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

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

Coming up this hour, oil prices back on the upswing as the fate of the Strait of Hormuz remains uncertain.

We'll talk to energy expert,

Paul Sankey, about where he sees prices heading next. Plus, Adobe CEO, Shantanou, Narayan is with us from

the sidelines of the company's annual summit in Las Vegas after just announcing a new enterprise

AI platform and expanded partnerships with Anthropic, OpenAI, and Invidia. And a key moment for the Federal

Reserve coming this week as Fed Chair nominee, Kevin Warsh, here's tomorrow before the Senate

Banking Committee. We'll talk about what's at stake with former Boston Fed President, Eric Rosengrin.

But guys, we are trying to figure out how resilient the economy is right now, given the rise in oil

prices and the rise in gas prices that consumers are feeling at the pump. You know, it was a sharp

rise and I think the key is how long it lasts. But so far, sorry, we've had some CEOs out there from banks, from retailers.

They're talking about the consumer actually being in pretty good shape.

Listen.

You can't ever say the world's perfect ahead, but right now the company is performing well,

the consumers are spending, the credit quality is very good and improving.

Overall, you know, spend continues to grow

week on week. Every week, year on year. We haven't seen any correlation or, I mean, correction there at all.

I mean, sales are very, very strong in the United States. The consumers in good shape,

we look at all these metrics, whether it's credit, whether it's spending, whether it's the wealth effect.

The consumer is in really good shape.

We're seeing a very resilient consumer.

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