Good Friday morning. Welcome to Squawk on the Street. I'm Sarah Eisen with Carl Kintania.

We are live, as always, from post-9 of the New York Stock Exchange. David Fabers off today. Coming up in the show, the S&P 500 and NASDAQ just wrapping up their best month since 2020. We'll talk to longtime market expert Jeremy Siegel about whether or not the rally has more legs. Plus, anthropic investor Byron Deeter is with us as the company looks to raise new money

at a $900 billion valuation.

And the latest on Apple hire this morning after strong revenue guidance, but we'll talk to one

analyst who says risks are rising here for shareholders.

Let's get one more macro data print to wrap up the week with Rick Santelli. Hey, Rick.

Hi, Carl and Dee. These are the last of the PMIs. These are manufacturing. They're from ISM.

April, fresh April. We're expecting the headline number to come in of over 53. A bit of a

disappointment. 52.7. Now, it is the fourth consecutive number over 50.

That's an expansion territory, but it is equal, actually, to the last look. So 52.7 back to back,

and those numbers are the best since the summer of 22, even though it is a little light to expectations.

Price is paid going the wrong way.

Expecting a number around 80 comes in all the way up to 84.6.

Equals April of 22 to find a higher number.

You're back to March of 22.

On new orders, it is now the fourth number in

a row over 50 in expansion territory. At 54.1, light expectations, sequentially higher than

53.5. And 54.1 would be the best since February when we were almost at 56.

And finally on the employment.

And keep in mind, a week from today, we'll have an employment report.

This has been the weakest part of the PMIs.

46.4, well below expectations, sequentially lower than 48.7.

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