Good Thursday morning. Welcome to Squawk on the Street. I'm Carl Kintanio,

and Mike Santoli here at Post 9 of the New York Stock Exchange. Busy, busy morning as we're

weighing central banks, obviously the war in Iran ahead this hour. We're all over the latest

in oil as it climbs amid more strikes against energy assets

in the Middle East. Micron is slipping this morning despite revenue that nearly tripled in the

latest quarter. We'll ask a shareholder if he's buying this dip. And Accenture CEO Julie

sweets with us. Fresh off results as that name tries to reverse some weakness on the year.

But first, breaking economic data,

Rick Centelli has that for us.

Hi, Rick.

Hi, indeed.

Post-sale inventories, these are January final reads.

They're coming in at minus half a percent,

minus point five percent.

And that is really a big shift from the mid-month read of up two-tenths.

And it goes a long way to dispel notions.

We're going to see big inventory jumps in January.

That would actually be the biggest negative wholesale number going back to the December of 24.

December of 24.

And if we look at the sales side, well, this is a fresh January number, up half of 1% exactly as expected.

Leading economic indicators expected down one-tenth of a percent deliver exactly down one-tenth of a percent.

We haven't had a positive integer in leading economic indicators since November of 24. All of 25, all negative,

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