Good Friday morning. Welcome to Squawk on the Street. I'm Carl Kintanay, alongside David Faber. Courtney

Reagan here at Post 9 of the New York Stock Exchange. Important day as we watch the Corrieve IPO.

In the meantime, in the meantime trying to juggle that with some inflation data as the S&Ps struggling a bit to hold on to gains for the week. Busy Friday, good to be here. Thank you all for joining us. We are 30 minutes into this trading session. Here are three movers that we're watching. Shears of Lulu Lemon dropping, trading below 300 for the first time since November. Now, a slew of analysts downgrades and price cuts following the company's

latest earnings and outlook will break all of that down this hour. And a volatile 24 hours for shares

of App Loven after a short-sailor muddy waters raised concerns over the company's ad technology,

claiming they're breaking Google and Apple's App Store rules. Keep an eye on the foreign autos,

adding to yesterday's losses as investors

continue to work through the cost of President Trump's new auto tariffs on vehicles made

outside of the U.S. So Barclay's upgrading Ferrari to buy this morning and calling the stock,

quote, a safe haven. Interesting for Ferrari. Carl.

Got that PCE data this morning. Let's get some UMish as well.

Back to Rick Santelli. Hey, Rick.

Yes. Now, these are University of Michigan, Carl. These are the final numbers for March.

We had the mid-month numbers, and there has been some movement. We've gone from 57.9 to 57.0 on the headline.

That remains the weakest confidence headline number since Nova of 22.

If we look at the current conditions, it moved from 63.5 up to 63.8.

Still remains the weakest since up of 24.

Now, if we look at expectations,

moves from 54.2 to 52.6.

That would be the weakest going back to,

wow, July of 22.

Now, here's where it gets interesting.

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