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

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

It's ugly out there for stocks. We continue to move south since the Open down one and a half

percent on the S&P 500, 1.4 percent on the Dow, which is now down more than 600 points,

and the NASDAQ down one and a half percent

as well. It's a broad-based sell-off as those tariffs on Mexico and Canada go into effect,

25 percent tariffs. President Trump following through with his threat there, and we are seeing

continued selling. Buying in the bond market, though, flocking to the safe haven U.S.

Treasuries, pricing and lower growth, the 10-year yield now 4.13. Remember, we were as high as 4.8

in January inching toward that 5% level. We've come all the way back down. So buying bonds with lower

yields across the board, more Fed cuts get priced in. Only two sectors are higher in the market.

Consumer staples and utilities.

Both are defensive plays.

Everybody else is lower and financials are actually taking it the hardest.

Down 3% consumer discretionary also down almost 3%.

30 minutes here into the trading session.

Here are some individual movers we're watching.

Fresh results out of retailers, Target, Best Buy, and more on the move. We're going to get the

streets take in just a moment. Most of them are lower. We're watching big tech as well following

yesterday's big sell-off. Bank of America cuts its price target on Tesla by more than $100, $380 a share

now. Invita trading around its lowest levels since last September after than $100, $380 a share now.

Nvidia, trading around its lowest levels since last September after losing roughly $300 billion

...