Good Monday morning. Welcome to Squawk on the Street. I'm Carl Kintanee, live from Post 9 of the New York Stock Exchange, alongside Sarah Eisen and David Faber, both live in LA, ahead of some huge interviews of the Milken Institute's annual conference. This hour, an interview you do not want to miss Blackstone Chief Operating Officer John Gray is going to be with us. In the meantime, though, let's check some markets. About two-thirds of a percent declines for NASDAQ S&P, 10-year hanging right around 434, actually rising a bit during the session.

A few movers were watching. Berkshire's board votes to name Greg Abel as its new CEO at the end of the year.

More on that and what Buffett said about markets in just a moment.

Media stocks under some pressure after the president announces plans for a potential tariff on any movies produced overseas. And then earnings beginning once again, Lowe's misses,

Tyson misses on revenue on semi reports a loss, but they do beat estimates. We've got some more data

crossing the tape this morning. Let's get to Rick Santelli. Hey, Rick.

We had S&P Global Final April earlier. They both deteriorated the lowest levels on the service

side since the fall of 23. Now these are ISM. April reads 51.6 is the service indecise

that is stronger than expected, higher than the rear view mirror best since

February of 24 now if we look at the prices paid component 65.1 once again this is zooming we're

expecting a number around 61 our last number was a whisker below 61 this is the highest since jan of

23 and in this case,

highest is not a good thing. On the new order side, 52.3, best since Dease of 24. Once again,

better than front and back, meaning rearview mirror and windshield. Finally, the employment, and

of course we know in the rearview mirror, we had a good

jobs report. This number is the only one that's in contraction territory, under 50, 49, but that's

still better than expected and well above 46.2 in the rearview mirror. 49.0, believe it or not,

is actually the weakest, and the first time under 50 since June

of last year, we are at 47.8.

Now, what we want to really pay attention to here is the fact that these readings, the strong

readings and the prices paid, are pushing yields higher.

If you notice right now we're at 434 in a 10 year,

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