Market Insight and Analysis. You're listening to the opening bell of CNBC, Squawk on the Street.

Good Friday morning. Welcome to Squawk on the Street. I'm Carl Kintanao with Melissa Lee. Mike Santoli,

live at Post 9 of the New York Stock Exchange. David and Sarah are on assignment. Market trying to make something of a losing week so far. We are just retesting now yesterday's intraday high of 5597. All sectors green at the moment. VIX back below 24. We'll see if this one holds. Yep, 30 minutes into the trading session right now. Here, the three movers are watching for you.

Alta Beauty, a top gainer on the S&P 500 after top and bottom line beat. The full year guidance was below

estimates. Executives on the call forecasting continued category growth ahead.

Meantime, check out Tesla higher today, but not enough to overcome another tough week.

The stock is on track for an eighth week of losses.

It's the longest weekly losing streak ever. And we are watching Apple on page for its worst weekly performance since 2020. More on the Apple trade a little bit later on this hour.

All right, consumer sentiment data out just moments ago. Rick Santelli has the numbers.

Hi, Rick. Hi, boy, these numbers once again, remember a month ago, soft sentiment from Michigan was one of

the reasons the markets move. It continues. These are preliminary March Reed, University of

Michigan, expecting the number 63, 63.5, 57.9. That's the weakest month-over-month headline sentiment going back to November of 22.

Last month's was going back to November of 23. And if we look at current conditions, 63.5, weakest since September of 24.

Expectations, 54.2, weakest since July of 22. And I thought to jump last

weekend, one-year inflation at 4.3 from 3.3 was a misprint. It continues to move higher. 4.9.

You have to go into the wayback machine to find a higher number and that would be 5% in November of 22. 5 to 10 year inflation. Well, if we look at last month it went from 3.2 to 3.5. That was the highest since Dease of 93. It continues to move higher. 3.9% 3.9 to find a higher number, I'm really going back.

You have to go back to get this, February of 1993,

1999 to find a higher number than 3.9%.

Now, given, surveys are squishy and many are debating whether there's

any political bias to Michigan surveys, but having said all that, I've been monitoring this

for years. These are some of the biggest month-over-month changes to the downside I've seen in

a while. Interest rates haven't moved a lot. Many suspected we continue to see this. Why?

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