Good Friday morning. Welcome to another hour of Squawk on the Street. I'm Sarah Eisen with Carl

Kintanilla and David Faber live, as always from post nine of the New York Stock Exchange.

Stocks are pulling back today. The S&P 500 down about 8 tenths of 1%. Most sectors are red.

Technology, though, is mostly weighing on the major averages, down 1.5% information technology.

Three sectors green right now, energy, financials, and utilities.

Financials continuing their run, actually having a good week up more than 1% despite a market that is down 1.6%. That's the S&P tally so far for the week,

and the NASDAQ down 2.3%. So we are seeing this pullback. Part of it on higher yields, higher

rates, so recalibrating the recalibration of the Fed and what they're going to do next.

Take a look at the treasuries right now. We did get some data which we'll talk about,

but higher yields, 4.485. So we're bumping up against that 4.5 level and the two-year yield

at 4.36%. We're 30 minutes here into the trading session. Here are three big movers we're watching.

Shares of Domino's Pizza and Pool Corp. Hire after Berkshire Hathaway discloses new stakes

in both companies, we're going to have more on what the big money investors are buying and selling

in the market later on in the show. Vaccine makers are under pressure again after President

elect Trump picked RFK Jr. to lead health and human services. More on what that appointment would

actually mean for

big pharma coming up. And then Alibaba is moving lower after missing revenue estimates, but profit

jumping almost 60 percent thanks to growth in the cloud business. A lot of data today and Fed speak.

Let's get some inventories with Rick Santelli. Morning again, Rick. Yes, good morning, Carl and D.

Now, this is September business inventories, which means it's the last month of the third quarter.

And we were expecting a number up two-tenths.

Comes in a bit light, up 110.

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