Good Friday morning. Welcome to Squawk in the Street. I'm Carl Cantonia with Leslie Picker and David Faber here at post nine of the New York Stock Exchange.

Sarah Eisen has the morning off. Markets trying to take the edge off of what's basically a 3% loss for the week, 6% or so off the all-time highs.

S&P up a touch here on some dubish Fed speak, which actually has the tenure a little bit lower down to 407. Today, Bitcoin's

under pressure again, now pacing for the worst week since 22, down more than 30% since the record

high in October. We'll talk about what's dragging on the space and the spillover for the broader

market. Tech's having a rough week, as you know, but Alphabet is the outlier hitting record highs

and up again today as Google unveils Gemini 3. We'll talk about the move with Oak Mark's Bill

Nygrin, who for a long time has counted Alphabet among his top holdings. But first, breaking

economic data just crossing rick santelli

has that for us today here yes and not necessarily good news here these are

university michigan november final reads and fifty point three on the headline

was our mid-month read that was uh... pretty much one of the close to the all-time

low which was fifty and this comes in at 51.0, so it moves up,

but it's still quite weak in the grand scheme of history. Now, if we look at current, that moved down from 52.3 to 51.1,

and that is a new low. If we look at the expectations, what may lie ahead,

it actually improved a bit from 49 up to 51.

51 would be the best read, well, just since September

when we were at 51.7, so mixed bag,

but at least all three, just like we had S&P Global, are above 50. Now, if you look at the

inflation side, 4.5 replaces 4.7, 4.5 equals July to find the lower one. You're going to February

of this year at 4.3. And finally, if we look at 5 to 10 year inflation rates, it moves from 3.6 to 3.4.

3.4 would be the lowest, second lowest to the year outside of 3.2, which was January.

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