Good Friday morning. Welcome to Squawk on the Street. I'm Sarah Eisen with Carl Kentania and David Faber. We are live, as always, from post nine of the New York Stock Exchange. Coming up this hour, stocks moving higher here after the April jobs report, more than doubled expectations. We'll talk to acting Labor Secretary Keith Sonderling in a first on CNBC interview about the print. Plus, Goldman Sachs is Jan Hatz is with us on a jobs day, his first reaction to the number and read on the

economy right now.

And we'll talk about a number of big movers in the Ambidia ecosystem today, including

this pullback for core weave on results and a jump for AI infrastructure company, Iron, on news of a new partnership.

First, let's get some inventories and you Mish with Rick Santelli. Hey, Rick.

Hi, Carl and Dean. You know that University of Michigan sentiment is probably going to be

affected in a negative way due to all the issue of the day, not the least, which is what's

going on in Middle East. And indeed, that's the case. Forty-eight.2 is our made preliminary figure well below expectations, a new all-time low going back

to my database in the 70s.

And if we look at current conditions, 47.8, guess what?

New all-time low going back to the 70s based on my work.

And if we look at expectations, 48.5, that's actually a smidge better than expected and a bit

higher than a 48.1 in the rearview mirror. Obviously, it comes to March when it was well over 51.

These aren't terrific numbers and all three in contraction territory.

Let's get to the inflation numbers, shall we?

4.8 expected, 4.5 is what arrived.

Two-tenths less than a 4.7 in the rearview mirror.

3.8 in March, that's what it comes to.

Take the big view.

Let's go to 5 to 10 year inflation.

3.4% one-tenth lighter than both forward and backward looking. 3.4 would be the actual highest,

highest since it was 3.2 in March. We had 3.3 in February, 3.3 in January, so less than expected, but still pretty

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