CNBC's Rick Santelli joins 'Squawk on the Street' with the latest economic data to cross the tape.

The University of Michigan's final consumer sentiment reading for September registered at 55.1, slightly below the estimated 55.4 and marking the lowest level since May. Current conditions and expectations components also declined, maintaining their weakest positions since May. 

Inflation expectations for the next year eased to 4.7% from the previously expected 4.8%, while the five-to-ten-year outlook dropped to 3.7% from 3.9% mid-month. Despite these changes, market responses were minimal, with bond yields showing only slight movements and income and spending data remaining solid.

Consumer sentiment comes in at 55.1 vs. 55.4 estimated

These are final reads for September on University of Michigan sentiment and inflation numbers and expectations for some improvement. The reality is each one deteriorated on growth. 55.1 from 55.4 is the headline number. It's still the weakest going back to May. If we look at the current conditions, 60.4 versus the mid-month read of 61.2, also lower, but it doesn't change the comp back to May. And if we look at expectations from 51.8 mid-month to 51.7, still the weakest since May as well. And on the inflation front, very similar but in a positive way. We're expecting 4.8 on the one-year inflation. 4.8 was last looked. The mid-month, it comes in 4.7. And the 5 to 10-year inflation, instead of 3.9 mid-month, it moves to 3.7. 3.7 would be comping to 3.5 in February. So the growth with respect to what's associated with when you look at Michigan sentiment, much of it's supposed to reflect the equity market. It's downgraded just a bit from the last two weeks. But if you look at the inflation indicators, they also moderated a bit. The market hasn't moved a lot on them, kind of a wash. And how do we summarize? Well, right now, 4.18 on a 10-year is up about a basis point on the session. But it settled at 4.13 last week, so it's down five. And if you look at a two-year, it settled at 2.57 last week. It's down almost 10 basis points on the week. It is virtually unchanged on the day. We did have good income and spending, and the PCE numbers, rather sticky. Sarah, back to you. Okay, Rick, thank you very much.

Israeli Prime Minister Benjamin Netanyahu wore a QR code at the U.N. General Assembly linking to images of Hamas' Oct. 7 attack as Western nations move to recognize Palestine. Dozens of delegates walked out in protest.

New York

Middle East Conflict

Dozens of delegates walk out as Netanyahu speaks at U.N.

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Paris

Former French president Sarkozy sentenced to five years in prison

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Washington

Former FBI chief James Comey charged

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Global Tariffs

U.S. to impose new tariffs on pharmaceuticals, some furniture, trucks

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Istanbul

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Copenhagen

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Quantico

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Madrid

Spain, Italy send navies to escort Gaza aid flotilla

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Centralia

Feds seize 50,000 pills laced with drug 100 times stronger than fentanyl

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Beijing

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Manhattan

Ukraine Invasion

Rubio meets Russia's Lavrov after Trump shifts tone on Ukraine war

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Dallas

Three people shot at ICE facility in Dallas, officials say

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Los Angeles

Jimmy Kimmel makes emotional return with monologue about free speech

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Yangjiang

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Kowloon

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West Palm Beach

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Santa Clara

Rise of AI

Nvidia to invest up to $100 billion in OpenAI

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Breakdown