Market moving insight and analysis.

Join Jim Kramer, David Faber and me, Carl Cantonia,

on the opening bell hour of CNBC Squawk on the Street.

Good Thursday morning.

Welcome to Squawk on the Street.

I'm Sarah Eisen with David Faber.

And Mike Santoli, we are live, as always,

from post-night of the New York Stock Exchange, Carl's On Assignment. Stocks are under pressure again.

After that epic rally we saw yesterday where the NASDA closed up 12 percent, best day since 2008.

We are giving some of it back today down 2.86%, which would normally be a pretty steep sell-off, but given the magnitude

of the moves we're used to these days, 4 or 5% in the major averages, it looks tame.

Dow's only down 957 points. Usually that would be a big red flag and a big sort of indicator

of weakness. The only group that's higher right now in the market is consumer staples. It's up about half a percent. Everybody else is lower. Energy's at the bottom of the pack again, down 5 percent. Take a look at treasuries. They've been the eye of the storm lately. That sell-off in Treasury certainly got the White House's attention. We are seeing it back off a little bit. 4.3, though, that's elevated from where we were below 4% earlier this week.

30-year yield watched carefully.

We'll get another bond auction.

Yesterday's tenure was very successful.

Let's see what the 30-year yields today.

All right.

We are 30 minutes into the trading session.

Here are some big movers we're watching, starting with the big jump in European markets,

rising sharply after President Trump temporarily reverse course on tariffs, at least most of them, banking, tech, and industrial stocks, notching the biggest gains.

Obviously, that follows the huge gains in the U.S. yesterday.

...