Market insight and analysis. You're listening to the opening bell of CNBC, Squawk on the Street.

Good Friday morning. Welcome to Squawk on the Street. I'm Carl Kington-Aid with David Faber, Mike Santoli,

post-9 of the New York Stock Exchange. Kramer has the morning off. We are putting Q3 mercifully to bed with some green arrows.

As the disinflation trend continues around the world, Eurozone CPI runs cool. Core PCE, finally a three-handle for the first time in two years.

Our roadmap begins with the last trading day of the month and quarter. Stocks looking to rally at the open, looking to close out the worst month of the year on this high note.

Plus, the latest read on inflation ahead of a potential government shutdown over the weekend and the likely expansion of the big three auto strikes national economic council director lale brainard joins us this hour and sure's a Nike rallying this despite its first revenue miss in two years the company is saying that it sees a resilient consumer both here in the u.s and in china

s mp down as deck all on pace for the worst month of the year so far as the street now

braces for a potential government shutdown as soon as tomorrow night.

Meantime, we knew PCE, Mike, was going to be the 10-Pol data point of the week and some relief that we got the 3-9.

Yeah, people were leaning toward the idea. It would be a relatively softer number based on some of the clues going into it.

So as expected, you know, we spoke around the close yesterday, Carl.

I said we're going to be allowed to mark our fear to reality here because it's been all about, wait, what's going on with this messy sell-off in the bond market?

It seems unanchored.

It seems like it's got a life of its own.

And now we did get yesterday GDP revisions, weekly claims today, the PCE inflation number.

So we have the economy.

We more or less thought we had.

Bond yields calming down and getting a little bit of a bit in stocks.

It's all happening coming together, almost a little too scripted, maybe at the last day of the quarter.

You have had both stocks and bonds down together in lockstep this quarter, almost by the same magnitude.

And so there's no real reshuffling that I would expect around that.

But, you know, it does seem as if you maybe for now

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