Good Thursday morning. Welcome to Squawk on the Street. I'm Sarah Eisen with David Faber. We are live, as always, from post nine of the New York Stock Exchange. Carl has the morning off. Coming up, Intel surging after President Trump said Apple has agreed to work with the company on Made in America Chips.

We'll talk to longtime analyst Ben writes us about the news.

Plus, look at Accenture shares are at the bottom of the S&P this morning, down 16%.

After a mixed quarter and news of a number of acquisitions, CEO Julie Sweet will be with us.

And it's one of the last Supreme Court opinion days of the session.

We're still awaiting a potential decision on President Trump's authority to fire Fed Governor Lisa

Cook. We'll bring any headlines as we get them. First, though, we do have some economic

data just crossing. Rick Santelli has that for us. Rick. Yes, good morning, David. Leading

economic indicators for the month of May, we're looking for a number around

up one-tenth of a percent, and that's exactly what we end up with, up one-tenth of a

percent.

And last month gets revised higher from one-tenth to up two-tenths, which means we have

back-to-back positive numbers.

We haven't had back-to-back positive numbers in LEI since the end of 2021.

Yes, leading economic indicators have not been leading us higher,

but indeed it does show the weakness of this statistic,

because as equities continue to grow and the underpinnings,

the economy remain somewhat solid, leading indicators has been mostly on the weak side,

so it's nice to see it moving up.

The high watermark this year was February at up three-tenths, and that, of course, as you guessed,

it was the high watermark going back to Dease of 2021.

Yields are moving down today and the curves of 2021. Yields, yields are moving down today and the curve's

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