Market moving insight and analysis.

Join Jim Kramer, David Faber, and me, Carl Kintanilla, on the opening bell hour of CNBC Squawk on the Street. Good Friday morning, welcome to Squawk on the Street. I'm Carl Kintanaia with Jim Kramer, David Faber, at Post 9 of the New York Stock Exchange. Happy Halloween, wrapping up the month of October. Stocks look to rebound from Thursday's near 1% declines. Amazon's going to help on deck for its best earnings-related open since 2015, 10-year 409.

Our roadmap begins with the state of mega-cap tech trade.

Amazon's cloud revenue soars, and the stock is up, pre-market.

Apple is also moving higher.

The company forecast double-digit revenue growth in the crucial holiday quarter.

And we've also got earnings from big oil this morning. Chevron reports record production.

The company CEO Mike Boreth will join us in a CBC exclusive. That's just a few moments from now.

Let's begin, though, with Amazon on track to open at a new record high following that blowout quarter.

Cloud revenue exceeds 20%. Andy Jesse talks about a ws on last night's call we continue to earn the

lion's share of those transformations and uh you know i i look at the momentum we have right now and

i i believe that we can continue to grow with a clip like this for a while.

That is the best number for AWS Jim since 22.

Yeah.

Okay, so listen, this was a show of major force by Jesse.

If you go back to the last quarter, I thought he was way too, like, episodic and maybe even, he was pondering. It's kind of like that maybe he wasn't sure of things. This time he comes out of the tunnel, he's just jacked, all right? And it's amazing. You know, David tried to get me to drop this one the other day. So I heard, yes. And that's like, you know, why don't you just

You hung in there. You hung in there when I questioned it the other day and you said, and I said why and you just said, because. Well, it's like, yeah, you wouldn't really have a reason, but you know, I'm going to jump ship from the Chiefs? And you did. You want me to jump ship from the Chiefs? That's fine.

I was coming in this morning ready to be like,

you know, you did a great job.

I'm not interested.

But now I'm going to back off.

Hey, I'm like 10 Bears and Josie Wales. I come in peace. But this was a quarter where he just said, okay, listen, listen, bears, listen, skeptics. We are doing so much better than everybody, including, by the way, Microsoft. And now I want to look into exactly Microsoft's numbers.

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