Market Moving Insight and Analysis. Join Jim Kramer, David Faber, and me, Carl Kintanilla, on the opening bell hour of CNBC Squawk on the Street.

It is being called the largest IT outage in history as this operating defect at CrowdStrike does hobble, airlines, banks, mass transit, and municipal services all around the world.

Good Friday morning. Welcome to Squawk in the

Street. I'm Carl Kintania with David Faber, Sarah Eisen here at Post 9 of the New York Stock Exchange.

Coming up this morning, we are going to talk to Crowd Strikes George Kurtz and just a few

moments with our own Jim Kramer about the outage and the timeline for fixing it. First, though,

we get to Megan Kassela this morning with some breaking news.

Megan.

Hey, Carl, good morning. The Biden campaign is now holding firm this morning and saying that

President Biden is remaining in the race for his reelection. A long new campaign memo out this

morning outlines that despite widespread concerns, the party has, quote, no plan for an alternative

nominee. The campaign's battleground states director acknowledges the uphill battle ahead,

saying they have their work cut out for them, but he shares some internal research,

finding that the voters that the campaign cares about the most are still planning to vote

for Biden in November. I want to read you a full quote

here from the memo. It says, quote, Joe Biden has made it more than clear. He's in this race and he's in

it to win it. Moreover, he's the presumptive nominee. There is no plan for an alternative nominee.

And in a few short weeks, Joe Biden will be the official nominee. Now, this sort of internal research and reassurance about a viable path to victory, this

is what Democrats have been craving from the campaign.

But it's definitely not clear at this point whether this will be enough to fully put

to bed all of those calls from Democrats for President Biden to step aside.

Just in the last hour, a 25th member of Congress that was representatives Sean

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