Good Thursday morning. Welcome to Squawk on the Street. I'm Sarah Eisen with Pearl

Continia and David Faber. We are live as always from post nine of the New York Stock Exchange.

Stock's coming off another record-breaking session here, driven by more strength for tech.

We'll talk to one market expert who says the AI momentum

is just getting started. Plus, former Defense Secretary Mark Esper back with us as oil

pulls back further and the U.S. awaits a response from Iran on the latest peace proposal.

And two CEOs fresh off results with unique insights into the American consumer. We'll talk to the head

of financial tech company, Chine, and the CEO of Energy Drink Company Celsius about what they're seeing on the ground right now.

Busy day for data and Fed speak. Let's get some construction spending with Rick Sansali.

Hey, Rick. Yes, good morning, Carl. This is a March read on construction spending and

Feb's being released simultaneously. So my comp will not include Feb.

Well, March is up six-tenths of percent.

That's double the expectations.

And even with the missing February, what I would like to point out is that the end of last year,

we really finished strong with up six-tenths and up eight-tenths,

and that's where we come to up eight-tenths in December.

But we started out slow with minus three-tenths in January.

So this pickup is as expected, especially without the missing February, which will be out shortly.

We see that interest rates.

Boy, they continue to shadow box

oil, Carl, as the crude futures in June start to tick up and approach the 93 level, we see

interest rates on the tenure moving up a little bit, basically unchanged on this session. Sarah,

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