Good Friday morning. Welcome to Squawk in the Street. I'm Carl Cantonia with Leslie Picker and David Faber, live at Post 9 of the New York Stock Exchange.

Sarah is out today. As for markets, closing out February with a little bit of drama. Dows down about 800.

S&P back below 6850. Financial is definitely a drag along with tech. Some support from energy going into this weekend of Iran jitters, health care, and staples a little bit.

Ten year below four, and it has not cracked back above.

Head this hour, OpenAI closing a massive $110 billion funding round with backing from Amazon, Nvidia, and SoftBank.

Tech investor Dan Niles with us to discuss.

We'll talk to the ceo of cloud

security company z scaler down sharply after results and the latest of course on the warner

brothers discovery saga as the company deems paramount's bid superior first so let's get some new

economic data that just crossed where santelli has it for us r Rick. Yes, David, this is construction spending for December. Also, they will be releasing very

quickly November, which was not released yet. Up three-tenths of percent for Ds. This is one-tenth

better than expected. And it really does underscore some pretty decent data. Chicago PMI was pretty strong.

And interest rates, while they're under 4%,

a good thing for the housing market.

And ultimately, we want to see if it can close under 4%.

The last close under 4% was November 26 of last year.

Leslie, back to you.

Rick, thanks so much. Rick Santelli for us.

Let's get to the broader market with red across the screen to end the week after a hotter than expected inflation print. Joining us now is Max Ketner, chief multi-asset strategist at HSBC Bank.

Thank you very much for being here. Max, help us understand what exactly is going on

under the surface, because you've got PPI. You've also got the block news and the potential

concern surrounding replacement of jobs with AI and other bots. How would you characterize

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