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

Kintania. We are live, as always, from post nine of the New York Stock Exchange. David

Faber is off today following this market sell-off. Coming up this hour, Mohamed Alarion will

be with us to break down his latest thinking on the markets

as stocks come off their worst day in more than a month trying to make a comeback here in early

trading that we're down about a half a percent on the S&P. Plus the bull case for big tech.

We'll talk to one analyst who says this week's sell-off is a major buying opportunity and big

news today out of Walmart. CEO Doug Doug McMillan, says he plans to

retire after 12 years on the job. We'll talk about the man who will lead the company next and what

it means for shareholders. But first, Carl, you know, with the odds at 50-50 of a rate cut in

December, that's probably adding to a little bit of the angst here on Wall Street this week.

I decided to go back and

look at what every voter has said, because I think there's a lot of confusion about Fed speak,

voters and non-voters. The voters are the ones that will have a say when it comes to December

policy. And the good news is that we should get some more economic data now that the government

is reopened before the

early December Fed meeting. But here's why the market is so unsure about what the Fed will do on that

day. I think there's a lot of sort of, eh, we can afford to wait and see kind of messaging.

Let's just look at some of the voters, okay? Michael Barr, he's a Fed governor. Here's what he has said in May of October. The FMC should be cautious about adjusting policy

so that we can gather further data, update our forecasts and better assess the balance of risks.

Doesn't sound like he's itching to cut. Michelle Bowman, who we know is in contention for next Fed chair.

She sounds like she's up for a cut, although it was in September.

...