Good Friday morning. Welcome to Squawk on the Street. I'm Sarah Eisen along side, Carl Cantanilla, live from Post 9 of the New York Stock Exchange.

Today, new developments in the FCC's ongoing Disney and ABC feud, the broadcaster blasting the agency's early license review effort as unconstitutional

and saying the move has no legitimate purpose.

FCC chair Brendan Carr will join us first on CNBC with his response.

With Wall Street closely watching upcoming mega listings from SpaceX and Anthropic,

does it mean the IPO market is open for business?

The vice chair of citizens commercial bank

thinks so, and we'll explain why he thinks such blockbuster listings should pull more companies

into the market. And growing data center pushback in communities across the country, getting

one prominent backer, renowned consumer advocate and activist, Aaron Brockovich, has begun tracking AI data center. She's going to

join us to explain why. Tech's definitely leading the charge this morning, even as Brett, is slightly

negative, and most sectors are lower rather than higher. Dow is awfully close to 51K, and the VIX

continues to hover right below the 16 level, some of the lowest closing level since January.

We will begin on the big stock story, and that's Dell after earnings.

Our Christina Parts-Nevilos has the tales. Morning, Christina.

Good morning. Well, Dell shares are up wet over 30 percent because Wall Street just got this stock wrong.

Wall Street was essentially looking for $35 billion in revenue.

Dell did $44 billion in the quarter.

On earnings per share, consensus was about near $3.000.

Dell came in just under $5.

That kind of miss by the entire analyst community really forces a reset

and why we're seeing the stock soar so much today.

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