All right, guys, thanks so much. Welcome to closing bell. I'm Scott Wapner live from Post 9, right here at the New York Stock Exchange. This maker breakout begins with sinking stocks as more economic data disappoints and more tariffs take hold. Here is how things look with 60 to go in regulation decidedly weaker, as you know by now for the majors, the first quarter nearing its end. The worst day for the S&P since March 10th, now down five of the past six weeks.

Consumer-related stocks dragging things lower following the worst read on sentiment since November of 2022.

Tech also falling hard, Amazon, Alphabet, Meta, Microsoft, all deeply in the red today.

And speaking of tech, the Corweave IPO hitting

the market today, opening a couple of hours ago. There is your trade up a couple of percent.

We'll have a report on that coming up as well. More pain for Ford and GM as investors rethink

their exposure to the auto industry following the Trump tariffs. We're following all of that.

It does take us to our talk of the tape.

The great reassessment, if you will, so bullish investors were at the beginning of this year,

and now taking down risk and looking for cover.

We'll begin with our senior economics correspondent Steve Leesman on the Fed's difficulty

of addressing the twin problems

of weak growth and higher inflation. We've had some Fed speak already, and we're going to get more

today, Steve, during this hour, in fact. Yeah, we'll be listening for Bostick later. The trouble for the

Fed, Scott, is trouble on both sides of the mandate. Today's data shows stronger inflation and weaker real growth.

Here are the key numbers from all the data.

That core PCE ticking up by a 10th compared to last month, a 10th better than higher than

expectations, and the year-over-year ticking up.

And real spending just 0.1% after the decline in January. It was the worst two-month

average for real consumer spending since the pandemic. Tariffs indeed might have shown up in the

February inflation data with the biggest rising goods inflation since August 2023. And inflation

expectations closely watched by the Fed rising sharply.

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