Good Thursday morning. Welcome to Squawk on the Street. I'm Sarah Eisen with Carl

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

Take a look at stocks here on the early action. We're digesting the Fed. We've got Intel sharply

higher. S&P's up a half a percent. Nasdaq, also rallying tech leads up eight-tenths and the Dow's up 83 points. As for treasuries right now, take a look. We are seeing some selling. Yields are a little bit higher. We see the tenure going past 4-1 and the two-year 3.58%. We'll talk a lot about what we learned from the Fed.

Today I mentioned Intel.

Shares are skyrocketing as NVIDIA takes a multi-billion dollar stake in the company.

We'll talk to longtime chip analyst Patrick Morehead about what the news means for both companies and their competitors.

Plus, reaction to the Fed decision and where the market will head next.

Bank of America, Savita Subramanian, and Evercourt's Krishna Guha, join us with their first

take.

And newly listed crypto firm, Bullish, moves higher this morning on the back of earnings.

CEO Tom Farley will be with us to break down the results.

First though, let's get some LEI this morning with Rick Santelli.

Hey Rick.

Good morning, Carl, yes, leading economic indicators for the month of August. Expect it down 2-10s, double it plus. We're down half of 1%. And that number is the weakest going back to April when it was down 1.3. We did have a revision in the rearview mirror, and the only reason I mentioned it, it takes one of those negative numbers last month, minus 110, and makes it positive.

So instead of seven of eight being negative this year, it's now six of eight.

Last year it was 10 of 12.

The year before is 12 of 12.

Leading economic indicators have been leading us in negative territory for years now.

Listen, it's a big day in the market.

You heard Sarah, it's only up three basis points at 412 in a 10 year.

It's only up three basis points at 358 in a two year, but it's much more than that.

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