It's Jim Kramer here. You're listening to the opening bell of CNBC's Squawk on the Street. Don't miss a minute of the action. Good Friday morning. Welcome to Squawk on the Street. I'm Carl Kintanee, with Jim Kramer at Post 9 of the New York Stock Exchange. David Faber has the morning off. S&P futures seeking out some fresh highs as Apple's up nearly 4% pre-market on earnings, which is boosting the Dow as well.

Got some upside movers in software, and conversely some selling in semis with Western Didge and sandisk in the red.

Oil is off the highs on these reports that the Iranians have given a new proposal to Pakistani mediators.

Retail gas, though, now averages 442 a gallon, up nine cents in just the

past day. Roadmap begins with Apple's strong quarter, booming iPhone demand, better than expected

guide, but a warning on supply and memory costs from Tim Cook. Watching oil as gas prices do continue

to climb. Exxon and Chevron see profits fall due to the war in Iran.

And then there's the tech trade.

Intel, best month ever.

And the Mag 7 helping fuel stocks to their best month since 2020.

Let's begin with Apple's quarterly beating guidance that did impress the street.

Revenue tops $111 billion.

iPhone up almost 22, helped by strong demand for the 17 in China.

Services record high. Company also authorizes an additional $100 billion share buyback, Jim,

which is bigger than the market cap of 340 SMPers?

Toward of fourth quarter, really amazing conference call.

The stock was down about a dollar.

People were selling it pretty heavily.

And then they announced this blowout the race.

And one of the things that I thought was incredible was they now guide to 14 to 17. People are looking for nine. You got a double-digit, mid-double-digit

gain. And so suddenly the stock, maybe the stock's not as expensive if people think.

Yeah, second consecutive quarter of double-digit sales growth,

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