Good Friday morning. Welcome to another hour of squawk on the street. I'm Carl

Kentinea with Leslie Picker and David Faber here at Post 9 of the New York Stock Exchange. Sarah

Heisen has the morning off. Got some all-time highs once again on the S&P at 61.26. Yields

coming down a bit at the short end on a surprisingly soft services PMI a moment ago.

We'll talk about that in a moment.

Plus, a big interview in just a moment as well.

The CEO of Energy Group Ventured Globals with us going public at the big board and one of the biggest energy IPOs in a decade.

And this Friday, we are 30 minutes into the trading session here.

Three big movers. We are watching American Express under pressure despite beating estimates

reporting record card member spending and raising its dividend. That said, the stock has been a

big outperformer over the last year and shares are down about 3.2% this morning. Verizon also beating estimates higher prices for its plans

helping boost revenue. The company adding nearly a million subscribers across mobile and broadband.

The street likes what it sees stock up 1 and a quarter percent. And shares of Novenortes

popping higher after the pharma giant reported positive early stage results for its once weekly obesity

drug those shares currently up about seven and a half percent we've got some economic data just

crossing the tape rick santelli has it for us rick yes and there's more weakness here now these

are the july final read on University of Michigan sentiment.

The mid-month read on the headline number was 73.2.

It moves down to 71.1.

That's a big, big move usually for a two-week look, and that is the weakest levels since October of last year.

If you look at current conditions, very similar.

It's also less than the 77.9 mid-month

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