Good Tuesday morning. Welcome to Squawk on the Street. I'm Sarah Eisen with Carl

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

Stocks are rallying today. We've got an S&P up almost three quarters of 1% after President

Trump announces a ceasefire between Israel and Iran. Best performing

group right now is information technology and financials, both rallying more than 1%.

Communication services also strong, so is consumer discretionary. Energy is the loser down three

quarters of 1% as crude oil continues to sell off, adding to recent losses. As for

treasuries right now, had seen a bid earlier. That's reversed a little bit, some selling with

the yields a little bit firmer, 10-year yield 4.35 ahead of Fed Chair Jay Powell's testimony before

House Financial Services Committee. The Fed Chair, taken to the Hill,

will bring you live to Washington for that in just a moment as he responds to questions from

members of the House Financial Services Committee. Plus, former Treasury Secretary Stephen

Mnuchin will be our guest to talk about President Trump's renewed feud with Fed Chair Powell

after another insult-filled social media post very early in the morning,

overnight really, by the president.

All right.

First, we got consumer confidence data crossing.

Rick Santelli has that for us.

Rick.

Yes, David, these are June numbers from the conference board.

Headline number expected to be very close to 100, a bit of a disappointment.

93. 93 would be the best, well, just since March, so not that long ago,

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