Good Friday morning. Welcome to Squawk on the Street. I'm Carl Kintania with Leslie Picker, David Faber, live on the post nine of the New York Stock Exchange. Sarah Eisen's off today.

Ahead this hour, as this tech sell-off intensifies, we'll talk to longtime market expert and Yardini about how much more pay it might be coming.

SpaceX marking two weeks as a public company sitting right around its first trade price,

and the next big catalyst for the stock could be just days away. We'll talk about it.

And with more questions swirling about the AI buildout, we'll talk to the CEO of AI Picks

and Chubbles company Coherent, an Nvidia partner who shares

have doubled so far this year.

But first, consumer sentiment data just crossing the tape.

Rick Santelli has that for us.

Good morning, Rick.

Indeed, these are the final reads on University of Michigan sentiment, which means

the mid-month reads get tossed.

So 48.9 becomes 49.5.

The problem is, of course, it's still below 50.

We're expecting the number right around 50.

If you look at the current conditions, 48.4 deteriorates to 47.7.

And if you look at what lies ahead, expectations, it's the only bright spot.

49.3, mid-month read comes up to 50.7. And that would put it back to a comp of March the last time it was

50 or higher. And do remember, all three of those indices in the month of April, excuse me, in the

month of May, made lows going back to the 1970s. Now, let's look at the inflation gauges embedded

in these reports. We're expecting 4.6. That was our mid-month read, and it remains there on the one-year inflation.

And how does that compare?

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