Good Tuesday morning. Welcome to Squawk on the Street. I'm Sarah Eisen with Carl Cantania and David Faber.

We are live as always from post nine of the New York Stock Exchange. Coming up this hour, we're on Supreme Court Watch again as we await a potential decision this hour on President Trump's ability to fire Fed Governor Lisa Cook.

A major test of presidential power. We'll bring you the headlines as soon as we get them.

Plus, Senator Elizabeth Warren will be with us to talk tariffs, private credit, and a new push to limit single-family home ownership by investors.

And as AI disruption fears continue to roll through parts of the market, we'll talk to AI expert Jack Hiddery from Sandbox AQ about whether those concerns are getting overblown.

It's a decent diet of data today, ADP, Philly Fed. Let's get some conference board, too,

with Rick Santelli. Hey, Rick. Yes, conference board, Richmond Fed, wholesale inventories.

Let's start out with conference board. This is a February read, expecting 87.1, our last read was really weak.

Jump, jump.

91.2.

That is a big jump from 84.5, which was the original release.

That was the weakest since 2014, but that was upgraded to 89 even.

91.2 would be the best, well, going back to the end of last year before the bottom fell out.

And if we look at what's going on from consumer confidence from the present situation standpoint,

also a big beat.

120. 120 would be the best level since December as well when it was 123.

Last month's 113, the weakest since 21 was upgraded to 121.8,

which now changed the dynamic. 120 now is the weakest since last month's big upward revision.

And finally, what may lie ahead? 72.0. That would be the strongest since the end of last year as well. The bottom dropped out on all three of these readings last month.

The original reading, 65.1, was upgraded to 67.2. On Richmond manufacturing, minus 10, minus 10.

So that means we are now what? 10, 11 consecutive negative reads in a row.

And if we look at the business confidence side, the service side, minus 10 as well.

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