Good Monday morning. Welcome to Squawk on the Street from the Blizzard in New York City.

I'm Sarah Eisen with Carl Cantonea and David Faber. We are live at post nine of the New York Stock Exchange.

Coming up on today's show, we've got a great lineup to break down the latest on tariffs. as Wall Street and the world weigh the impact of the Supreme Court decision and the President's new plans,

including Lizanne Saunders from Charles Schwab, Eurasia

Groups Ian Bremmer, and Roosier Sharma from Rockefeller International.

Plus, we'll talk to FlexPort CEO, Ryan Peterson, about when and how those tariff refunds

for importers could be processed.

Also ahead this hour, details on a big pullback for weight loss drug maker Novo Nordus

and the president's latest comment on

Netflix board member Susan Rice. First, those in factory orders to start us off this week. Let's get to

Rick Santelli. Hi, Rick. Good morning, Carl, indeed. These are our first look at December factory orders.

Headline number expected to be down about three quarters of one percent comes in exactly

as expected, down seven-tenths. That would be the weakest since Ock of last year, and that follows

up 2.7, yet unrevised. That was the best since May. So we went best since May to the weakest in

October, and if we strip out transportation, it becomes a positive

number, which gives us some clues as to where the weakness was, up four tenths better than

expected. And that follows a slightly downgraded two tenths that becomes one tenth. That four

tenths, best since July of last year. Now, we're going to go to December final reads on durable

goods. These are mid-month numbers being changed. The minus 1.4, actually remains minus 1.4

weakest since October, and that's the tombstone for 2025. These are all the final reads.

And if you strip out transportation, it improves one-tenth.

From up nine-tenths mid-month to one full percent. One full percent would be the best read going

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