Good Monday morning. Welcome to Squawk on the Street. I'm Carl Kintania with Leslie Picker, David Faber here at post-9 of the New York Stock Exchange.

Sarah Eisen is off today. Markets call before the storm as we await a bunch of Fed Speak, Jackson Hole, retail earnings later this week.

Brett is actually slightly positive, even though we got some red numbers on the indices.

10-year 432, that's going to be almost a month to date high.

Take you back to July 31st.

Today, Ukraine's president goes to the White House following Friday summit between the president

and Russian President Putin.

We'll talk to Michael O'Hanlon from Brookings today about what to expect from today's meeting.

We'll also break down the news sending shares in NOVA sharply higher in early trading today.

But first, breaking housing data, just crossing Diana Oleg, has that for us, Diana.

That's right, Leslie. Builder's sentiment in the single-family market dropped one point to 32 in

August on the NHB index the street was looking for a one point gain anything below 50

is considered negative last August it stood at 39 now the builders pointed to

elevated mortgage rates weak buyer traffic and ongoing supply side challenges

mortgage rates though actually came down nearly a quarter point

from the end of July to the first few weeks of August, but that clearly didn't help much. Now,

of the indexes three components, current sales conditions fell one point to 35. Sales expectations

in the next six months was unchanged at 43, and buyer traffic did increase two points, but just to 22, so still the lowest of those three indices.

Now 37% of builders reported cutting prices in August. That's down from 38% in July, but it's been at 37 or 38 for the past three months.

The average price reduction, 5% in August. It's the same it's been every month since last November.

But the use of sales incentives was 66% in August, up from 62% in July, and that is the

highest percentage in the post-COVID period. So again, the builders relying on those incentives.

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