Good Friday morning. Welcome to Swalk on the Street. I'm Carl Kintanio with Courtney Reagan here at Post-Night of the Airx Exchange, along with Mike Santoli, David Faber, and Sarah Heisen are off today.

Coming up this hour, we'll talk to the CEOs of two companies seeing big moves on earnings, an exclusive with Airbnb's chief Brian Chesky on why he says

his company is set to handle this AI disruption. And Roku's Anthony Woodley with us as that name

jumps on some strong earnings and guidance. Share some Moderna today jumping on earnings, but some

big questions remain around regulation. We will discuss that straight ahead.

Let's begin, though, with the market as stocks come off a rough Thursday session weighed down by these AI fears.

Sentiment shifting this morning, though, after inflation data was cooler than expected.

Joining us today is Mark Zandi, Chief Economist over at Moody's, and Jim Paulson, former chief investment strategist at Luthold Group,

and author of Paulson Perspectives, a great read, as always, on Substack.

Morning, guys.

Good morning.

Mark, I know you said you wouldn't take a lot of solace in this week's jobs number,

but can you take solace in CPI?

Yeah, I mean, inflation is still on the high side.

I mean, you know, Carl, as you know,

the inflation numbers are biased lower because of what happened last October when the government

shut down, the BLS couldn't collect that data and they assumed effectively no inflation.

So if you account for that, CPI inflation year over year is closer to 3%, not 2%.

So it's still on the high side, and it's still high for necessities, things that people need, housing, child care, medical care, that kind of that stuff.

So it's still on the high side, but it's not moving higher.

I'll take that.

So there is some solace there in that.

...