Good Thursday morning.

Welcome to Squawk on the street.

I'm Sarah Eisen with Carl Kintania and David Faber.

We are live, as always, from post nine of the New York Stock Exchange.

Today, Micron breeze life into the AI trade.

Shares of the chipmaker surging after last night's results.

We'll talk about what it means for the tech trade at large. Plus, the CEO of Accenture, Julie

Sweet, will join us as that stock pulls back despite strong earnings, including solid AI bookings.

And another pop for Lulu Lemon, now at more than 30% in a month as an activist takes a big stake in the stock. We'll bring you the latest. But guys, the big news today is CPI, which comes in lighter than expected, and that is good news. We got, I'll do the year over year because it's really hard. There's no month over month because we didn't have October CPI. So let's just show you where we are. And that's also what the Fed looks like.

The headline number, 2.7%.

Again, better than expected.

Core, even better at 2.6%.

And that means that it was not the 3% that was expected.

If you break it down into inflationary spots that we talk about, that we worry about,

I think food was a pleasant

surprise, up 2.6% overall. And food at home, which is grocery bills. That's what you're paying.

That's what people feel? Up only 1.9%. It's a lot less than it has been, and also less than

eating out at restaurants, food away from home. Energy prices are a problem, 4.2% gain.

And part of that at least is the electricity.

You know, we talk about with all the data centers and the high electricity we're paying,

6.9% increase in November from the November before.

And then shelter, which has been stubbornly high and been a factor in the higher

...