Market Moving Insight and Analysis joined Jim Kramer, David Faber, and me, Carl Kintania, on the opening bell hour of CNBC Squawk on the Street.

Good Monday morning, welcome to Squawk on the Street. I'm Carl Kintania with Jim Kramer, David Faber, Post 9 of the New York Stock Exchange. future is a bit red as the S&P comes off four straight winning weeks, the longest stretch since early summer, a busy week with PCE Thursday, Powell on Friday,

the market assesses Black Friday sales. Our roadmap begins with retail record. Black Friday shoppers

spending nearly $10 billion in U.S. online. Big gains year on year. Plus signs of a strong start

to the holiday shopping season are sending Shopify shares toward a 19-month high. Shopify's president is going to join us in just a few minutes.

And the Bulls are back. Global stocks headed for what would be the best month in more than three. Count them. Three years.

Wow. Let's begin with the holiday retail and the consumer. According to Adobe Analytics, Black Friday generated a record $9.8 billion in domestic online sales.

That's up seven and a half year on year.

Report sites strong demand for electronics, smart watches, televisions.

Meantime MasterCard spending polls has Black Friday sales up two and a half year on year.

That excludes autos driven by jewelry and apparel.

Got some buy now pay later metrics, Jim, out of Adobe as well. Yeah, and I saw a firm ticking up.

You know, Carl, what was supposed to happen this year was rates go higher. People spend less.

Fed wins. Soft landing. David, the spending would indicate that there really can't be a soft landing, not with this kind of strength.

Yeah, I mean, I always have a hard time on this day in particular making sense of some of the early data, although it does seem quite positive.

Right.

Other than this one outlier at Morgan Stanley where they seem to say their channel checks indicated that things were flat to down.

But again, I don't know what channels they're checking.

No.

And we are going with, I mean, you know, at this point you can obviously measure credit card and credit card spend is the way most people do, except the lowest

end where they may be using more cash. But there's the Morgan Stanley research note, which kind of grows cold water on this idea. But Jim, you're right. It does appear that we've gotten off to a strong start. Today, of course, is Cyper Monday. We'll see how that fares. And everything gets lumped together at this point. We don't really talk about

retail as in-in-store versus out-of-store as much as we may have once done more. We were measuring

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