Good Friday morning. Welcome to Squawk on the Street. I'm Carl Cantonia with David Faber,

contested Brewer here at Post 9 of the New York Stock Exchange. Sarah Heisen is the morning off.

Markets coming off Thursday's all-time highs. All sectors red for now except for consumer discretionary.

Yields are up pretty much across the

curve. You got the VIX re-approaching 17 today. This morning, AI's impact in the real world,

we will talk about new steps that the street and the media industry are taking to integrate AI

and what that means for human employees. And then Yale management's expert Jeffrey Sondonfeld's with us to weigh in on this analyst

call for Apple to consider replacing Tim Cook.

First, so let's start with Washington, D.C.

This is the market, of course, is dealing with a whirlwind of tariff announcements.

Could even see more today.

Megan Kassella joins us now.

Of course, things move so fast and she keeps

track of it all for us. Megan, what do we know? David, I try my best to stay on top of it all,

but it's been significant escalation last night and really this week overall. The first new piece

is the president now threatening to raise tariffs against Canada to 35 percent, up from

the 25 percent level where they are now.

Now, an administration official did tell me that exemptions for USMCA compliant goods and the

lower 10 percent tariff for energy are likely to stay in place.

The official says it is fluid, and you can see here how many different tariffs now Canada is facing on all of its exports

to the U.S. Canadian Prime Minister Carney responding overnight to the new threat saying

Canada will continue to negotiate and that Canada is strengthening its partnerships throughout

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