Good Wednesday morning. Welcome to Squawk on the street. I'm Carl Kentineo and David Faber here at Post 9 of the New York Stock Exchange,

alongside Sarah Eisen, live from our LA Bureau today for a big interview this afternoon on closing bell,

overtime Citadel's chief, Ken Griffin at 4 p.m. Eastern time. Meanwhile, some early session highs,

Dow's up 231, S&P back to 5630 or so, as the Bulls take heart on news

that the Treasury Secretary is going to Geneva for some early talks with the Chinese.

It is Fed Day, 10 years south of 4-3, Vicks pretty steady at 24.

Yes, de-escalation continues, and that provides hope.

We are 30 minutes here into the trading session.

Here are three big movers we're watching. Disney is a top gainer in the Dow and S&P,

beating on the top and bottom lines, raising guidance and announcing plans for a new park and resort

in Abu Dhabi. We've got much more on the expansion plan. Disney CFO, Hugh Johnston,

will join us to break down the latest earnings

and outlook this hour. Uber missing revenue expectations despite trips being up 18% from last year,

CEO Dara Khashahi telling CNBC earlier this morning, growth remains, quote, very healthy.

And then Novo Nordisk gaining despite weaker numbers, sales coming in lower than expected.

The company cutting forecasts. But that said, executives do expect sales of its blockbuster weightless

drug. We govy to improve in the second half. The stock has also been under a lot of pressure

into these results. But guys, it is Fed day. So we're talking about the economy. Nobody expects the Fed to do anything.

The question is, what Fed Chair Jay Powell will say? Will he be dovish? Will he be hawkish? Will he just remain,

wait and see? You can make an argument for all of those cases. Since I'm here in L.A. today,

I just got some sort of local data

that I thought was interesting as far as how the tariffs

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