Good Thursday morning. Welcome to Squawk in the Street. I'm Carl Kintania with Leslie Picker,

David Faber here at Post 9 of the New York Stock Exchange. Sarah Eisen has the morning off.

Coming up this hour, the latest on the Iran War and the ceasefire. As oil resumes its march higher,

back above 100 amid confusion about what exactly is included in this deal.

We'll talk to the head of Nordic American tankers currently has ships in the Middle East about Iran's plan to collect tolls in these Strait of Wormuz.

Amazon's boss, Andy Jassy out with an annual letter this morning.

Some big numbers around the company's opportunity in custom chips we'll

explain first so let's get some more breaking economic data just crossed and

Rick Santelli has that for us good morning Rick good morning David yes wholesale

inventories this is a February final read so we take the down half of 1% number. That was our final read in January,

and that now becomes up eight tenths, up eight tenths. That is a hot read. As a matter of fact,

that would be the biggest inventory jump going all the way back to Jan of 25. And it doesn't end there.

If we look at our February on trade sales, three, four times what we're expecting, up 2.7%

best since March of 22.

And if we look at the up 1.1 revision in the rearview mirror that is really a hot

number there that would be be up 1.1 percent so these are very very strong numbers

and they do underscore that many believe we see our biggest moves in inventories and

sales in January it really turned out to be Feb.

But on our February numbers, we also at the end of the month, of course, have the conflict beginning.

So many are going to look at this and notice it's going to change, because whether it's

inventories or sales, a lot of this could be affected by all the various products that are moving through in the Middle East.

And we do see that yields on the long end or higher on the short end.

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