Good Tuesday morning. Welcome to another hour of Squawk on the Street. I'm Sarah Eisen with Carl Kintania and David Faber live as always from post-9 of the New York Stock Exchange.

Take a look at stocks. Got a little bit of a mixed picture going on today. The S&P is higher by a quarter of 1%. The Dow, though, weaker by almost 200 points. It tells you where the strength and weaknesses are happening today. So materials are under pressure, health care, financials, real estate, industrials, and energy. They're all down, but there's strength in the market. Utilities, communication services, technology. It's why the NASDAQ comp is up half a percent, even though you have a Dow down 200 points. A little bit of a lopsided reaction, and there are pockets of weakness even further. If you look in the automakers, for instance, on this new tariff threat, we'll talk about it. Take a look at Treasuries. They've been handling all of this news. We do have some data in just a moment. your note-year note yield a little bit firmer at 4.3, right on that level and the two years just below it. We're 30 minutes here into the trading session. Here are some big movers we're watching. Amgen plunging after its weight loss drug data disappoints. But other GLP1 stocks moving higher on positive news out of the Biden administration. More on that story coming up.

Big retail moves as well, a lot of earnings this morning, including Best Buy, Coles, Dick's Sporting

Goods. We're going to take a closer look at what their results and guidance may be signaling about

the consumer and the crucial holiday shopping season. Got a lot of different directions.

Coals down more than 21 percent and management changes there as well.

And then Rivian down right now giving up big gains from earlier this morning. The EV maker

getting a $6 billion federal loan to build a factory in Georgia. Stock has now reversed lower.

Let's get some data this morning. A pretty good diet ahead of even more tomorrow.

Rick Santelli's got it. Hey, Rick. Yes, let's look at consumer confidence for November, shall we?

If we look at the headline number expected to be up near 112, comes in as expected.

11.7. 11.7. That's actually the best number of the year. That takes you all the way back to July to find

a higher number and that's July of last year. Now if you look at the present situation, 140.9

sequentially higher, much better than expected. That's the best level going back to March of this year.

And finally, what lies ahead in the form of

expectations, 92.3 sequentially higher than a slightly upward revised 91.9. And 92.3 is the best

level. Going back to, and you have to go back quite a ways, That's December of 21, December of 21. So pretty good

confidence real quickly. On Richmond Fed Manufacturing, we now have 13 consecutive negative months

in a row, minus 14, and business conditions. The service side breaks a trend. It was 32 consecutive

negative months. It comes in up 10. It reverses that trend.

And finally, new home sales for the month of October. A huge miss here. And remember, October saw interest rates go up.

$610,000. We're expecting the number around $725,000 seasonally adjusted annualized units. This is the

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