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

Good Friday morning. Welcome to another hour of squawk in the street. I'm Carl Kington, A. Morgan, Brennan's here post nine of the New York Stock Exchange, alongside David Faber, who's live at the FI Priority Summit down in Miami.

Sarah Eisen has the morning off. Dow getting hurt by UNH, a story we'll get to in a moment.

But aside from that, some questions about growth in the consumer after Walmart's guidance

yesterday and today, just now, the first contraction in services PMI since January of 23.

Being watched very closely. We're 30 minutes into the trading session. Here are three big movers

that we are also watching closely. United Health under pressure, the general reporting at the DOJ

has launched an investigation of the company's Medicare billing practices. We're going to have

much more on this in the fallout in just a moment,

and you can see shares are now down 9%. Alibaba shares jumping again after earnings yesterday.

Reports now that GameStop CEO Ryan Cohen has increased his personal stake in the Chinese tech giant

to roughly 7 million shares. That's worth about a billion dollars. Baba sent the Hengsen higher

overnight too, and it's now up. up get this a whopping 60% since the start

of the year. Also watch the travel names today booking holdings gaining on strong numbers.

Room nights, gross bookings and revenue all up double digits year over year. Strong international

travel demand was really the big driver there. You can see those shares of about four and a half percent.

Waiting on Michigan consumer sentiment a few moments ago, we'll get to that. Actually, 64-7 we have now is pretty much in line with actually a slight miss from 67.8 expectations.

We're going to couple that with the services PMI number along with

existing Diana looks got that hey Diana hey Carl that's right existing home sales in

January for fell 4.9% month to month to a seasonally adjusted annualized rate of

4.08 million units that is a much steeper decline than the street was expecting

sales still 2% higher than January of

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