Good Tuesday morning. Welcome to Squawk on the Street. I'm Sarah Eisen with David Faber and Mike Santoli today, live at Post 9, as always from the New York Stock Exchange. Carl's on assignment. Stocks are rallying. The S&P is coming back. 3.6% rally we've got on our hands. Every sector is higher. And if you look at the groups leading, financials at the top of the pack, four and a half percent gains. industrials are up there.

So a lot of these cyclical groups

that got just battered. at the groups leading. Financials at the top of the pack, four and a half percent gains.

Industrials are up there. So a lot of these cyclical groups that got just battered were nowhere nearer to making up the losses that we've seen. But we are seeing a nice rally here that is

broad-based. The small caps up 3%. Look at the NASDAQ. It's up 4% because tech was among the

hardest hit in this selloff over tariffs.

Take a look at treasuries right now. Remember, the story has mostly been buying bonds with lower yields.

That reversed yesterday and continues to reverse today. The 10-year yield higher at 4.25 around, let's call it.

The two-year yield above 3.8 percent. David. Well, we've got some

important testimony, at least possibly on Capitol Hill this hour. President Trump's chief

trade negotiator, Jameson Greer, is appearing before the Senate Finance Committee. This, of course,

after the administration's decision to impose tariffs on pretty much every country in the world,

and the penguins, too. Don't forget them. We're going to bring you the headlines, of course,

as they happen, and that'll be this hour, Sarah. Yeah, the negotiations, though, I think, is what the

market is cheering today. We're 30 minutes here into the trading session. Here are some movers we're

watching in today's big rebound. Some grain

shoots for shares of American automakers, except for Stalantis. All of these stocks, nearly

30% or more off their highs at this point of the year. Coming back strong, look at Tesla,

up 5%. Also seeing gains for some beaten down consumer names, especially in the cruise lines,

names like Carnival Cruise, up more than almost 7% right now. Apple shares coming off their worst three-day

stretch since 2001 as big tech tries to catch a bid this morning. Invita leads the charge.

That's good for the market. It's been a big market leader until it wasn't. And then unrelated

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