Dan Schwartzman

consumer sentiment fell to a record low due to increasing worries about mounting inflation caused by the Iran war.

Consumers expect prices to rise at an annual rate of 4.8 percent over the next year and see costs rising at an annual rate of 3.4 percent over the next five to 10 years.

The preliminary April sentiment index slumped to 47.6 from 53.3 in March, according to the University of Michigan data out Friday.

That was below all but one estimate in a Bloomberg survey of economists.

Joan Hsu is director of Michigan's Consumer Surveys.

The University of Michigan's Joan Hsu speaking to Bloomberg.

The current conditions gauge slid to a record low of 50.1 in April, while the expectations index declined to the weakest since 1980.

Consumers' perceptions of their current financial situation matched the worst since 2009.

Artemis II is expected to splash down in the Pacific Ocean near San Diego at around 8, 10 p.m.

ET.

after the four astronauts aboard NASA's lunar mission journeyed farther beyond their home planet than any humans before them.

The reentry process will subject the Orion capsule to a firestorm reaching 5,000 degrees, with the astronauts being kept cool in pressurized flight suits.

We check markets all day long here on Bloomberg.

Markets still mixed.

The Dow down around two-thirds of a percent.

The S&P 500 is down around two-tenths of a percent.

The Nasdaq is up close to two-tenths of one percent.

The 10-year Treasury yield is at 4.320 percent.

The two-year yield is at 3.805 percent.

President Trump praising Palantir technology in a post on Truth Social, saying it has, quote, "...proven to have great warfighting capabilities and equipment.