Good Monday morning. Welcome to Squawk on the Street. I'm Sarah Eisen with Carl Kintania and David Faber live at Post-9 from the New York Stock Exchange.

Another rough day for the markets. The sell-off is getting worse this morning post-tariffs.

The S&P's down another 1.65%. It looked worse at one point. The NASDAQ down only 1.25%, which is sad.

And the Dow actually rebounding a little bit here, down 875 points, which actually is a rebound.

After the S&P actually technically went into a bare market, which is 20% plus from the recent highs joining the NASDAQ earlier this morning.

Take a look at Treasuries. There's been some funky

action going on here as well. Yields are now higher. So we started the overnight session buying bonds

where the 10-year yield dropped all the way down to 3-9. And now they're selling bonds, at least on

the longer end of the curve, and yields are higher at 4%. We have so much to talk to and talk

about Carl giving the sell-off. 30 minutes into the trading session, some of the big movers were watching.

Market volatility, of course, multi-year highs, Vicks at its highest level since COVID, March 2020,

as this global sell-off continues. European stocks selling off indices there from the DAX to the footsy down about three to four percent.

Stocks in Asia tanking overnight all down five percent or more. Taiwan was the biggest laggard,

while Hong Kong's Hengsen suffered its steepest decline since 97. We'll continue to watch the selling in cars,

GM, Ford's, D'Lantis, Tesla, all under pressure.

Tesla shares now more than 50% off of their highs, and it's not just Tesla, all the Mag

7's in the red and trading in bare market territory. Banks are another story, too, trading

at their lowest level since September, ahead of earnings, of course, from J.P. Morgan, Wells,

and Morgan Stanley later this week.

So, guys, I spent the weekend on the phone. I mean, it was one of those weekends. I'm sure you did, too.

It reminded me of the regional bank crisis, the COVID days, financial crisis. It's one of those working weekends talking to investors, talking to CEOs, talking to everybody that we can talk to to find out what they're thinking and how they're feeling. And I have to say it's not good. The common

refrain that I've heard is that this is a huge, unforced error. And even if, like so many people,

...