This hour: how to navigate the morning&#x27;s biggest market moving headlines - including the latest out of Iran, new consumer data on inflation and sentiment, and the renewed AI concerns hitting software stocks. David Faber, Carl Quintanilla, and Seema Mody broke down the action with market veterans including hedge funder Dan Greenhaus, Goldman&#x27;s Chief U.S. Economist, and more. Elsewhere in the hour: the bank stocks to bet on ahead of earnings next week, details on the President&#x27;s promotion of one defense name, and a deep-dive on what&#x27;s driving Coreweave shares higher in the early trade. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

SOTS 2nd Hour: Goldman's Chief U.S. Economist Talks Stocks, Software's Hard Fall, & Financials To Bank On 4/10/26

Squawk on the Street

# Full Transcript

**Podcast:** Squawk on the Street

## Participants

- **Carl Quintanilla** (CNBC)
- **Seema Mody** (CNBC)
- **David Faber** (CNBC)
- **Rick Santelli** (None)
- **Megan Casella** (CNBC)
- **Dan Greenhouse** (Solus Alternative Asset Management)
- **Hugh Song** (CNBC)
- **Chris Gutowski** (Oppenheimer)
- **David Merkel** (Goldman Sachs)
- **Mike Intrader** (CoreWeave)
- **Contessa Brewer** (CNBC)
- **Julia Boorstin** (CNBC)

## Transcript

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Fanatic's events. Make the switch and turn every bet into a bucket with Fanatic Sportsbook. Winning hits different here. Must be 21 plus gambling problem? Call 1-800-GAMBLER or 1-800-522-4700. MD, visit MDGamblingHelp.org. Offer not available in all states. Terms apply. See Fanatic Sportsbook app. Good Friday morning. Welcome to Squawk on the Street. I'm Carl Quintanilla with Seema Modi and David Faber live at Post 9 of the New York Stock Exchange. Sarah Eisen is off today. Are the Bulls back in charge? We're going to talk about whether this week's relief rally and last week's isn't all clear or just a head fake. Bank earnings, of course,

kickoff on Monday with Goldman just as top Washington officials meet with some bank CEOs about the risks from these new AI models. We've got some new reporting ahead. And software, once again, sitting out this week's rally. We'll take a closer look at the fears weighing on that sector with Salesforce, the biggest Dow laggard. First, though, some eco-data crossing. Let's get some UMission more with Rick Santelli. Hey, Rick.

We're going to do UMission. I'll tell you what, buckle up. These are some weak numbers. If we look at the headline, this is Universal Missing Sentiment April preliminary in a couple weeks. They'll fine-tune it. And remember, the low read that we had was in 22 at 50. And my database goes back to 1978. The new read, 47.6.

I don't have anything up back to 78 that's any lower than that. And if we look at current conditions, that was headline, 50.1. Same scenario. My records have 50.4 is the low. So another very extremely low level on expectations. 46.1. 46.1. Do I have anything lower than that? I don't.

I have 47 and change. So another one that goes beyond mine. If we look at inflation numbers, 4.8 on the one-year inflation. That would equal where we were in August of last year to find a higher number. You're in June of last year at 5%. 5 to 10-year, 3.4 as expected. Rearview mirror, 3.2. 3.4 equals Novemb...

SOTS 2nd Hour: Goldman's Chief U.S. Economist Talks Stocks, Software's Hard Fall, & Financials To Bank On 4/10/26

Transcript

Built for investment professionals

Every day you wait, your competitors are finding
edge in conversations you're not hearing.

SOTS 2nd Hour: Goldman's Chief U.S. Economist Talks Stocks, Software's Hard Fall, & Financials To Bank On 4/10/26

Transcript

Built for investment professionals

Every day you wait, your competitors are findingedge in conversations you're not hearing.

Every day you wait, your competitors are finding
edge in conversations you're not hearing.