Good Thursday morning. Welcome to Squawk on the Street. I'm Carl Kintan here with Courtney

Reagan. Mike Santoli live here at Post-9 of the New York Stock Exchange. Sarah Eisen and David

Faber have the morning off. Putting together possibly another record high, obviously, S&P 6717. A little

rotation today. Health care and financials, a little bit

lower, materials and industrials, a little bit higher. Treasury's pretty tame. Ten years, still around

4'1. With the S&P at a record high, Dan Niles is going to join us today, give you his best

investment ideas right now. Something might surprise you. Bollittle morning for Tesla after

strong quarterly sales last hour. We'll talk to former Ford CEO Mark Fields with his outlook for the

EV maker. And then there's Fair Isaac, the company behind those FICO scores announcing a new strategy

to get borrowers, their score bypassing some credit bureaus. Talk about how that works, what it might

mean for the industry coming up. And we would have been getting factory orders data right now, but we won't get that today because of the government shutdown, which is entering its second day. Emily Welkins joins us now with the latest from D.C. Hi, Emily. Hey, Courtney. Well, yeah, look, it's the factory orders today. It's going to be the September jobs report tomorrow. We already know that we're going to be going into day three of a shutdown. Senate is not voting today as soon as they are going to vote. It's going to be on Friday afternoon. And we've got to look here at kind of what the timeline is for other key and important data that's expected to come out during this month. And we don't know how long

a shutdown could go. But as you could see, if we get into next week, get into the week after,

it starts to impact CPI, PPI. And just a note, too, that even as this data is coming out,

that's only one part of it. The other thing is the collection of the data that BLS needs to do. That is also

halted at this point. And I've talked to economists who have said, look, we are worried that

when the data does come out for October, if there has been a shutdown for a part of this month,

that could really influence the quality of the data. Now, at this point point we know that there is at least some

talks right now trying to get the eight Democrats Senate Democrats that would

be needed to join Republicans to reopen the government. It's just not clear

they're going to have that tomorrow. In addition we're keeping an eye on the

White House today. Donald Trump said that he and his chief budget officer, Russ, vote, would be meeting to discuss those federal layoffs in terms of sort of which agencies would see layoffs, how many federal workers would be laid off.

We know that 750,000 federal employees are currently furloughed. We don't expect all of them to be laid off, but we are expecting perhaps to get some more clarity about where those cuts would come.

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