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. Good Friday morning. Welcome to Squawk on the Street. I'm Carl Kintania with David Faber, the New York Stock Exchange. Mike Santoli's with us in a moment. Kramer has the morning off. Pre-market is adding to Thursday's losses, biggest pullback in four weeks as these higher yields pressure stocks.

Ten-year pops to 392, highest since November. Don't forget options expiration today.

A robot's going to begin with rate fears and the Fed. Goldman and B of A. Now see three more hikes before the end of the year.

And on the earnings front, deer doubling quarterly profits. It also

raises guidance, citing stronger demand and what it calls favorable market fundamentals. And you also

have shares in Dordesh, getting a boost, that from stronger sales, and its upbeat outlook as well.

Quarterly deliveries top analysts forecast. Let's start with the markets. Dow is on pace

for its third negative week in a row. The tenure, as we said, hit the highest level since November

earlier today. Dollar this morning, six week high. David, some of these notes from Goldman

NB of A almost rhyme, adding another 25 to June would take you from about five and a

quarter to five and a half. I think B of A still looking for a cut next March, but obviously

trying to read with the market's already telling us. Yeah, and there you can see Jan Hatsius

talking about in light of the stronger growth and, you know, adding 25 basis points in terms of

their expectations as well. It's been the story of the week, of course, hotter than expected

inflation reports, suddenly a market waking up to the fact that the Fed may not stop, may go a bit

higher than had been anticipated. You've heard it all week, whether it was Alan Blind or going

to protest his size 5.5 percent or John Gray, Blackstone yesterday,

sort of intimating the same idea and staying at a higher level for longer, Carl.

You can take a look at the tenure and where that is. That's what we started the show with.

That said, you know, risk premiums are tight right now, financial conditions. Some say still continue

to loosen to a certain extent. Hence, the Fed may be tougher than we thought even a week or two

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