Good Friday morning. Welcome to Squawk on the Street. I'm Carl Kintan here with Sima Modi and David Faber, live at Post 9 of the New York Stock Exchange. Sarah Eisen is off today. Are the Bulls back in charge? We're going to talk about whether this week's relief rally and last week's isn't all clear or just a head fake. Bank earnings, of course, kick off on Monday with Goldman, just as top Washington officials meet with some bank CEOs about the risks from these new AI models.

We've got some new reporting ahead.

And software, once again, sitting out this week's rally.

We'll take a closer look at the fears weighing on that sector with Salesforce, the biggest Dow laggard.

First, though, some eco-data crossing.

Let's get some UMission more with Rick Santelli. Hey Rick.

We're going to do UMission.

I'll tell you what, buckle up.

These are some weak numbers.

If we look at the headline, this is the University of Miss and Settlement, April preliminary in a couple weeks, they'll fine-tune it.

And remember, the low read that we had was in the 22 at 50, and my database goes back to 1978.

The new read, 47.6.

I don't have anything up back to 78 that's any lower than that.

And if we look at current conditions, that was headline, 50.1. Same scenario. My records have

50.4 is the low. So another very extremely low level on expectations. 46.1. 46.1. Do I have

anything lower than that? I don't. I have 47 in change, so another one that goes

beyond mine. If we look at inflation numbers, 4.8 on the one-year inflation. That would

equal where we were in August to last year to find a higher number. You're in June of last

year at 5%. 5 to 10 year, 3.4 as expected. Rearview mirror 3.2. 3.4 equals November to find a higher

number. You're back to October 25. Now we have a litany of numbers here with regard to durable

goods and factory orders. On the durable goods side, these are all final reads. So minus 1.3 replaces minus 1.4, strip out transportation.

9 tenths replaces 8 tenths.

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