, Jensen Wong,

set to give a big speech tonight. More on that coming up. And then T-Mobile, one of the biggest

losers on the S&P after both Wells and RBC downgrade the name to neutral on valuation concerns. But it's Nvidia really taking the lead in this chip rally. It'll be a big night tonight. Got some PMIs today to work with. Also factory orders a few moments ago. Let's get to Rick Santelli. Hi again, Rick. Hi, good morning, Carl. Yes, factory orders. These are going to be fresh November numbers.

On the headline, we're expecting down three-tenths. It comes out a bit worse, down four-tenths.

But there is something positive here. If you look at last month, October, it was originally up two-tenths.

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