Good Friday morning. Welcome to another hour of squawk on the street. I'm Carl

Kingtonia with David Faber. Courtney Reagan's here with us at post nine of the New York Stock

Exchange. Sarah Eisen has the morning off. S&P 5850-ish, a lot to juggle today as we watch

this government funding showdown. Fed Speak returns, Triple Witch, some high profile corporate results as we close out this final full week of trading for the year. We've got a lot to pack into this show. We are 30 minutes into the trading session. Here are some big movers that we're watching this morning. Let's watch shares of FedEx. They're off highs. As the company announced, announced its much anticipated spinoff of that freight division.

It's going to focus more on its core delivery business. We're going to bring you more on this ahead, but you can see shares slightly higher on that.

Shares of Novo Nordisk also tumbling after disappointing results from its experimental obesity drug.

Shares that Eli Lilly and other way-loss drug companies are rallying, however.

And we're watching Nike.

The company beating admittedly low expectations, CFO Matthew Friends, saying sales would fall double digits in the current quarter.

And Nike's new CEO, Elliot Hill, also warning of short-term pain.

We will speak with one analyst who just cut her price target on the stock and see what she has after hearing Mr. Hill on the call for the first time last night.

Let's get some Eumish with Rick Santelli. Morning, Rick.

Good morning, Carl. Now, these are December final reads, so we'll take mid-month read and toss it.

Usually there's not big changes. There are some significant changes here.

74 remains the headline. That was our mid-month read, and it's the strongest reading going back to April.

Here's where it changes a bit.

Our last read on current conditions was 77.7.

It's now 75.1.

It dropped a bit, but it is still the best read going back to April. So we lost a bit, but it's still, well, consider that all the previous months going back to April, we're all in the low to mid-60s.

So it is a bit of an improvement on a macro vision. If you look at expectations, exactly the opposite, 71.6 mid-month, we popped up to 73.3. And that is the best number. Well, just since last month when it was 76.9, and that was the best since March. So they're holding up well. If we look at the inflation, also some surprises. 2.8 on one year, it was 2.9.

2.8 would be the smallest, well, since November when it was 2.6. So the reason we're not seeing a

huge drop in yields that is lower than expect is because we've kind of been there, done that

...